“Large multi-commodity copper resource emerging”
Productora
The Productora project is located in a low altitude coastal range belt 15km south of the regional mining centre of Vallenar. An area measuring approximately 12.5km N-S by 5km E-W is controlled by seven parties comprising: Hot Chili (through its subsidiary company SMEAL); private land holders; resource companies and government organisations.
Productora is Hot Chili’s flagship project and is a large multi-commodity copper project with resource definition drilling delineating wide zones of breccia hosted copper, gold, molybdenum, uranium and cobalt mineralisation. Mineralisation has been recorded over 3.7km within the company's landholdings, and remains open along strike.
Polymetallic mineralisation at the Productora project correlates with a NNE-trending fault zone, which is cross-cut by several NW-trending faults. Metasomatic and hydrothermal alteration is widespread and intense, and associated with late Cretaceous to early Tertiary movement along the NNW-SSE trending Atacama Fault Zone.
This north-trending zone of hydrothermal alteration exceeds 8km in strike length and 3km in width. Silicification with pyrite and chalcopyrite is accompanied by potassic alteration (K- feldspar), argillisation, tourmalinisation and sericitisation. This pattern of alteration and mineralisation indicates that it is an example of the IOCG mineral system.