Kesselrun Resources Ltd. (TSX.V: KES | OTC: KSRRF) is a Thunder Bay, Ontario-based mineral exploration company focused on growth through property acquisitions and discoveries. Kesselrun’s management team possesses strong geological and exploration experience with particular expertise in Northwestern Ontario, an emerging prolific gold district.
Peter Dickie, President and CEO for Huntsman, commented, “The final holes of Phase I are now complete. Hundreds of samples have been submitted to the lab for assays, and many more will follow. Due to the encouraging field analysis conducted by our expert team, we have already commenced the planning for Phase II of the drill program. We look forward to sharing further updates as results come in, including assays, and data and analysis from our property-wide survey activity.”
For more information, please contact 1-855-584-0160 or firstname.lastname@example.org.
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.
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
About Skyharbour Resources Ltd.:
Skyharbour holds an extensive portfolio of uranium and thorium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with six drill-ready projects. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced stage uranium exploration property with high grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres.
Skyharbour has and option agreement with Orano Canada Inc. and a joint venture agreement with Azincourt Energy. Orano can earn in up to 70% of the Preston and Azincourt recently earned in 70% of the East Preston Project, respectively, through a combined $9,800,000 in total exploration expenditures, as well as $1,700,000 in total cash payments and Azincourt shares. Preston and Preston East are large, geologically prospective properties proximal to Fission Uranium’s Triple R deposit as well as NexGen Energy’s Arrow deposit.
The Company owns a 100% interest in the South Falcon Uranium Project on the eastern perimeter of the Basin which contains a NI 43-101 inferred resource totaling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%. Skyharbour has signed a Definitive Agreement with Australian company Pitchblende Energy, which is being acquired by ASX-listed Valor Resources, on the North Falcon Uranium Project whereby Pitchblende can earn-in 80% of the project through $3,500,000 in total exploration expenditures, $475,000 in total cash payments over three years and an initial share issuance.
Corporate Development and Communications
Skyharbour Resources Ltd.
Toll Free: 800-567-8181
Hot Chili Limited
Head Office (Perth)
First Floor, 768 Canning Highway,
Applecross, Western Australia 6153
P: 08 9315 9009
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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.