Exploration
Subscribe to our mailing list
Exploration – Overview
The Company is constantly progressing targets that show potential, as well as identifying and acquiring new project opportunities. In all cases, the primary exploration objective of the Company is to continue to add to its resource base and build on previous successes at Productora and Cortadera, and more recently at La Verde.
La Verde
Hot Chili announced the discovery of a significant copper-gold mineralised porphyry system at La Verde in December 2024. The La Verde discovery is located 35 km, or 50km by road from the planned Productora processing facility.
Wide, shallow mineralisation at La Verde currently extends over a 1000 m x 750 m footprint and remains open in all directions. Gravel cover masks a potentially much larger system with a number of geophysical targets to be tested. Importantly, multiple distinct higher-grade centres have been confirmed from near surface.
Depth potential also remains with near surface mineralisation extending to more than 300 m below surface
Priority Regional Targets
The Domeyko Cluster, within the historic Domeyko mining district, is located 30 km SE of the Productora deposit. Historic copper-gold mining in the Domeyko area largely exploited oxide mineralisation with very limited exploration undertaken for copper sulphide mineralisation. This is partly due to the gravel cover which is present over much of the region and to the lack of consolidated ownership of the tenement package.
Mapping and soil sampling across the Domeyko cluster is ongoing, and a regional ground magnetic survey has been conducted. This work has helped define a series of targets which will be further refined by follow up planned geophysical programs and the use of artificial intelligence (in the form of machine learning algorithms) on the data sets.
The integration of a 3D magnetic inversion model from ground magnetic data has been used to identify three look-alike magnetic features, which highlight the potential for a district scale porphyry cluster surrounding La Verde. Application of Machine Learning probability models on soil geochemistry across Domeyko has also defined an area of interest approximately 1 km to the north-east of La Verde which, importantly, overlaps one of the magnetic-low features defined by the 3D magnetic inversion model (Announcement “District-Scale Porphyry Cluster Potential Emerging at La Verde Cu-Au Discovery” 29th May 2025).
