HCH 4.46% 75.0¢ hot chili limited

On having a look at past announcements, we have recieved two...

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    On having a look at past announcements, we have recieved two sets of drill results since Last July 2021.
    10.09.21 - Cortadera North Flank Delivers High Grade Extension
    01.10.21 - Cortaderas North Flank Delivers Again- 610m at 0.5% CuEq
    The results previous to this were in June and May.
    16.06.21 - Hot Chili Reports 144m Grading 1.0% CuEq
    18.03.21 - Big 836m Intercept at 0.5% CuEq* at Cortadera

    There may have been some additional results hidden in other announcements, but I cant recall any off the top of my head.

    In the most recent Drill Result announcement from 01.10.21, there are a number of statements that indicate through either visuals or proximity to known drill holes that we are expecting mineralisation.

    "The Northern Flank of Cuerpo 3 remains open with another 80m step-out diamond drill hole underway (CRP0155D), currently at 490m depth and in mineralisation"
    "Results pending for five drill holes from Cuerpo 2 which have visually recorded wide intersections of mineralisation from surface".

    The CRP0155D is a follow up hole to the previous extensional drilling at Cuerpo 3, which recorded .7% CuEq, so I expect this hole to be similar.

    Potentially we are looking at these 6 holes as delivering results, and most likely over the cut off grade (0.2%?)
    The announcement indicated there was 4,946m assays pending, however by now this figure is in excess of 6000m I believe.

    The announcement also makes a statement which we can see in hindsight has not occured, presumably due to the 'blackout period' related to the prospectus?

    "The company plans to continue to building momentum with its activities and newsflow ahead of its dual listing on the TSXV in Q4 this year, with several updates expected from ongoing drilling, exploration and development workstreams."

    Post this statement and announcement we have recieved announcements only relating to the consolidation, preliminary IPO, Prospectus, and TSXV trading / IPO @ 30Million $.
    Last edited by ToastBox: 06/01/22
 
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