Hot Rock completes field data acquisition for Longavi Project in Chile

Copper Mine Radomiro Tomic, Region II at Antofagasta, Chile (source: flickr/ matt.hintsa, creative commons)

Alexander Richter 16 Mar 2011

Australian developer Hot Rock Limited (ASX: HRL) announces that “it has successfully completed field data acquisition for an integrated magneto-telluric (MT) / TDEM geophysical field survey at its Longavi Project in Chile. Longavi is one of 6 geothermal prospect areas that HRL holds in Chile, within 12 tenements.

This is the first of a number of MT surveys that HRL will be undertaking at its geothermal prospects in Chile throughout 2011.

The Longavi MT / TDEM survey was undertaken for HRL by a leading geophysics contractor over a prospect area of 200km2, using 3 field crews supported by both helicopter and ground transport. Processing of field data has been completed and modelling and interpretation by HRL and its geophysical consultants is in progress and will be completed within 8 weeks.

HRL is proceeding with a similar geophysical survey at its Calerias Project, commencing 16 March.

Peter Barnett, Managing Director of HRL, who is currently in Chile managing these geophysical programs, has commented as follows:

“This survey is a significant milestone for HRL’s operations in Chile. It represents the final stage of data acquisition in a process of data gathering, interpretation and conceptual modelling which will allow for the evaluation of the suitability of the Longavi prospect for exploration drilling”.

“The Longaví geophysics survey has proceeded very smoothly, on time and to budget, thanks to a combination of a comprehensive survey plan, strong support from local communities and land owners, our teaming with a very well equipped and experienced MT/TDEM geophysics contractor and excellent weather throughout the field program”.

Source: Hot Rock release