#Chile #Hot Chili #La Verde #Atacama #copper-gold

Expansion of La Verde's High-Grade Copper-Gold Core

Hot Chili Limited has announced promising new drill results from its La Verde project located in the coastal region of Chile. The latest findings underscore the potential for substantial growth in the high-grade copper-gold deposit, with significant intersections of mineralization confirmed.

Recent Drill Highlights

Key Discoveries

• - Eastern Flank Expansion: Recent drilling has identified a broad zone of chalcopyrite-rich porphyry-style copper mineralization, significantly increasing the size of La Verde's high-grade core. Drill hole DKD049 recorded a substantial 180 meters of mineralisation, enhancing continuity across previously unexplored extensions.
• - Higher-Grade Starter Pit: Additional drill holes, DKP052, DKP053, and DKP054, have confirmed strong porphyry-style mineralization from near the surface, with widths of 205 meters, 256 meters, and 129 meters, respectively. These intersections are set to contribute positively to potential starter pit calculations.

Assay Results

The results from drill hole DKD040 have exceeded expectations. Located in what was previously thought to be a lower-grade area, this hole yielded better-than-anticipated mineralization results. Key findings include:

• - 86.6 meters at 0.45% CuEq from a depth of 4.4 meters, which is significant given the shallow coverage of gravel in the area, indicating a rich mineral presence closer to the surface.
• - 163.9 meters at 0.43% CuEq from 185.2 meters in depth, further confirming the presence of lucrative mineralisation.

Future Prospects

The confidence in La Verde's growth trajectory continues to strengthen with the pending assay results from 14 additional drill holes—eight diamond and six reverse circulation (RC)—scheduled to be released in the coming months. A third drill rig is also expected to enhance exploration efforts significantly. This ongoing drilling campaign aims to optimize the understanding of the deposit's high-grade core and continuity.

Implications for Investors and Development

Strong visual confirmations from drilling activities have increased optimism regarding La Verde's potential. The combination of extensive high-grade intersections and the visual assessments lays a solid foundation for economic modeling and potential future development. As Hot Chili Limited continues to interface with evolving market conditions, these results are crucial for both investor confidence and strategic planning.

The exploration at La Verde is aligned with broader trends in the mining sector, where the demand for copper-gold deposits remains robust, driven by the transition towards renewable energy technologies and electrification worldwide. As nations strive towards sustainable energy solutions, the strategic importance of high-quality copper and gold projects like La Verde cannot be understated.

Conclusion

Hot Chili's ongoing work at La Verde is set to redefine not just the project's outlook but also the broader context of mineral exploration in Chile. With enhanced high-grade core validation and promising intersections, La Verde is paving the way for a significant new chapter in mineral resource development. Investors and stakeholders should remain attentive as further results come in, which promise to strengthen the story behind La Verde's burgeoning mineral wealth.

Contact Information

For more information, please reach out to:

• - Christian Easterday, Managing Director, CEO – Hot Chili
• - Carol Marinkovich, Company Secretary – Hot Chili

Stay tuned for more updates as Hot Chili Limited continues to unveil the potential of the La Verde project in the months ahead.