- Hot Chili (HCH) finds further targets at its Costa Fuego copper-gold development hub in Chile
- Advanced three-dimensional (3D) geochemical targeting has been applied at Costa Fuego for the first time
- From this, two large scale targets have been identified – Productora Central and Santiago Z, which are “potential game changers”
- These targets are now ready for immediate drill testing
- Hot Chili is up 3.75 per cent and is trading at 4.2 cents per share at 11:49 am AEST
Hot Chili (HCH) further explores its Costa Fuego copper-gold development hub in Chile.
Advanced three-dimensional (3D) geochemical targeting has been applied at Costa Fuego for the first time.
The 3D geochemical approach generated probability models which accurately mirrored existing copper resource models at both Cortadera and Productora prospects.
From this, two large scale targets have been identified – Productora Central and Santiago Z, which are “potential game changers.”
These targets are now ready for immediate drill testing.
Both of these targets are larger in size than the main porphyry at Cortadera, where three drill rigs are currently operating to upgrade its maiden 451 million tonne resource.
A fourth drill rig is being secured to commence exploration drilling at Productora Central in the fourth quarter of this year and regulatory drilling approvals for Santiago Z is expected on December.
Expansion drilling at Cortadera continues to deliver strong growth ahead of a planned major resource upgrade and the company has sped up exploration across its costal range landholdings over the past year.
Hot Chili was up 3.75 per cent and was trading at 4.2 cents per share at 11:49 am AEST.