(MENAFN- ProactiveInvestors - Australia) Hot Chili's (ASX: HCH) follow on drilling has extended the new wide zone of high grade copper intersected within the central development area of its flagship Productora copper project in Chile.
Significant intersections include:
- 49 metres at 1.1% copper, 0.3 grams per tonne (g/t) gold and 275ppm molybdenum from 116 metres at the top of a broader 134 metre intercept at 0.6% copper, 0.2g/t gold and 202ppm molybdenum; and
- 15 metres at 1% copper, 0.2g/t gold and 258ppm molybdenum at the bottom of a 52 metre at 0.5% copper, 0.1g/t gold and 173ppm molybdenum intercept from 270 metres.
The new zone has not being considered in previous assumptions for preliminary pit optimisations at Productora and has the potential re-shape the planned central pit development.
The latest results also point to a significant resource up-grade within a new lease recently secured in the centre of the project.
Further results are expected with two reverse circulation rigs and one diamond drill rig in the final stages of completing a 40 metre by 80 metre spaced drilling pattern over an 800 metre strike length area within the southern extent of the lease.
A major southern extension to the central resource is now confirmed on every drill line completed with the southern extent of the Lease.
Drilling is also expected to start over the direct northern extension to the central area resource, where earlier first-pass drilling by the company was also successful in recording a very wide shallow drill intersection.
Hot Chilli plans to include this zone within a planned major resource up-grade for Productora once drilling is complete.
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