Chile , Argentina , Peru and Brazil
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Junior exploration roundup: Hot Chili, Beadell, U3O8, Santa Barbara

Bnamericas Published: Tuesday, November 12, 2013

Australia's Hot Chili (ASX: HCH) reported a resource upgrade at its flagship Productora copper project in Chile following strong results at the Habanero high grade copper-gold discovery in the Productora property.

Results include 35m at 1.2% copper and 0.2g/t gold within a broader intersection of 79m at 0.8% copper and 0.1g/t gold, a press release reads.

The 2013 drilling campaign is expected to cease in mid-December, while further resource extensional drilling is expected to commence in early 2014.

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Australia's Beadell Resources (BDR) reported drill results from the Duckhead open pit oxide gold deposit at its 100%-owned Tucano gold mine in Brazil.

Infill drilling identified a new zone of mineralization, where an RC drill hole intersected 24m at 14.6g/t gold, Including 1m at 50.8g/t gold. Additional results include 20m at 75.8g/t at a drill hole from the main lode, according to a company statement.

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Toronto-based U3O8 (TSX: UWE) announced in a release the discovery of an entirely new mineralized area with the highest uranium-vanadium grades found to date in the Laguna Salada district in Argentina's Chubut province.

The company is finalizing a definitive agreement to partner with state miner Petrominera Chubut in order to develop the Laguna Salada project, and completing the preliminary economic assessment, said U308 president and CEO Richard Spencer.

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Vancouver's Santa Barbara Resources (TSX-V: SBL) reported results from 27 holes drilled on the Sancos project in Peru. Highlights include 50m at 1.1g/t gold, including 24m at 1.71g/t gold at shallow depth, according to a release.

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