Australian and Canadian listed company Hot Chili has appointed Dr Nicole Adshead-Bell as the company’s independent, non-executive chairman, following her earlier election to the Board in January. Dr Adshead-Bell brings to the table 25 years of technical and investment banking experience across the capital markets and resource sectors.

Currently residing in Canada and a non-executive director of Toronto-listed Altius Minerals and ASX-listed Matador Mining Dr Adshead-Bell’s career includes roles as Managing Director and CEO of ASX-listed Brazilian gold producer Beadell Resources and Director of Mining Research at Sun Valley Gold, a registered precious metals focused fund.

Hot Chili says it regards her strong experience working within an ESG framework as an important element in assisting the company in its plans to bring forward copper and gold production at their Costa Fuego project in Chile within the next five years.

Dr Adshead-Bell has been involved in numerous public transactions including mergers, acquisitions and divestments and raising approximately C$1.8 billion in equity/convertible debenture finance. More recently she established Cupel Advisory to focus on investments and advisory services in the mining sector.

Previous directorships held by Dr Adshead-Bell include Toronto and New York-listed companies First Majestic Silver and Pretium Resources and Toronto-listed Dalradian Resources.

Hot Chili praised retiring Chairman Murray Black’s contributions during his time at the company since founding Hot Chili in 2008 and leading the company’s transformation from explorer to a significant global copper developer. The company said his financial and drilling services support had been a major contributing factor in rapidly advancing its South American copper project.

I am excited to have been appointed Chairman at a pivotal point in the evolution of Hot Chili. The Company is well positioned to contribute to the de-carbonisation super cycle given the paucity of new copper discoveries combined with a lack of near-term material copper development projects.

Hot Chili’s new Chairman, Dr Nicole Adshead-Bell

Hot Chili’s Costa Fuego copper-gold project in coastal Chile is projected by the company to be in production within five years. The previously published preliminary feasibility study outlines annual production of 100,000 tonnes of copper and 70-80,000 ounces of gold. The company boasts resources of approximately 3 million tonnes of copper and 2.7 million ounces of gold at grades between 0.44 and 0.54 per cent copper equivalent. The Cortadera deposit, one of four, includes a high-grade core of 104 million tonnes grading 0.74 per cent copper equivalent.

Hot Chili says the Costa Fuego project is the world’s largest undeveloped copper resource not controlled by a major mining company.

Dr Adshead-Bell begins as Chairman at an intriguing time for Hot Chili as it pushes towards production. With global mining heavyweight Glencore having recently taken a 10 per cent stake in the company, the new Chairman’s wealth of experience in capital markets and significant transactions could well come in handy.

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Capital markets specialist to Chair Hot Chili

Hot Chili enters a new growth-phase with experienced mining and global capital markets leader Dr Nicole Adshead-Bell accepting an offer as the board’s new chair.

Dr Adshead-Bell, who joined the company as a non-executive director in January, will replace Murray Black following his retirement on 1 March.

She is an executive and a geologist with over 25 years of experience bridging the gap between the technical, corporate, institutional investor and investment banking segments of the business – within an ESG framework.

Besides her new role with Hot Chili (ASX:HCH), Dr Nicole Adshead-Bell is currently a non-executive with Canada’s Altius Minerals and fellow Australian Matador Mining (ASX:MZZ).

No stranger to the hot seat, she was previously the managing director and chief executive officer of Beadell Resources prior to its acquisition by Great Panther Mining.

Dr Adshead-Bell’s experience with funds and investment dealers during her time as director of mining research at Sun Valley Gold, Haywood Securities’ managing director of investment banking, and Dundee Securities’ mining analyst – covering copper, zinc and uranium – will also serve the company as it moves towards developing its Costa Fuego copper-gold project in Chile.

This is demonstrated during her time at Haywood, where she was involved in approximately 20 public transactions including streaming, mergers, acquisitions and divestitures and raising approximately C$1.8bn in equity/convertible debenture financings.

More recently, Dr Adshead-Bell established Cupel Advisory Corp. to provide clients with focus across investments and advisory services in the mining sector.

Dr Adshead-Bell is the new Black

Hot Chili founder Murray Black, who’s also been the company’s chair since its inception in 2008, welcomed Adshead-Bell’s appointment.

“I am pleased the board has appointed Nicole as my successor. Her combination of mining and capital markets expertise is the right mix to grow the company going forward,” he noted.

