“Proximal to sealed roads, power and lies within 50km of port facilities”
Tenements, Location and Access
The Company’s tenements comprise 131 mining and exploration licences over areas considered to be highly prospective for the definition of a large IOCGU deposit. Of these licenses, 94 have been approved and 37 are in the process of being approved (constituted). Hot Chili’s exploration licences cover the northern and southern extensions of the identified uranium mineralisation in the area.
The Company executed an “Exploration and Promise to Incorporate” agreement with CODELCO on the 22nd of October, 2009.
Hot Chili intends to actively pursue future discussions in relation to gaining further land positions in the area.
Chile Norte is located in the northern Region II of Chile, south of the coastal city of Iquique. It is proximal to sealed roads, power and lies within 50km of port facilities.