EQS-News: Hot Chili Executes Option to Secure Major Extension to Cortadera
Hot Chili has executed an Option Agreement enabling Hot Chili to acquire a 100% interest in AMSAs mining rights adjoining the western margin of Hot Chilis Cortadera copper-gold porphyry discovery, the centre-piece of the Companys Costa Fuego senior copper development in Chile.
- Hot Chili has executed an Option Agreement enabling Hot Chili to acquire a 100% interest in AMSAs mining rights adjoining the western margin of Hot Chilis Cortadera copper-gold porphyry discovery, the centre-piece of the Companys Costa Fuego senior copper development in Chile.
- Cortadera has been the growth engine for Hot Chili since the Company executed a transaction to acquire the project in 2019.
- The option enables the consolidation of Cortadera and near doubles the prospective strike length of the discovery, increasing the near term, material resource growth potential for Hot Chili.
- Hot Chili then ceased all exploration activities at Cortadera North until an agreement could be entered into with AMSA to enable Hot Chili to acquire the adjacent landholding.