Tag Archives: #CortaderaProject

Green Metals- Copper is the New Oil

Diamond Drilling at Cortadera

Hot Chili (ASX:HCH) is pleased to provide the latest Commodities Research by Goldman Sachs, published 13 April 2021. 

An excerpt from the research is below:

No decarbonisation without copper. After a year of the global pandemic, with its supply chain disruptions, race for PPE, testing kits and vaccines, the critical importance of securing sufficient raw materials in combating society’s problems has never been more in focus. This importance extends to the next greatest challenge of our time: climate change. The critical role copper will play in achieving the Paris climate goals cannot be understated.

To read the research report in full please click on the link below.

Cortadera Copper Project

Cortadera’s maiden Mineral Resource positions Hot Chili with the largest copper Mineral Resource and one of the largest gold Mineral Resources for an ASX-listed emerging company. 

The Cortadera maiden Mineral Resource of 451Mt at 0.46% copper equivalent (CuEq) takes the total Mineral Resource estimate for Costa Fuego (Cortadera, Productora & El Fuego) to 724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum. Cortadera also contains a higher grade component of 104Mt at 0.74% CuEq, and this has strong potential to continue growing rapidly with further drilling.

Hot Chili Limited
Head Office (Perth)
First Floor, 768 Canning Highway,
Applecross, Western Australia 6153

P: 08 9315 9009

Copper Market heading for a severe supply shortage

Diamond Drilling at Cortadera

Hot Chili (ASX:HCH) is pleased to provide the following article taken from “Ahead of the Heard”. The article discusses the future of copper and the fact that the copper market is heading for a severe supply shortage due to a perfect storm of under-exploration/ lack of discovery of new deposits, clashing with a huge increase in demand due to electrification and decarbonization.

Cortadera Copper Project

Cortadera’s maiden Mineral Resource positions Hot Chili with the largest copper Mineral Resource and one of the largest gold Mineral Resources for an ASX-listed emerging company. 

The Cortadera maiden Mineral Resource of 451Mt at 0.46% copper equivalent (CuEq) takes the total Mineral Resource estimate for Costa Fuego (Cortadera, Productora & El Fuego) to 724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum. Cortadera also contains a higher grade component of 104Mt at 0.74% CuEq, and this has strong potential to continue growing rapidly with further drilling.

Hot Chili Limited
Head Office (Perth)
First Floor, 768 Canning Highway,
Applecross, Western Australia 6153

P: 08 9315 9009

4km Long Porphyry Footprint Secured Next Cortadera

Hot Chili Limited (ASX code HCH) (“Hot Chili” or “Company”) is pleased to confirm the addition of an exciting new land holding, named Santiago Z, to the Company’s Costa Fuego copper development in Chile.

The Directors of Hot Chili are pleased with the addition of Santiago Z to its exploration pipeline and the cooperation of its partners in Chile to further consolidate and strengthen the potential scale of the combined Costa Fuego copper development.

Further updates and new assay results from the Company’s 40,000m drilling programme at Cortadera are expected to be released shortly.

Highlights

A new landholding named Santiago Z has been consolidated by Hot Chili, 5km south of its world-class Cortadera copper-gold discovery in Chile
Santiago Z contains a large historical soil molybdenum anomaly that is more than twice the size and four times the tenor of Cortadera’s soil molybdenum footprint
Exploration efforts by Hot Chili over the past 6 months have confirmed Santiago Z as a large-scale copper porphyry footprint, which has never been drill tested
Copper-bearing hydrothermal breccias and porphyry intrusive stocks have been mapped in several locations coincident with the Santiago Z soil molybdenum anomaly
Detailed mapping and geophysics (IP/MT) is planned for the first half of 2021 in advance of first-pass drilling later in 2021
Assay results are pending for a large surface mapping and soil geochemical programme already completed in December and January across Santiago Z


Hot Chili Limited ACN 130 955 725
First Floor, 768 Canning Highway, Applecross, Western Australia 6153
PO Box 1725, Applecross, Western Australia 6953
P: +61 8 9315 9009 
www.hotchili.net.au

Proven and Probable

Hot Chili RIU Explorers Conference Video Presentation

Hot Chili geologist logging Cortadera diamond core

Cortadera Copper Project

Cortadera’s maiden Mineral Resource positions Hot Chili with the largest copper Mineral Resource and one of the largest gold Mineral Resources for an ASX-listed emerging company. 

The Cortadera maiden Mineral Resource of 451Mt at 0.46% copper equivalent (CuEq) takes the total Mineral Resource estimate for Costa Fuego (Cortadera, Productora & El Fuego) to 724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum. Cortadera also contains a higher grade component of 104Mt at 0.74% CuEq, and this has strong potential to continue growing rapidly with further drilling.

Hot Chili Limited
ACN 130 955 725
ASX: HCH
Level 1, 768 Canning Highway, Applecross,
Western Australia 6153
P: +61 8 9315 9009
F: +61 8 9315 5004
www.hotchili.net.au