Hot Chili Announces Strong La Verde Drilling Results
Key points
- La Verde emerging as cornerstone asset for Costa Fuego project
- Recent drilling results strengthen significance of La Verde
- Assay results pending for additional drillholes
- Maiden Mineral Resource Estimate expected later this year
Full summary
Hot Chili Ltd has reported significant drilling results from its La Verde porphyry discovery, located 30 km south of the Costa Fuego copper-gold project in Chile. The latest Reverse Circulation (RC) and Diamond (DD) drilling results continue to highlight the potential of La Verde as a cornerstone asset for the Costa Fuego project. Notably, RC drill holes DKP053, DKP054, DKP056, and DKP058 have returned high-grade mineralisation from shallow depths, further expanding the footprint of near-surface higher-grade mineralisation. Assay results are pending for additional drill holes, and the company expects to release a maiden Mineral Resource Estimate for La Verde later this year, followed by a revised Pre-Feasibility Study for Costa Fuego.
Guidance
Maiden Mineral Resource Estimate for La Verde expected later this year
Outlook
Hot Chili anticipates that La Verde's integration will significantly enhance Costa Fuego's financial metrics and global standing.
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