HCH 1.18% 84.0¢ hot chili limited

Maiden resource, page-41

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    https://hotcopper.com.au/data/attachments/2405/2405964-633e8c2132491103d9653c558ed7be16.jpg

    Should I post this.?
    Just gives a hint of what may be in Cuerpo 3 and doesn't seem too unreasonable as an order of magnitude estimate given the announced drill plans and sections.

    https://hotcopper.com.au/data/attachments/2405/2405973-2b70060b0d8d87559f84a2f5810b20a4.jpg
    In plan view the 0.1 % Cu shell covers nearly the entire 500x700m. At 0.3% Cu Eq 50% plus of this area would be an estimate.

    Long Section is pretty much the same.
    https://hotcopper.com.au/data/attachments/2405/2405986-3bcde0dbcaf79e30022c671bc2bba931.jpg
    HIGH GRADE
    Using Cascabel's high grade core as an example, some 15% (or in this case probably more - but to be conservative? 15%) of the total volume could be attributed to the higher grade zone in Cuerpo 3 at Cortadera.

    Combining the high and low grade suggests an initial conservative estimate of 2-2.5Mt Cu Eq. within 4-500 Mt grading <=0.5% Cu Eq.

    This is just playing around for weekend amusement.

    Obvious incremental tons in Cuerpos 1,2 and 4 where follow up drilling is required. Low priority at present?

    Other targets Cortadera North and Cuerpo 3 North tantalise.

    ==================
    These multiple targets will all need to be well mineralised to put Cortadera into the league of Escondida which is also a series of related deposits with total resources in the 10+- Bt (?how big. Portergeoscience - Escondida gives a hint but figures are dated)

    To put Escondida into context with Cortadera:
    https://hotcopper.com.au/data/attachments/2406/2406026-92e464ecf89be43bb8cb130de7965a8a.jpg

    2019 grades at Escondida appear to be around 0.6+% Cu with no significant gold in multi billion tons of Measured/indicated and no mention of inferred. Production rate is 1.2 Mt or so of refined copper per year. Resource estimate above gone in 2 years!https://hotcopper.com.au/data/attachments/2406/2406034-04b6d705091ec90a4e1351b0e6faa6bb.jpg

    Google Earth view Escondida.

    https://hotcopper.com.au/data/attachments/2406/2406041-c1a0b33ddc3633e6142b7c7b203a4b55.jpg

    ============
    Cortadera may not be in quite the same league as Escondida but if the drilling at Cuerpo 3 continues to prove up an economically viable deposit and the surrounding zones kick in as well then who knows.

    Enough play for this weekend.

    Hopefully CE and crew will deliver something well exceeding the wild estimate above.








 
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