Hot Chili reinforces bulk tonnage potential at Productora

THE DRILL SERGEANT: Hot Chili (ASX: HCH) has received results from recently-completed drilling at the company’s Productora copper project in Chile.

The company said the results have confirmed the strong continuity of the bulk-tonnage resource areas, which supports its strategy to maximise the maiden Ore Reserve estimate at Productora.

The latest results include:

162 metres at 0.8 per cent copper and 0.2 grams per tonne gold and 140ppm molybdenum from a down-hole depth of 40m within the southern extent of the planned central pit area of Productora.

Other results include:

–    64m at 0.7 per cent copper and 0.2g/t gold and 130ppm molybdenum from 142m down-hole;

–     44m at 0.7 per cent copper and 0.1g/t gold and 247ppm molybdenum from 74m down-hole, including 9m at 1.1 per cent copper and 0.1g/t gold; and

–    86m at 0.5 per cent copper and 0.1g/t gold and 226ppm molybdenum from 254m down-hole, including 8m at 1.4 per cent copper and 0.3g/t gold.

Hot Chili has now completed all planned in-fill and QA/QC drilling for 2013.

 

New significant drilling intersections in relation to the
planned central pit design at Productora. Last results from In-fill and
QA/QC drilling program for 2013. Source: Company announcement

 

“This drilling was aimed at up grading the Inferred resources to the Indicated category in areas likely to lie within the parameters of the planned central open pit at the project,” Hot Chili said in its ASX announcement.

“Remaining drilling for 2013 will focus on areas which are likely to substantially reduce strip ratios and maximise the conversion of resources to reserve at Productora.

“This includes higher grade areas such as the newly discovered Habanero zone.

“Approximately 80 drill holes remain to be completed in 2013 and results from Habanero and other high-priority areas at Productora are expected shortly.”

Email:
christian@hotchili.net.au

Website
www.hotchili.net.au