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Hot Chili nails further wide, shallow copper-gold hits in Chile

Hot Chili has served up another encouraging drill update from its rapidly growing La Verde copper-gold discovery in Chile, with the latest results continuing to expand what is emerging as a substantial, high-grade porphyry system just 30 kilometres from the company’s flagship Costa Fuego project.

The company’s third reported diamond drillhole from its phase two program returned a whopping 495 metres grading 0.38 per cent copper and 0.10 grams per tonne (g/t) gold from just 3 metres depth. This included a higher-grade 123-metre interval running 0.50 per cent copper and 0.13g/t gold. The sheer scale and continuity of mineralisation from near surface reinforces La Verde’s credentials as a potential source of bulk-tonnage open-pit feed.

A second diamond hole also delivered strong results, intersecting a blistering 426m at 0.37 per cent copper and 0.08g/t gold from 194 metres depth. Within that interval, Hot Chili reported multiple higher-grade zones, including 107m grading 0.46 per cent copper and 52m grading 0.50 per cent copper.

Importantly, both holes ended in copper-gold mineralisation, highlighting clear potential for further growth at depth.

Drilling has restarted following a short holiday pause, with assays still pending for six additional holes, including two that visually logged broad zones of strong copper porphyry-style mineralisation from shallow depths.

Management says the results confirm the ongoing expansion of La Verde’s high-grade core underscores the discovery’s strategic importance to Hot Chili’s Costa Fuego operations, which the company plans to use as a central processing hub in Chile’s coastal Atacama region.

Hot Chili is delighted to report these compelling assay results from La Verde, with more expected soon. Against a strong backdrop of record copper and gold prices, the reporting of wide, near-surface, copper-gold intercepts from a new major discovery underscores the strategic significance of La Verde to Hot Chili.