Latest Drilling Results Highlight La Verde's Rapid Expansion and High Grade Copper-Gold Core
In a groundbreaking announcement, Hot Chili Limited has revealed significant developments in its La Verde copper-gold (Cu-Au) project, located 30 km south of its Costa Fuego project in Chile's coastal Atacama region. The company completed its third diamond drill hole, DKD033, which recorded an impressive 495 meters grading 0.38% copper (Cu) and 0.10 grams per tonne (g/t) gold (Au) starting from just 3 meters in depth. This section includes an astonishing 123 meters grading 0.50% Cu and 0.13g/t Au from a depth of 289 meters.
Furthermore, drill hole DKD034 has also returned remarkable results, intersecting 426 meters grading 0.37% Cu and 0.08g/t Au, commencing at a depth of 194 meters. This drill hole included segments of 220 meters grading 0.43% Cu and 0.10g/t Au from 322 meters depth and 52 meters grading 0.50% Cu and 0.08g/t Au from 566 meters.
The drilling campaign, part of Hot Chili’s Phase Two diamond drilling program, commenced on January 12, 2026, following the holiday season break. These successful drill results demonstrate the continuous expansion of La Verde’s high-grade core, further solidifying the project's immense potential.
Managing Director, Mr. Christian Easterday, expressed excitement over the new results, highlighting their strategic importance in the context of rising copper and gold prices. "Hot Chili is pleased to report these compelling assay results from La Verde, with more expected soon. The recent results underscore the project's significance, especially against the backdrop of record copper and gold prices."
The La Verde discovery is notable being categorized as one of the few large-scale, meaningful copper projects globally that stand to benefit significantly from rising copper prices. For instance, with every $0.10 increase per pound in copper price above US$4.30, the Net Present Value (NPV) of the project is expected to increase by approximately US$100 million.
Analyses are still pending for six additional diamond drill holes within the La Verde project. Notably, drills DKD035 and DKD036 have visually captured broad, higher-grade copper porphyry-style mineralization just below the surface, further heightening anticipation for significant findings to come.
Expansion efforts are planned, with Hot Chili geologists adopting successful exploration strategies that were previously utilized in their nearby Cortadera Cu-Au porphyry Resource. These innovative methodologies are projected to drive continued growth and discovery at La Verde.
The company anticipates making further announcements as new assay results are processed. Initial results indicate potential for significant additional open-pit material, positively impacting the mine-life growth projected for Costa Fuego's upcoming 20-year schedule.
Stakeholders and investors are urged to keep an eye on the developments at La Verde, as mining and exploration activities intensify in conjunction with favorable market conditions. The ability to both leverage and scale the copper-gold potential at La Verde will be pivotal for Hot Chili in the competitive landscape of global mining projects. As the company navigates through this promising phase, it is clear that La Verde stands to redefine its portfolio’s value.
In summary, the latest drilling updates from La Verde underline a significant step forward for Hot Chili Limited. Moving ahead, the company is committed to maximizing the project’s economic advantages while remaining aligned with strategic market fluctuations.
Furthermore, drill hole DKD034 has also returned remarkable results, intersecting 426 meters grading 0.37% Cu and 0.08g/t Au, commencing at a depth of 194 meters. This drill hole included segments of 220 meters grading 0.43% Cu and 0.10g/t Au from 322 meters depth and 52 meters grading 0.50% Cu and 0.08g/t Au from 566 meters.
The drilling campaign, part of Hot Chili’s Phase Two diamond drilling program, commenced on January 12, 2026, following the holiday season break. These successful drill results demonstrate the continuous expansion of La Verde’s high-grade core, further solidifying the project's immense potential.
Managing Director, Mr. Christian Easterday, expressed excitement over the new results, highlighting their strategic importance in the context of rising copper and gold prices. "Hot Chili is pleased to report these compelling assay results from La Verde, with more expected soon. The recent results underscore the project's significance, especially against the backdrop of record copper and gold prices."
The La Verde discovery is notable being categorized as one of the few large-scale, meaningful copper projects globally that stand to benefit significantly from rising copper prices. For instance, with every $0.10 increase per pound in copper price above US$4.30, the Net Present Value (NPV) of the project is expected to increase by approximately US$100 million.
Analyses are still pending for six additional diamond drill holes within the La Verde project. Notably, drills DKD035 and DKD036 have visually captured broad, higher-grade copper porphyry-style mineralization just below the surface, further heightening anticipation for significant findings to come.
Expansion efforts are planned, with Hot Chili geologists adopting successful exploration strategies that were previously utilized in their nearby Cortadera Cu-Au porphyry Resource. These innovative methodologies are projected to drive continued growth and discovery at La Verde.
The company anticipates making further announcements as new assay results are processed. Initial results indicate potential for significant additional open-pit material, positively impacting the mine-life growth projected for Costa Fuego's upcoming 20-year schedule.
Stakeholders and investors are urged to keep an eye on the developments at La Verde, as mining and exploration activities intensify in conjunction with favorable market conditions. The ability to both leverage and scale the copper-gold potential at La Verde will be pivotal for Hot Chili in the competitive landscape of global mining projects. As the company navigates through this promising phase, it is clear that La Verde stands to redefine its portfolio’s value.
In summary, the latest drilling updates from La Verde underline a significant step forward for Hot Chili Limited. Moving ahead, the company is committed to maximizing the project’s economic advantages while remaining aligned with strategic market fluctuations.
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