Hot Chili is looking to ramp up copper production from its emerging Costa Fuego hub in northern Chile as the red metal trades at close to US$10,000 per tonne. The company is already pushing out copper from high-grade lodes at its Productora mine and is now casting an eye over the Cortadera porphyries as it contemplates a larger-scale operation.
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Bastion Minerals (ASX:BMO) discovers copper targets at Chilean project
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Bastion Minerals (BMO) has wrapped up an airborne magnetic survey at its Cometa Copper Project in northern Chile
This survey aimed to map the project s alteration systems to expand them at depth and potentially make new discoveries
Pleasingly, the survey led to Bastion discovering multiple copper targets which will be followed up to help identify future targets
Additionally, Bastion is waiting on assay results from rock chip sampling and geological mapping undertaken at the project
Bastion Minerals shares are up 18.1 per cent to trade at 21.3 cents
Deep probe proves Cortadera a copper monster businessnews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessnews.com.au Daily Mail and Mail on Sunday newspapers.