“Extensive drill programmes undertaken at two advanced multi-commodity copper projects”
Projects Overview
Hot Chili is pursuing a two project development strategy, where successful results at Los Mantos and Productora will under-pin the definition and assessment of two large-scale multi-commodity copper resources amenable to multi-km scale open pit operations in Chile.
Hover over the projects and click for more information:
Productora
Productora is Hot Chili’s flagship multi-commodity copper project. The project is at an advanced stage, with an operating underground mine, significant historical drilling and extensive supporting geological work already undertaken. Hot Chili's drilling has revealed wide zones of copper, gold, molybdenum, and cobalt. Mineralisation remains open at depth and extends beyond 2.5 kilometres of strike length. Hot Chili controls over 12.5 kilometres of strike extent across the main mineralised corridor at the Productora iron-oxide-copper-gold (IOCG) project.
Los Mantos
Los Mantos is at an advanced stage with an operating small-scale mine, and extensive historical underground and surface development. The Company has recognised a zoned multi-commodity IOCG system with potential increasing at depth. Extensive zones of mantos and breccia style mineralisation is exposed over 2.5km in strike length in surface development and outcrop. A series of positive drill results across 1.5km strike extent have intersected multiple zones of shallow, moderate width, multi-commodity copper mineralisation. Work undertaken by Hot Chili and the current mining activities indicate that Los Mantos may potentially be higher-grade than Productora.
Chile Norte
Chile Norte is at an early stage of advancement with historical work including copper multi-commodity exploration investigations, minor drilling activity, trenching and surface geochemical assaying. Over 17km strike length of multi-commodity anomalism has been identified in the area and further extensions along strike are inferred. Exploration by Hot Chili has included airborne magenitc and radiometric surveying, ground mapping and geochemical sampling. Four large targets are being prioritised for assessment within the 65km strike extent of land position at the project.