Hot Chili (ASX: HCH) has commenced diamond drilling at its Productora project in Chile aimed at reporting first resources by late in the second quarter of 2011.
The company has also received further strong drilling results with first pass 16,000 metre reverse circulation (RC) drilling recording wide zones of multi‐commodity mineralisation over 2.5km that remains open along strike.
Results include:
- 58 meters at 0.7% Copper from 96m down-hole including 16m grading 1.0% Copper;
- 28m at 0.9% Copper from 96m down-hole including 14m grading 1.2% Copper; and
- 30m at 0.8% Copper from 96m down-hole including 8m grading 1.4% Copper.
Recent surface drilling undertaken within the central area of Productora has also had significant intersections in 22 of the first 23 RC drill holes, further confirming the continuity and robust nature of mineralisation being delineated at the project.
Wide zones of breccia hosted copper, molybdenum, gold, uranium and cobalt mineralisation have been recorded over 1.4km within the central area, the focus for the company’s preliminary resources at Productora.
A new diamond drill rig arrived on‐site with drilling initially focussed on the completion of 18 diamond tail extensions to existing RC holes which have all ended in significant mineralisation.
The company already has two RC rigs and is working towards securing two additional RC drill rigs to assist in completing the resource in‐fill RC drilling programme at Productora.
Two drill rigs are scheduled to commence drilling at the company’s other advanced project Los Mantos within the coming fortnight looking to confirm the grade and widths of substantial copper‐gold mantos zones.