Cuerpo de Bomberos de Santiago

EQS-News: Hot Chili Executes Option to Secure Major Extension to Cortadera

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Monday, November 28, 2022
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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.

Key Points: 
  • 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.

DGAP-News: Another High Grade Boost for Cortadera 658m at 0.6% CuEq including 130m at 0.9% CuEq

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Tuesday, May 24, 2022
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The PFS in-fill drill programme across Cortadera has collected important geotechnical and hydrogeological information and has also continued to define and expand high grade resources.

Key Points: 
  • The PFS in-fill drill programme across Cortadera has collected important geotechnical and hydrogeological information and has also continued to define and expand high grade resources.
  • CORMET005 was drilled across the northern flank to the high grade core within the main porphyry (Cuerpo 3) at Cortadera.
  • These high grade intersections were also outside the current high grade resource at Cuerpo 2.
  • Resource growth drilling has commenced targeting the San Antonio and Valentina high grade copper deposits, located 5 kms northeast of Cortadera.

DGAP-News: Cortadera Delivers Another Strong Result 552m at 0.6% CuEq including 248m at 0.8% CuEq

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Friday, April 29, 2022
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CORMET003 returned a significant intersection of 552m grading 0.6% CuEq (0.4% copper (Cu), 0.2g/t gold (Au), 89ppm molybdenum (Mo)) from 276m depth down-hole, including 248m grading 0.8% CuEq (0.6% Cu, 0.2g/t Au, 179ppm Mo) from 574m depth.

Key Points: 
  • CORMET003 returned a significant intersection of 552m grading 0.6% CuEq (0.4% copper (Cu), 0.2g/t gold (Au), 89ppm molybdenum (Mo)) from 276m depth down-hole, including 248m grading 0.8% CuEq (0.6% Cu, 0.2g/t Au, 179ppm Mo) from 574m depth.
  • CORMET001 was drilled into Cuerpo 1 and also returned a strong result of 70m grading 0.6% CuEq (0.5% Cu, 0.1g/t Au and 11ppm Mo) from 86m depth down-hole.
  • Productora Central is a 1.2km by 1.0km geochemical target, located along the western flank of the planned Productora open pit.
  • PRF003 recorded an end of hole intersection of 36m grading 0.2% CuEq (0.2% Cu, 0.1g/t Au, 0.5g/t Ag) from 290m, including 12m grading 0.4% CuEq (0.4% Cu, 0.1g/t Au, 0.4g/t Ag).

DGAP-News: Cortadera Delivers Another Outstanding Intersection

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Thursday, April 14, 2022
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Two DD rigs are in operation (development drilling) and one Reverse Circulation (RC) drill rig is undertaking exploration drilling at Productora, located 14km from Cortadera.

Key Points: 
  • Two DD rigs are in operation (development drilling) and one Reverse Circulation (RC) drill rig is undertaking exploration drilling at Productora, located 14km from Cortadera.
  • The Company looks forward to pending assay results from remaining development study DD holes completed at Cortadera, having all visually recorded wide intersections of strong mineralisation.
  • 1 Reported on a 100% Basis - combining Mineral Resource estimates for the Cortadera, Productora and San Antonio deposits.
  • For Cortadera and San Antonio (Inferred + Indicated), the average Metallurgical Recoveries were: Cu=83%, Au=56%, Mo=82%, and Ag=37%.

DGAP-News: Higher Grade Core Confirmed at Cortadera

Retrieved on: 
Tuesday, February 8, 2022
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The Company has commenced remaining workstreams to complete a resource upgrade for Cortadera, utilising an additional 52,000m drilled since its maiden resource of 451Mt was reported in October 2020.

Key Points: 
  • The Company has commenced remaining workstreams to complete a resource upgrade for Cortadera, utilising an additional 52,000m drilled since its maiden resource of 451Mt was reported in October 2020.
  • 'It takes an average 18 to 21 years to move from discovery to production with large-scale copper projects.
  • Two diamond (DD) drill rigs are in operation at Cortadera completing a number of drill holes for hydrology and geotechnical testwork purposes.
  • The words "believe", "expect", "anticipate", "indicate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify forward-looking statements.