El Fuego area Exploration, page-257

Hi @Toastbox and others.

I am watching but cloud cover on sentinel is high so not much imagery.

HCH has been under so many clouds of late that my patience has worn thin and I took a loss on part to move to currently greener pastures. This is usually a good sign (for any who hold) as I often look in hindsight to find the choice to switch was poorly timed.
Done is done and will hold the remainder hoping the vast promise HCH has will eventually be realised.

Santiago Z most recent available imagery.



Two holes almost certainly drilled over the last 20 days or so. Some subtle changes at what I have called SZ6 and 3 sites that may be drill related.





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I have found it difficult to define site preparation and drilling at San Antonio and Valentina from Sentinel. Hence no comments.

Drill results from Valentina have coincided with a different market sentiment which makes it appear they are, in part, responsible for the price rise. From an exploration geos perspective I view oxide Cu results with a lot of caution. These very high grade copper results from Valentina, while nice, need to be proven to be part of large volumes and extending to depth into the sulphide zone with good widths and continuity. Some of this is shaping up at Valentina and probably San Antonio. Whether this will match the sheer volumes (albeit at lower grade) already known at Cortadera and Productora remains to be seen.

[I have generally avoided Li stocks for similar reasons to my 'prejudice' about oxide copper so DYOR]
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@apmcrx asked a question about why go to Cortadera instead of drilling out SA and Val back in 2018. IMO both of these (and Lulu/Frontera and probably a string of other projects that didn't make the cut) don't obviously meet the criteria to approach a Tier 1 multi decade deposit even at this early stage of exploration.

The post @ToastBox referred to is above with this link.

Cortadera, while a wild card, IMO did have that potential based on the limited hits by early Carola Holes (see partial? selection below).

	HOLE #	E	N	RL	TD m	AZIMUTH	DIP	FROM	TO	INTERVAL	Cu	M%	Au	CUERPO
1	FD0032	336014	6813545	1027	1086	90	65	124	360	236	0.4	94.4	0.1	CUERPO 3
2	FD023	336007	6813548	1027	1007	48	65	62	926	864	0.4	345.6	0.1	CUERPO 3
3	FD016	336256	6813778	1043	767	227	65	276	682	406	0.4	162.4	0.2	CUERPO 3
4	FD017	336305	6813537	1035	599	227	65	186	378	192	0.4	76.8	0.2	CUERPO 3

Follow up drilling at C3 by HCH hit world class intercepts with lesser results at the other Cuerpos which showed Carola drilling had tagged a significant system by 2012.

HCH as the 4th or 5th or ?th reaped the reward of recognising what previous explorers hadn't grasped fully. A common tale in exploration.

The resources will grow at Cortadera, Productora, Valentina and perhaps SA and Alice. How much? Unlikely to be huge but significant for Cortadera (likely to be bulk UG tonnes), the rest modest except perhaps Valentina (though minor by comparison with Cort/Prod.) Pure Arm waving don't take too seriously.

Drilling at SZ is a wild card to the denizens of HC but the rig geos and thus management will have visuals with some back up PXRF results already IMO.