Dr Adshead-Bell says Hot Chili is well positioned to contribute to the de-carbonisation super cycle given the lack of significant new copper discoveries combined with a lack of near-term material copper development projects.

“I firmly believe Hot Chili will appeal to a broad range of investors as it leverages off its recent Canadian listing,” she explained.

“Particularly as there are few companies with Hot Chili’s combination of commodity mix, project size, project quality, low economic hurdle, location and fit for purpose leadership team.”

Big copper resource

Hot Chili’s Costa Fuego project currently has a resource of 724 million tonnes grading 0.48% copper equivalent resource with the exciting Cortadera discovery accounting for the lion’s share of this at 451Mt at 0.46% copper equivalent.

This is widely considered to be due for further upgrades given the recent confirmation of a new higher-grade core at the main Cuerpo 3 porphyry and ongoing success of drilling – some 52,000m drilled since the Cortadera maiden resource was delivered in October 2020.

Modelling has supported this belief with signs that all the three porphyries at Cortadera are linked with potential for both open pit and underground mining options.

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The hot seat: Hot Chili lands mining and capital markets veteran as new chair

ASX-listed copper explorer Hot Chili has wrapped up drilling at its Cortadera copper-gold porphyry discovery ahead of an imminent resource upgrade for its fast-tracked Chilean project. The company is confident all three of the Cuerpos orebodies are linked to the same footprint. It says the significant extent of the porphyry mineralisation gives it versatile low grade, low-strip ratio sulphide mining options.

Final results from the 2021 drilling program have returned a number of significant intersections from the margins of Cuerpo 2 and Cuerpo 3 at Cortadera.

One hole yielded 927 metres grading 0.3 per cent copper equivalent and 0.1 grams per tonne gold from just 14m depth.

The results mean it now has the confidence to convert some of its resource from inferred to indicated and then progress to a pre-feasibility study, or “PFS”.

We are one of a handful of company’s outside of the majors that are advanced enough to deliver a meaningful new copper mine into production in the next five years.

It takes an average 18 to 21 years to move from discovery to production with large-scale copper projects. The quality of Hot Chili’s Costa Fuego project is evidenced by the speed in which we have advanced the project from discovery to resource delineation to the planned release of an updated PFS.

Hot Chili Managing Director, Christian Easterday

Belief is strong amongst management that the company is well positioned for an anticipated surge in global copper demand given a lack of new copper plays coming to market in the next decade.

Furthermore, Hot Chili still has two diamond drill rigs in operation, completing a number of hydrology and geotechnical test work drill holes. Whilst a further RC rig is working on the Productora Central target, 14 kms from Cortadera. The first assay results from Productora Central are expected to arrive in the coming weeks.

Hot Chili is determined to commission the Cortadera copper gold project in a time frame that would be the envy of major mining houses. At the rate it achieves its milestones, there appear to be dwindling reasons to doubt whether the company can deliver on its promises.

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Hot Chili finishes drilling, aims for resource upgrade

Special Report: Hot Chili’s updated copper models have confirmed the presence of a new higher grade core at the main Cuerpo 3 porphyry and a major increase in resources at Cortadera

Cortadera is already one of the most exciting copper-gold discoveries to be made in recent years and for the final assays from last year’s resource drilling to firm up of the existence of the core – with +0.6% copper – only serves to take things up another notch.

Results such as 927m at 0.3% copper equivalent from a depth of just 14m with a 32m core grading 1% copper equivalent from a depth of 682m (CRP0144D) are expected to contribute to a material expansion of both high grade and bulk tonnage mineralisation at Cortadera once Hot Chili (ASX:HCH) delivers the resource update later this quarter.

This update will include the 52,000m of drilling completed since the maiden resource of 451 million tonnes grading 0.46% copper equivalent was reported in October 2020.

“We are one of a handful of company’s outside of the majors that are advanced enough to deliver a meaningful new copper mine into production in the next five years,” managing director Christian Easterday said.

“It takes an average 18 to 21 years to move from discovery to production with large-scale copper projects. The quality of Hot Chili’s Costa Fuego project is evidenced by the speed in which we have advanced the project from discovery to resource delineation to the planned release of an updated PFS.

“Hot Chili is well positioned ahead of a forecast step-change in global copper demand, combined with a paucity of new copper supply, this decade.”

