Hot Chili Ltd Announces Second Porphyry Discovery at La Verde
Key points
- Hot Chili Ltd confirms a second porphyry centre at La Verde South
- Initial drilling results indicate near-surface higher-grade copper mineralisation
- Discovery potentially doubles growth potential of La Verde copper-gold deposit
Full summary
Hot Chili Ltd is pleased to announce the confirmation of a second porphyry centre at its La Verde South deposit, located 30 km south of its Costa Fuego copper-gold project in Chile. Step-out drilling has revealed significant near-surface higher-grade copper mineralisation, with the potential to significantly increase the growth prospects of the La Verde deposit. The discovery of La Verde South comes as the company continues to advance its maiden Mineral Resource Estimate for La Verde and prepares an Environmental Impact Assessment submission.
Outlook
Hot Chili Ltd anticipates that the discovery of La Verde South will significantly enhance the growth potential of its La Verde deposit, with further exploration and drilling planned to better define the extent and grade of the mineralisation.
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