Hot Chili Drilling Expands High-Grade Core at La Verde Copper-Gold Discovery

The latest announcement is out from Hot Chili Limited ( (AU:HCH) ).

Hot Chili has reported further encouraging drilling results from its La Verde copper-gold discovery, about 30 kilometres south of its planned Costa Fuego processing hub in Chile’s Atacama region. Recent work points to continued growth of La Verde’s high-grade core and stronger confidence in the continuity of higher-grade mineralisation close to surface.

A new diamond hole on the eastern flank has visually intersected about 180 metres of chalcopyrite-rich, porphyry-style copper mineralisation, extending the high-grade core by roughly 175 metres and suggesting the deposit remains open. Reverse circulation drilling beneath a historical waste dump has also returned wide visual zones of strong near-surface mineralisation, enhancing the potential for a higher-grade starter pit.

Assay results from diamond hole DKD040 confirm better-than-expected copper-equivalent grades in an area previously modelled as lower grade, indicating potential upside for La Verde’s resource model. With assays pending for 14 additional holes and a third drill rig set to start, the campaign could materially upgrade the scale and quality of La Verde within Hot Chili’s broader Costa Fuego development plans.

More about Hot Chili Limited

Hot Chili Limited is an Australian-listed copper and gold exploration and development company with shares trading on the ASX, TSXV and OTCQX exchanges. The company focuses on large-scale porphyry copper-gold systems in Chile’s coastal Atacama region, anchored by its Costa Fuego project and the nearby La Verde discovery, which is being advanced as part of a central processing hub strategy.

Average Trading Volume: 625,391

Technical Sentiment Signal: Buy

Current Market Cap: A$381.1M

For an in-depth examination of HCH stock, go to TipRanks’ Overview page.