Hot Chili Limited have started copper and gold drilling in Chile, South America. The ‘Cortadera’ porphyry project comprises of 17 reverse circulation drilling holes.
The project spans roughly 5km along the Chilean coastal range. Project land drilling rights were acquired by Hot Chili earlier this year in February.
Currently, five holes have been drilled and samples dispatched for analysis. Surrounding areas had been previously drilled for diamond, leaving land open for Hot Chili.
Australian advisory firm Sternship Advisors have also been appointed to advise Hot Chili’s funding process.Sternship will be managing partnership processes to provide capital for acquisition and funding for the Cortadera and ‘Productora’ drilling projects.
Drilling results are expected to be released in the coming weeks.