“One of the world’s best Iron-Oxide-Copper-Gold (IOCG) provinces”
The project lies 58km south of La Serena in Region IV of Chile with good access from the main sealed highway connecting La Serena to the mining township of Ovalle to the south.
At Los Mantos a central mining area of about 2.0km N-S by 1.0km E-W is held by private land owner Mr. Aldo Cordero Godoy, which is surrounded by leases held by CODELCO (the world's largest copper producer) and CMP. Hot Chili, has entered into a five year option agreement for the 100% purchase of the Los Mantos project.
Los Mantos is an IOCG style project with potential for porphyry style mineralisation at depth. Copper, gold and molybdenum are the focus minerals for the Los Mantos multi-commodity project, although the Company has also identified significant concentrations of uranium, cobalt and rare earth minerals.