HCH 1.88% 78.5¢ hot chili limited

Ann: Next Phase of Copper-Gold Growth Begins, page-56

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  1. 3,192 Posts.
    lightbulb Created with Sketch. 8910

    Some analysis of the recent announcement.

    https://hotcopper.com.au/data/attachments/4985/4985454-dc2bf358f076acafcd69679062fadfad.jpg
    Rigs on the ground but haven't started drilling IMO so azimuth and dips could change from the directions in the photo. Took awhile to orient this photo but there are a couple of distinct features suggesting it is taken from the west bank of the drainage towards the SE. The rubble slide highlighted is one of the more obvious features. The rig in the foreground is close to the most recent active drainage - doesn't match Google Earth well.
    The masts may give the dip holes are to be drilled at. Rigs are at roughly right angles to each other.
    Looks like a cyclone system on the near rig and no obvious sump - RC?? Tent set up for 24/7 drilling at the other so perhaps the diamond rig. Doesn't really matter.

    Sentinel imagery for the area:

    Time lapse to 18/1/23 shows two dark spots (red diamonds) and a few white areas which may be site preparation or visual artifacts (Green diamonds).

    https://hotcopper.com.au/data/attachments/4985/4985474-15885e2f4aaca4141f7b676438b2c113.jpg

    Sentinel 18/1

    https://hotcopper.com.au/data/attachments/4985/4985480-02a5451faaac528e198111b3bc76739c.jpg

    Transposing to Google Earth and compiling with AMSA data plus some interp from HCH's photo.

    https://hotcopper.com.au/data/attachments/4985/4985482-e129ab01a58c8e225765d64098741fe9.jpg

    Cuerpo 4 - AMSA target 1 - historical assay results:

    https://hotcopper.com.au/data/attachments/4985/4985495-b47987678aca033def7356dd187a9079.jpg
    Yellow and purple used to show rough surface projections of these results.

    Sentinel interp sites close for one of the holes to original holes 2 and 3.
    Original 4 matches one of the interp site prep and a hole drilled at azimuth 315 NW would make sense given results in COR-3.

    The two sites that appear to be drilling as of ~13-18th may be testing along the light blue lines shown. No grade apparent in holes along strike and underneath so extensional testing or some geophysical target?

    Target 1/Cuerpo 4 is some 500m long by 250m wide (possibly open on strike N/S though more? restricted by outcrop E/W). A large area which may need a lot of drilling to test properly.

    Good to see 23 get off with some drilling.


    Last edited by salpetie: 20/01/23
 
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