A Giant Copper - Gold Porphyry Story, Chile
Coffee with Samso Episode 32 with Christian Easterday, Managing Director of Hot Chili Limited (ASX: HCH)
The land of giant porphyry deposits is one that is hard to visualise when you have not worked in that particular style of geology. Most Australian geologist will never work in that environment. However, I will not be surprised to be challenged for stating that as I have only worked in two states of Australia. Porphyry Copper-Gold deposits are frequently found in the Andes of South America, especially in Chile. Christian Easterday, the Managing Director of Hot Chili Limited (ASX: HCH), has been working in that area for over ten years and this is why the company potentially has one of the largest porphyry deposits discovered in recent times.
A classic David and Goliath story of a small-cap company, on the Australian Stock Exchange (ASX) with a market capitalisation of AUD$40M, with a project that respectfully should be developed by a Tier 1 company with a market capitalisation of billions. The discovery last year of a massive intercept of 622m of 0.6% copper and 0.2g/t gold is testament to what this project should become in future.
The repetition of such great mineralisation drill results supports the excitement that Christian portrays in the conversation that lasted for over 48 minutes. Watch how Christian dissects the journey of the company and what is in store for a more significant story.
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