New model shows Cortadera’s a big one

The copper mineralisation model updated by the company’s geological team indicates that all three Cuerpos are linked, reflecting the significant extent of the porphyry system discovered to date while providing versatile low grade, low-strip ratio sulphide mining options.

It has also delineated an additional high-grade domain within Cuerpo 3 and expanded the +0.3% copper material at Cuerpo 1 and 2 from surface, which provides both open pit and underground mining options.

This model has also confirmed strong vertical and concentric continuity of higher grade mineralisation while delineating new high grade copper oxide mineralisation above each of Cortadera’s three porphyries.

The expanded drilling dataset provides confidence for a material conversion from Inferred to Indicated classification, paving the way for a successful Costa Fuego pre-feasibility study that is due to be released in the third quarter.

No pause in drilling

Hot Chili’s 2022 drill program is continuing with two diamond rigs operating at Cortadera to complete holes for hydrology and geotechnical testwork purposes.

Additionally, a reverse circulation rig is drilling across Productora Central, the first of several large targets to be tested this year.

In addition to targeting a resource upgrade for Costa Fuego in the first quarter, Hot Chili is also looking to sign an off-take agreement with strategic investor Glencore in the next few months.

Under the terms of this agreement the mining giant would purchase 60% of the first eight years of production.

Consensus does not cover this stock.

Based on Morningstar’s fair value of $2.73 (26/05/21) the stock appears Undervalued. Going into lunch today the share price was down -1.31%.

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Big: New higher-grade copper core confirmed at Cortadera

Key Points

• Share price could hit $2.04 to $2.08 range in the next 23 days
• Recent assay results from last year’s drilling work at the Cortadera deposit in Chile
• Hot Chilli has initiated a 20,000-metre drilling program

Based on the standard principles of technical analysis, Trading Central signals indicate that the share price of Hot Chili (ASX: HCH) may rise from yesterday’s close of $1.91 to the range of $2.04 to $2.08 in the next 23 days.

The copper explorer’s share price has inched progressively higher from $1.68 on 12 January, following the release of assay results from last year’s drilling work at the Cortadera deposit in Chile, which the company said expands its potential as an open-pit asset.

Comprising Cuerpo 1, 2 and 3 targets, the Cortadera deposit is located immediately west of Hot Chili’s El Fuego copper deposits – 14 kilometres east of its Productura development – and has a maiden mineral resource estimate of 451 million tonnes at 0.46% copper equivalent.

Wide intersections of copper & gold mineralisation

Initial results from Cuerpo 1 and 2 confirmed wide intersections of copper and gold mineralisation, with some of the best yielding 156 metres at 0.4% copper and 0.1 grams per tonne (g/t) gold from the surface.

Five drill holes have so far returned intercepts in excess of 0.3% copper equivalent mineralisation, and within a noteworthy maximum depth of 36 metres, with the majority less than 10 metres downhole.

Commenting on the recent development, Managing Director Christian Easterday noted:

“It is pleasing to see further growth in Cortadera’s open pit potential with these new drill results and we look forward to announcing further results soon.”

“A resource upgrade this quarter and a combined pre-feasibility study in the third quarter will position Costa Fuego” — the combined Cortadera and Productura deposits — “as a production front-runner in the senior copper development space this year.”

Drilling program

With three of eight RC holes have already been completed, Hot Chili has kicked off its next phase of growth having launched an initial 20,000-metre drilling program that will test several high-priority targets within the Costa Fuego Project.

Easterday noted that all exploration targets – fully-funded for the next 18 months – being tested this year are capable of materially lifting the scale and economics of Costa Fuego even further.

In light of Hot Chili’s aggressive drilling program, investors can expect a pipeline of news from the company as additional results from drilling at Cortadera, and updates regarding a pre-feasibility study for Costa Fuego, plus drilling results from other deposits in Chile become available.

Off-take agreement

In addition to targeting a resource upgrade for Costa Fuego in the first quarter, Hot Chili is also looking to sign an off-take agreement with strategic investor Glencore in the next few months.

Under the terms of this agreement the mining giant would purchase 60% of the first eight years of production.

Consensus does not cover this stock.

Based on Morningstar’s fair value of $2.73 (26/05/21) the stock appears Undervalued. Going into lunch today the share price was down -1.31%.

