Hot Chili Confirms LaVerde Copper-Gold Porphyry Discovery

THE DRILL SERGEANT: Hot Chili (ASX: HCH) declared confirmation of a copper-gold porphyry discovery at the La Verde copper-gold discovery near the company’s Costa Fuego copper-gold project in Chile.

Hot Chili made the announcement on the back of results received from recent drilling activity that resulted in completion of 19 RC drill holes, 12 of which assay results were reported confirming what the company described as “a major copper-gold porphyry discovery in Chile’s coastal range”.

“La Verde is shaping up as Hot Chili’s next major copper-gold discovery, with the potential to significantly lift the scale of our Costa Fuego project,” Hot Chili managing director Christian Easterday said in the company’s ASX announcement.

“With primary copper supply declining, copper and gold prices rallying, and a PFS on each of our planned businesses (copper-gold and water) nearing completion – momentum is building fast.

“Following in the footsteps of our successes at Cortadera and Productora, we’ve secured full control of La Verde after years of strategic consolidation, finally allowing us unrestricted access to test this historically overlooked porphyry system.

“Drill results have exceeded expectations, revealing a much larger porphyry system than first recognized, with broad, consistent copper-gold mineralisation extending from shallow depths and largely hidden below shallow gravel cover.

“This discovery has all the signs of becoming our third bulk-tonnage, copper-gold deposit, and is open in all directions and growing fast.

“We’re also preparing to deploy AI-powered exploration to fast-track our nearby exploration growth pipeline, leveraging 16 years of expertise in Chile.

“With La Verde’s scale potential and the Costa Fuego copper-gold hub expanding, we’re at a major inflection point in Hot Chili’s growth story.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE