Key points
- DKP063 returned 62 m grading 0.91% CuEq from 20 m depth
- La Verde results support integration into Costa Fuego Project
- Maiden Mineral Resource Estimate targeted for completion this year
Full summary
Hot Chili Ltd has announced another set of high-grade drill results from its La Verde Cu-Au porphyry discovery, located 30 km south of the Costa Fuego Cu-Au Project in Chile. The latest drilling highlights include DKP063, which returned 398 m grading 0.45% CuEq from surface, including 62 m grading 0.91% CuEq from 20 m depth. The results support the continuity of wide mineralised zones across the deposit and the potential for a high-grade starter pit for Costa Fuego. Hot Chili is advancing towards a maiden Mineral Resource Estimate (MRE) for La Verde, targeted for completion later this year, followed by a revised Costa Fuego Pre-Feasibility Study (PFS) incorporating La Verde, ahead of the formal submission of the Costa Fuego Environmental Impact Assessment (EIA) in Q2 2027.
Outlook
Hot Chili is advancing towards a maiden Mineral Resource Estimate for La Verde, expected later this year.