Hot Chili share price movement over the last six months versus the ASX 200

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Market Index – Hot Chili could nudge higher

Cortadera’s North Flank Delivers Wide Copper Hits

Hot Chili Limited (ASX: HCH) (OTCQB: HHLKF) has unveiled that recent drill results from its Cortadera copper-gold discovery in Chile continue to demonstrate strong resource growth.

Hot Chili’s Resource Development Manager Kirsty Sheerin said the expansion of the main porphyry was very pleasing ahead of the company’s plans to up-grade the maiden 451Mt Cortadera resource. “The North Flank of the high-grade core to the main porphyry has continued to be a significant resource addition,” Sheerin said.

“We have added approximately 170m of width to Cuerpo 3 and hope to extend several other open flanks to the high-grade core by year-end. “We are also continuing to see positive shallow intersections in the current RC drilling program at Cuerpo 2.

“The next resource upgrade at Cortadera will provide a strong basis for the first combined open pit and block cave mining reserve estimate at our growing Costa Fuego copper-gold development.” Cuerpo 3 North Flank Confirmed as Extensive High-Grade Addition

Continued strong results have been reported from extensional resource drilling across the North Flank to the high-grade core of the main porphyry (Cuerpo 3) at Cortadera.

CRP0134D returned an extensive intersection of 610m grading 0.5% CuEq (0.4% copper (Cu), 0.1g/t gold (Au)) from 216m depth down-hole, including 138m grading 0.8% CuEq (0.6% Cu, 0.1g/t Au) from 634m depth.

Importantly, the high-grade results in CRP0134D were recorded at approximately the same vertical depth and lateral to CRP0124D, which recorded 82m grading 1.0% CuEq (0.7% Cu and 0.3g/t Au) within a broader intersection of 362m grading 0.6% CuEq (0.5% Cu, 0.2g/t Au) from 634m depth.

This recent drilling has demonstrated strong continuity of high grade (+0.7% CuEq) mineralisation and extended the North Flank by approximately 170m. A follow-up hole (CRP0155D) is currently underway to extend the North Flank by a further 80m. CRP0155D is currently at 490m depth and is in mineralisation.

Expansion of Shallow Resources at Cortadera

Initial results have been returned for 5 shallow Reverse Circulation (RC) drill holes at Cuerpo 2. The results have extended the boundary of the resource across the southern, eastern and north eastern flanks of Cuerpo 2.

In addition, CRP0139 was drilled in an up-dip position over the Cuerpo 2 resource and has recorded a 42m intersection grading 0.5% CuEq (0.4% Cu, 0.3g/t Au) from 180m depth to end-of-hole, within a broader 222m zone grading 0.3% CuEq (0.2% Cu, 0.1g/t Au) from surface.

The result of CRP0139 has shown an upgrade in both copper and gold from the maiden resource model in this area. Assay results are pending for a further five drill holes which have recorded wide zones of oxide and sulphide mineralisation from surface.

Additional RC drilling is continuing in this area to determine the potential for this shallow mineralisation to extend further.

 Momentum Building Ahead of Canadian TSXV Dual-Listing

Hot Chili is currently the only major copper-gold developer in the America’s that is not listed in Canada. The Company’s low-altitude Costa Fuego copper-gold development in Chile is expected to compare favourably to leading copper-gold developers in Canada, which currently trade at many multiples of Hot Chili’s market capitalisation.

The Company plans to continue building momentum with its activities and news flow ahead of its dual listing on the TSXV in Q4 this year, with several updates expected from ongoing drilling, exploration and development workstreams. Hot Chili is operating five shifts of drilling per day with three drill rigs at Cortadera.

In addition, a fourth drill rig is being sourced to commence drill testing several large-scale growth targets.

Following its dual listing in Canada, Hot Chili aims to release a major resource upgrade from Cortadera followed by the completion of a combined Pre-feasibility study.

These two major milestones will lay the foundation for the company’s transformation into a major copper-gold producer in the coming years.

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The Assay – Hot Chili Warming Up In Chile

Improved Moly Returns In Latest XRF Results

Hot Chili Limited (ASX:HCH) says evidence is building toward the potential for the Cortadera project to be part of larger regional copper porphyry cluster on the Chilean coastal range.

New soil results and mapping have confirmed a large copper porphyry footprint measuring over 4km in length and 2km in width at the Santiago Z landholding, located immediately south of Cortadera.

