#Chile #Hot Chili #La Verde #Atacama #Copper Gold

Exciting Developments in La Verde's Copper-Gold Project

Recently, Hot Chili Limited has made significant strides in its La Verde copper-gold discovery located in the coastal region of Chile. The company confirmed a major high-grade extension to the deposit following standout drilling results, specifically in drill hole DKD039 which reported a striking 725 meters with an average grading of 0.42% CuEq from just 18 meters depth. This notable intersection reveals not only impressive mineral grades but also underscores the project's potential for expansion.

Significant Drill Findings

The standout results began with the intersection point of drill hole DKD039, which is remarkable as it reflects the widest drill result to date within La Verde's expanding high-grade core. Within this 725-meter intersection, several notable segments are highlighted:

• - 22 meters at 0.71% CuEq from 42 meters depth
• - 46 meters at 0.65% CuEq from 249 meters depth
• - 51 meters at 0.62% CuEq from 433 meters depth
• - 62 meters at 1.03% CuEq from 671 meters depth

Each of these segments indicates significant copper and gold grades, with the deepest section further extending La Verde's high-grade core downwards by approximately 200 meters, revealing the potential for more recoverable resources.

Ongoing Drilling Operations

Hot Chili is ramping up its exploration efforts with two drill rigs currently operational and a third rig set to be mobilized in the coming weeks. This aggressive drilling strategy aims to accelerate the process of defining a potential higher-grade starter pit for the broader Costa Fuego project. Currently, there are pending assay results for eleven additional drill holes, suggesting more exciting developments might be on the horizon.

Comments from Management

Mr. Christian Easterday, Managing Director of Hot Chili, expressed his enthusiasm regarding these recent results stating, "We are thrilled to announce the most exceptional drill result yet from our La Verde discovery. This is a significant confirmation of our geological models predicting the growth of a high-grade mineralization core, and it further cements La Verde's position as a key asset in our portfolio."

The recent results are bolstered by ongoing positive assay findings from other drill holes such as DKD037, which showed an intersection of 184 meters at 0.42% CuEq from 105 meters depth, and DKD038, indicating 221 meters at 0.37% CuEq. These results are critical for confirming the continuity of mineralization and the potential yield of high-grade ore in the future.

Future Steps

Following this momentum, Hot Chili is poised to continue its aggressive exploration strategy throughout 2026. With initial findings suggesting the existence of large-scale copper-gold mineralization, the exploration team aims to further define and expand on the high-grade components identified in both La Verde and Costa Fuego. This dual focus will significantly enhance the resource base and positions the company favorably in the competitive resource sector.

In summary, the implications of this drilling success for Hot Chili Limited are profound, especially given the advanced state of exploration paired with increasingly favorable mineral results. As drilling continues, investors and stakeholders will be eager for forthcoming updates that could further illuminate the opportunities present at La Verde and beyond.