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Anticipation Builds for RIU Explorers Conference

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THE CONFERENCE CALLER: The RIU Explorers Conference kicking off in Fremantle next week will have a bit of everything for everyone ranging from positive drilling results to on-market takeover bids. We can’t wait.

 

Patronus Resources’ Makes Matsa Resources Takeover Bid Just in Time for RIU Explorers

THE CONFERENCE CALLER: A takeover bid by Patronus Resources (ASX: PTN) for Matsa Resources (ASX: MAT) provides next week’s RIU Explorers Conference a bit of colour.

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Carnaby Resources Drills Further Encouragement at Greater Duchess

THE DRILL SERGEANT: Carnaby Resources (ASX: CNB) released results from a recent busy round of drilling completed at the company’s Greater Duchess copper gold project in Mt Isa, Queensland.

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Black Cat Syndicate Resumes Paulsens Underground Drilling

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) is conducting underground drilling at the company’s Paulsens gold operation in Western Australia.

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Critica Declares Jupiter Maiden Resource as Australia’s Largest Clay Hosted REE Resource

THE DRILL SERGEANT: Critica (ASX: CRI) released, what the company claims as being, the “largest and highest-grade clay hosted rare earth resource”, in Australia.

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Hot Chili Confirms LaVerde Copper-Gold Porphyry Discovery

THE DRILL SERGEANT: Hot Chili (ASX: HCH) declared confirmation of a copper-gold porphyry discovery at the La Verde copper-gold discovery near the company’s Costa Fuego copper-gold project in Chile.

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Matsa Resources Encounters High-Grade Gold Intercept at Fortitude North

THE DRILL SERGEANT: Matsa Resources (ASX: MAT) rebuked a take over offer from Patronus Resources (ASX: PTN) while announcing a high-grade gold intercept at the company’s Lake Carey gold project in Western Australia.

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Mt Malcolm Mines Producing Gold Sales from Golden Crown Bulk Sampling

THE DRILL SERGEANT: Mt Malcolm Mines (ASX: M2M) continues to produce gold recoveries of note from the company’s Golden Crown prospect in Western Australia.

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Red Metal Confirms REO Continuity via Infill Drilling at Sybella Discovery

THE DRILL SERGEANT: Red Metal (ASX: RDM) has drilled confirmation that of wide zones of rare earth oxide mineralisation continue at the company’s Sybella rare earth discovery near Mt Isa.

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Hot Chili Confirms LaVerde Copper-Gold Porphyry Discovery

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THE DRILL SERGEANT: Hot Chili (ASX: HCH) declared confirmation of a copper-gold porphyry discovery at the La Verde copper-gold discovery near the company’s Costa Fuego copper-gold project in Chile.

Hot Chili made the announcement on the back of results received from recent drilling activity that resulted in completion of 19 RC drill holes, 12 of which assay results were reported confirming what the company described as “a major copper-gold porphyry discovery in Chile’s coastal range”.

“La Verde is shaping up as Hot Chili’s next major copper-gold discovery, with the potential to significantly lift the scale of our Costa Fuego project,” Hot Chili managing director Christian Easterday said in the company’s ASX announcement.

“With primary copper supply declining, copper and gold prices rallying, and a PFS on each of our planned businesses (copper-gold and water) nearing completion – momentum is building fast.

“Following in the footsteps of our successes at Cortadera and Productora, we’ve secured full control of La Verde after years of strategic consolidation, finally allowing us unrestricted access to test this historically overlooked porphyry system.

“Drill results have exceeded expectations, revealing a much larger porphyry system than first recognized, with broad, consistent copper-gold mineralisation extending from shallow depths and largely hidden below shallow gravel cover.

“This discovery has all the signs of becoming our third bulk-tonnage, copper-gold deposit, and is open in all directions and growing fast.

“We’re also preparing to deploy AI-powered exploration to fast-track our nearby exploration growth pipeline, leveraging 16 years of expertise in Chile.

“With La Verde’s scale potential and the Costa Fuego copper-gold hub expanding, we’re at a major inflection point in Hot Chili’s growth story.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Hot Chili Encounters High-Grade Copper and Silver at Valentina

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THE DRILL SERGEANT: Hot Chili (ASX: HCH) reported a new, shallow high-grade, copper-silver drill intersection from the company’s Valentina copper deposit in Chile.

Hot Chili received assays results for hole VALMET0002, which it explained was a twin diamond drill hole of earlier reverse circulation drill hole VAP0009 the company had reported in August 2022.

VALMET0002 recorded 3 metres at 12.1 per cent copper equivalent (CuEq) (11.8% copper & 52.6g/t silver) within a broader drilling intersection of 12m at 4.6 per cent CuEq (4.5% copper & 16.5g/t silver) from 25m depth down-hole.

The company explained the result confirms a 120m extension of high-grade, copper-silver mineralisation to the south of the historical Valentina underground mine and provides material for development-related metallurgical testwork, which it considers key to the inclusion of the Valentina Resource in the Costa Fuego combined prefeasibility study (PFS) due in Q1 2023.

“The new drill result represents exceptional near-surface grades, providing an exciting potential additional front-end ore source for the company’s Costa Fuego coastal range copper-gold development,” Hot Chili said in its ASX announcement.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@hotchili.net.au

 

Web: www.hotchili.net.au