Hot Chili continue to deliver hot results at copper-gold project
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Hot Chili has delivered another exceptional result from a 100m step-out drill hole to the main porphyry of its Cortadera copper-gold discovery in Chile.
Cortadera is a privately-owned, major copper-gold porphyry discovery, just 14km from Hot Chili’s large-scale Productora copper development and adjacent to the high grade El Fuego satellite copper projects.
HCH see Cortadera as a premier discovery that could position the company with one of the largest copper-gold inventories in the hands of a junior listed company globally.
In fact, Cortadera's continued delivery of world-class drill results has positioned Hot Chili as one of the few juniors globally controlling a potential Tier 1 copper-gold asset in a Tier 1 mining jurisdiction.
Hot Chili is well funded with over A$2 million cash at hand and the ability to pivot it’s activities towards delivery of key resource growth milestones over the coming months ahead.
Cortadera stacks up well against its peers:
Highlights of this latest drill program include:
- 542m grading 0.5% copper & 0.2g/t gold from 422m down-hole depth including a wide high grade zone of:
- 218m grading 0.7% copper & 0.2g/t gold from 616m down-hole depth (plus additional silver and molybdenum credits)
The latest drill result for CRP0040D significantly extends the strike length of the main porphyry’s vertically extensive high grade core, which is now over 500m in strike length, 200m in width, extending from 200m vertical depth, and still open, with average drill intersection grades ranging between 0.7% to 0.9% copper and 0.2g/t to 0.5g/t gold.
Of course, Hot Chili like many companies, hasn’t been immune to current events and has temporarily suspended operations due to the coronavirus pandemic, however the company won’t sit idle and is utilising this time to accelerate preparations towards estimation of a large first resource for Cortadera.
Prior to shut down, Hot Chili drilled its next expansion DD hole (CRP0042D) to a depth of 616m down-hole. The 250m step-out hole is designed to test the southern extension of Cuerpo 3 at depth.
This hole will be completed to a depth of 1,200m upon re-commencement of drilling.
Hot Chili has also completed two deep Reverse Circulation (RC) pre-collars across the Cuerpo 3 North target, located 500m north of the main porphyry.
Both holes (CRP0041 and CRP0043) intersected wide zones of skarn alteration in association with strong pyrite mineralisation above the position of a large coincident chargeability and conductivity geophysical anomaly. Diamond drill tails are planned to extend both holes at depth and further four deep RC holes are also planned.
Meanwhile, results from DD hole CRPO042D and RC holes CRP0041 and CRP0043 are expected to be received in the coming weeks, subject to reduced turn-around time from laboratories.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