Santiago Z contains a large historical XRF soil molybdenum anomaly that is twice the size and four times the tenor of the soil molybdenum anomaly related to the Cortadera copper-gold porphyry discovery.

Soil assays confirm stronger molybdenum results than first outlined in earlier XRF molybdenum results as well as enrichment in copper, gold and silver (Cortadera metal signature).

Other element zonation patterns provide confidence in the presence of a potentially large copper porphyry system at depth.

Mapping by Hot Chili has recognised several areas of outcropping copper-bearing hydrothermal breccia at Santiago Z.

In addition, a review of detailed historical mapping at Santiago Z has highlighted the presence of a corridor of porphyries (91-96Ma) with similar age to Cortadera, recently dated by Hot Chili as a Late Cretaceous porphyry (92Ma +/- 2Ma).

Further detailed mapping will focus across the corridor of hydrothermal brecciation and porphyries which have intruded the shallowly dipping local volcano-sedimentary sequence, similar to the Cortadera porphyry deposit setting.

A review of historical geophysical datasets across Santiago Z is underway and the Company is planning a programme of extensional soil geochemistry and detailed mapping as its next steps in advance of first-pass drilling later this year.

Hot Chili is advancing well with its 40,000m drill programme at Cortadera with three rill rigs in operation.

New drill results are being compiled for release (including CRP0046D) and the company expects to provide an update on drilling activities next week.

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The Assay – Hot Chilli Confirms Second Large Copper Porphyry System At Cortadera

Hot Chili Limited (ASX: HCH) is confident that extensional drilling at the Cortadera copper-gold discovery is on-track to deliver a significant upgrade to the company’s combined Costa Fuego copper-gold resource in Chile.

Costa Fuego’s combined resource base sits at 724Mt grading 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz silver and 64kt molybdenum and is being expanded toward a Tier-1 copper resource (+5Mt copper).

New results for CRP0046D and confirmation of a further two wide visual intersections (assays pending for CRD0080 and CRP0047D) continue Cortadera’s run of strong resource extensions.

Hot Chili has now achieved eight significant extensional diamond drill intersections since Cortadera’s maiden resource was announced in October last year.

Two diamond drill rigs are operating on a 24-hr basis to complete a large resource expansion drill programme across Cortadera this year.

New results for drill hole CRP0046D have returned two significant intersections comprising 114m grading 0.5% copper and 0.2g/t gold from 248m depth and 185m grading 0.5% copper and 0.2g/t gold from 568m depth down-hole. The two higher grade intersections were contained within a broader drill result of 838m grading 0.3% copper and 0.1g/t gold from 140m depth

Managing Director, Christian Easterday, noted that importantly, the two higher grade intersections in CRP0046D were recorded in areas previously modelled as low grade within the main porphyry (Cuerpo 3) of the Cortadera resource.

Results are pending for two wide visual intersections of porphyry mineralisationrecorded in CRD0080 (between 550m and 1,100m depth) and CRP0047D (between 720m and 920m depth) across extensions to the high-grade core at Cortadera’s main porphyry.

Both zones of mineralised porphyry comprise visual estimates of 0.5% – 2.5% chalcopyrite contained as fine dissemination and in association with 2% to 8% B-vein abundance. Visual estimates of sulphide minerals are not an accurate representation of expected assay value and are provided for indicative purposes only.

Mr Easterday said these latest results add to the high-grade zone recently recorded in CRP0061D (318m grading 0.6% copper and 0.2g/t gold) and continue to confirm growth of higher grade, bulk tonnage, resources at Cortadera.

Meanwhile, first diamond drill testing by Hot Chili below Cuerpo 1 has commenced and diamond drilling is continuing across Cuerpo 3.

The company is also successfully its Reverse Circulation (RC) drill programme at Cortadera and Cortadera North.

A total of eight first-pass RC drill holes are complete across the large Cortadera North target, located 2km north of Cortadera. An additional three RC drill holes remain to be drilled and the Company expects to report results once all assays have been received and compiled.

Multielement pathfinder results will be key to determining potential areas for second-pass diamond drill hole tails and RC follow-up drilling at Cortadera North.

In addition, several shallow significant intersections have been recorded from preliminary RC drill holes across Cuerpo 1 at Cortadera, including 36m grading 0.4% copper and 0.1g/t gold from surface (including 10m grading 0.7% copper and 0.2g/t gold from 24m) and 22m grading 0.5% copper and 0.1g/t gold from surface.

