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Hot Chili exploit high grade copper at San Antonio

Mining News - Published on Tue, 13 Mar 2018

Image Source: businessnews.com.au
Hot Chili Limited announced that high grade copper production results from lease mining activities at the San Antonio mine, part of the Company’s emerging El Fuego copper project. San Antonio is quickly re-setting the Company’s expectations of size and grade potential with production certificates from lease miners now beginning to indicate potential for continuity of higher grade sulphide copper ore at shallow depths over significant strike extents. In addition, infill soil geochemical results have confirmed and refined several large scale soil geochemical copper anomalies immediately to the south of San Antonio.

San Antonio- Miners Provide Early Indications of Continuity

Hot Chili have received production certificates for various ore parcels recently extracted by lease mining activities (being undertaken under a capped arrangement) at the San Antonio copper mine, part of the El Fuego copper project, located at low altitude (800m) along the coastal range of Chile.

Under the terms of Hot Chili’s 90% JV Option Agreement, the owner is able to lease the exploitation of a maximum of 50,000 tonnes per annum of ore from within the San Antonio mining rights during the four-year option period.

Lease mining activities are currently underway along the southern and northern extents of the San Antonio mine with ore being processed through the nearby state-run Empresa Nacional de Mineria copper processing facility located in the township of Vallenar.

Hot Chili has received new information relating to lease mining being undertaken during the past few months across a 20 meter wide zone located in the upper levels (surface to 40m depth) of the northern extent of San Antonio as shown on Figures 2, 3 and 4.

ENAMI certificates indicate that sulphide ore parcels delivered between November 2017 and February this year ranged in grade between 2.1% and 4.3% copper with a weighted average grade of 3.1% copper being processed.

Source :

Posted By : Rabi Wangkhem on Tue, 13 Mar 2018
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