HCH 0.64% 79.0¢ hot chili limited

Ann: 3m grading 11.8% Copper & 53g/t Silver at Valentina, page-399

  1. 3,113 Posts.
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    Over the last 15 or so days, to Sept 5, the rig has completed (interpretation, but very likely) holes 5, 4 and moved onto 3 where it is probably still drilling.

    This leaves one prepared site, #6, to show definitive drilling activity. There is a subtle hint this may have happened in July but try as I might it is not clear from the cloud restricted imagery of that time.

    This time frame is long for 3 RC holes (IMO) so as per @ Big Kahuna stated: my understanding is that they are deep holes and multiple holes per pad

    Current interpretation.

    https://hotcopper.com.au/data/attachments/4656/4656967-78997183c5d1c9fe2cdf0bda3686fa28.jpg


    Time lapse imagery to show how this latest interp is possible.

    https://hotcopper.com.au/data/attachments/4656/4656984-1e67a7e8a74f045c10a7f42a2246af32.jpg

    HCH will probably be exercising tight budgetary control which means only very good results would warrant additional drilling at the moment. Hopefully there will be a few new sites showing up.

    From what I understand of the Chilean permitting system for drilling a new application may be needed if contingency holes were not included in the original proposal. If none, back to square 1 and a lengthy process....perhaps.

    Last edited by salpetie: 07/09/22
 
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