Join our daily newsletter At The Bell to receive exclusive market insights
- Hot Chili (HCH) files a technical report for its Costa Fuego copper-gold project in Chile to the Canadian securities administrators
- The report supports the recent upgraded mineral resource at the project, announced earlier this year
- The upgraded mineral resource includes a 67 per cent increase in the total indicated resource and 53 per cent increase in the high-grade indicated resource
- Costa Fuego is located 17 kilometres south of the regional township of Vallenar, in the low altitude coastal range belt
- HCH shares are up 2.15 per cent, trading at $1.19 at 12:38 pm AEST
Hot Chili (HCH) has filed, with the Canadian securities administrators, a national instrument 43-101 technical report for its Costa Fuego copper-gold project in Chile.
This announcement follows the recently announced mineral resources upgrade at the project.
The report supports the upgraded mineral resource, which saw a 67 per cent increase in the total indicated resource and 53 per cent increase in the high-grade indicated resource.
Resource growth at the project contains an indicated resource of 471Mt grading 0.46 per cent copper equivalent (CuEq) and an Inferred resource of 108Mt grading 0.35 per cent CuEq (previously 267Mt grading 0.44 per cent CuEq).
The Costa Fuego Project is located 17 kilometres south of the regional township of
Vallenar, in the Atacama region of Chile, in the low altitude coastal range belt.
Costa Fuego comprises the Cortadera, Productora and San Antonio deposits, all of which have updated Mineral Resource Estimates (MRE).
HCH shares were up 2.15 per cent, trading at $1.19 as of 12:38 pm AEST.
