Business
Diamond Drilling Commences at La Verde Cu-Au Porphyry Discovery
Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce that diamond drilling has commenced at the La Verde copper-gold (Cu-Au) discovery, located approximately 30km south of the Company's Costa Fuego Cu-Au Project ("Costa Fuego" or "the Project") planned central processing hub at low elevation in the coastal range of the Atacama region, Chile.
About this update from Hot Chili Limited
[{"type":"text","content":"PERTH, Australia, Sept. 25, 2025 /CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce that diamond drilling has commenced at the La Verde copper-gold (Cu-Au) discovery, located approximately 30km south of the Company's Costa Fuego Cu-Au Project ("Costa Fuego" or "the Project") planned central processing hub at low elevation in the coastal range of the Atacama region, Chile.","length":485,"tagName":"p"},{"type":"text","content":"Diamond drilling commenced on 22 September 2025 with one drill rig in operation on a double-shift basis. This second phase of drilling at La Verde aims to significantly expand the initial shallow porphyry discovery.","length":215,"tagName":"p","attribs":{}},{"type":"text","content":"Phase-two drilling follows the success of the Company's first-pass reverse circulation (RC) drill program, which confirmed a significant +0.2% Cu discovery footprint measuring 1,000 m by 750 m and extending up to 400 m vertical depth.","length":238,"tagName":"p","attribs":{}},{"type":"text","content":"Importantly, over half of Hot Chili's first pass drill holes ended in significant mineralisation at the capacity of RC drilling, leaving the porphyry discovery open at depth and laterally.","length":192,"tagName":"p","attribs":{}},{"type":"text","content":"To date, three spatially distinct higher-grade centres have been confirmed from near surface (refer announcement dated 19 May 2025). Phase-two diamond drilling will target depth extension to these high-grade centres.","length":216,"tagName":"p","attribs":{}},{"type":"text","content":"Impact modelling by Hot Chili has outlined the potential for significant additional open pit material to be added to the front-end of Coast Fuego's 20 year mine schedule, providing both mine life growth and materially enhanced financial metrics to Hot Chili's March 2025 Pre-feasibility Study for Costa Fuego.","length":317,"tagName":"p","attribs":{}},{"type":"text","content":"Regulatory applications for further drill access at La Verde are currently in the final stages of approval and will provide access to test lateral extensions to the discovery footprint, as well as several nearby "look-alike" targets.","length":243,"tagName":"p","attribs":{}},{"type":"text","cont...