Further RC drilling is planned to extend areas of shallow higher-grade copper and gold at Cuerpo 1.

The company looks forward to providing further drill results and operational updates from its rapidly advancing Costa Fuego copper development in Chile.

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The Assay – Hot Chili Warming Up In Chile

Company Seeking Greenfield Discoveries At Cape Ray

Matador Mining Limited (ASX: MZZ) has appointed Warren Potma as its new full-time Exploration Manager as it looks top grow its Cape Ray Gold Project in Newfoundland, Canada.

Mr Potma is a highly experienced exploration manager, with a successful career spanning over 25 years. He was most recently Principal Geologist for CSA Global, where he provided specialist consulting services to exploration and mining companies across four continents, contributing to significant mineral resource growth and exploration success through maximising the value of, and integration of, large complex geological datasets.

Prior to his time at CSA Global, Mr Potma was Exploration Manager for Hot Chili Limited, an ASX listed company with a portfolio of projects in Chile. During his tenure with Hot Chili, the exploration team delivered a 250% increase in the Productora project’s global Mineral Resource (Cu-Au-Mo), made the maiden porphyry copper discovery for the project (Alice Deposit) and delineated an eight km long porphyry alteration system.

While at Hot Chili, the team also defined a maiden Ore Reserve and provided the geological and geometallurgical inputs required for the Productora Pre- Feasibility Study. Prior to this, Warren held the position of Exploration Manager for Silver Swan Group/Caravel Minerals, which followed eight years with the CSIRO where he led the Mineral Systems and Targeting applied research stream that focused on developing and applying exploration technologies and methodologies across the Australian exploration and mining sector.

He holds a Master’s in structural geology from Monash University, and is a member of both the Australian Institute of Geoscientists and the Australian Institute of Mining and Metallurgy.

“Whilst the Cape Ray Project is host to an existing high-grade mineral resource with excellent potential for expansion along strike, it is the opportunity for significant greenfield discoveries along the under explored Cape Ray Shear Zone that attracted me to Matador,” Mr Potma said.

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The Assay – Matador Appoints Highly Experienced Exploration Manager

Another Record Step-Out Drilling Result In Chile

Hot Chili Limited (ASX: HCH) has announced another record drill result and another large boost to the scale of its rapidly emerging Cortadera copper-gold porphyry discovery in Chile.

The new result from Diamond (DD) drill hole CRP0040D recorded a 542m intersection grading 0.5% copper and 0.2g/t gold from 422m depth down-hole, which included a wide higher-grade zone of 218m grading 0.7% copper and 0.2g/t gold.

It is Hot Chili’s sixth record drill result delivered at Cortadera since July last year, and importantly, it has significantly extended the strike length of the largest porphyry discovered to date – Cuerpo 3 – by a further 100m.

Managing Director Christian Easterday said the bulk tonnage high grade core discovered at Cuerpo 3 is continuing to expand in size and importance as a key value driver in the development potential of Cortadera.

Mr Easterday also reported that owing to restrictions on travel and the company’s own duty of care to its personnel, Hot Chili have temporarily suspended all drilling, clearing and exploration operational activities in Chile.

He said the company will utilise this time as an opportunity to accelerate its preparations towards the estimation of a significant first resource for the Cortadera discovery.

Prior to operational shutdown, the company had drilled its next expansion DD hole to a depth of 616m down-hole. The 250m step-out hole is designed to test the southern extension of Cuerpo 3 at depth. The hole was temporarily suspended in mineralised porphyry, having intersected mineralised skarn and mineralised porphyry dykes from a depth of approximately 480m down-hole.

The hole is planned to be completed to a depth of 1,200m upon re-commencement of drilling. In addition, Hot Chili have completed two deep Reverse Circulation (RC) pre-collars across the Cuerpo 3 North target, located 500m north of the main porphyry.

Both holes intersected wide zones of skarn alteration in association with strong pyrite mineralisation above the position of a large coincident chargeability and conductivity geophysical anomaly. Diamond drill tails are planned to extend both holes at depth and further four deep RC holes are also planned.

Results are expected to be received in the coming weeks, subject to reduced turn-around time from laboratories.

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The Assay – Hot Chili Feeling Spicy In South America