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Hot Chili expands its Costa Fuego copper hub in Chile

Published by , Editorial Assistant
Global Mining Review,


Hot Chili Limited has announced that it has entered into Option Agreements to acquire 100% interest in two historical copper mine areas; Marsellesa and Cordillera, located near Hot Chili’s Costa Fuego Copper-Gold Project in the coastal range of the Atacama Region, Chile.

Marsellesa and Cordillera are located approximately 10 km southwest of Costa Fuego’s planned central processing hub.

Both mine areas have been privately held and historically exploited for shallow copper oxide and copper sulphide material but have never previously been drill tested.

The Marsellesa mine area is laterally extensive, measuring 400 m in length and 200 m in width, with mine workings exposing multiple zones of shallowly-dipping, strata-bound (manto-style), copper mineralisation.

Lying approximately 1 km west of Marsellesa, the smaller Cordillera mine workings expose outcropping porphyry copper mineralisation with well-developed stockwork and sheeted A and B style porphyry veining.

First-pass Reverse Circulation (RC) drilling is planned to commence at Marsellesa and Cordillera in the coming week, following completion of drilling at the company’s Corroteo exploration target, located 5 km southeast of the Cortadera porphyry copper-gold deposit.

These latest project additions, including the Cometa project, provide a pipeline of opportunities and additional optionality for the discovery of new mineral resources for the company’s Costa Fuego copper hub.

Hot Chili continues to pursue further regional consolidation as the company advances its growth strategy for Costa Fuego.

Read the article online at: https://www.globalminingreview.com/mining/17112023/hot-chili-expands-its-costa-fuego-copper-hub-in-chile/

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Copper mining news South American mining news