Business
Latest Drilling Lifts Growth Potential of La Verde's High-Grade Copper-Gold Core
Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to provide another positive drilling update from its La Verde Cu-Au porphyry discovery (La Verde), located 30 km south of the Company's Costa Fuego Cu-Au Project planned central processing hub in Chile's coastal Atacama region.
About this update from Hot Chili Limited
Highlights PERTH, Australia, May 5, 2026 /CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to provide another positive drilling update from its La Verde Cu-Au porphyry discovery (La Verde), located 30 km south of the Company's Costa Fuego Cu-Au Project planned central processing hub in Chile's coastal Atacama region. Results to date confirm continued growth of the deposit's high-grade core and increasing confidence in continuity of higher grade near-surface mineralisation. Significant Expansion of High-Grade Core Across Eastern Flank Strong chalcopyrite-rich, porphyry-style copper mineralisation has been visually1 recorded over approximately 180 m downhole in recently completed drill hole DKD049, significantly expanding La Verde's higher-grade core, at depth, along its eastern flank (Figure 2 and Figure 4). Importantly, the diamond hole was a 175 m step-out hole from previously interpreted mineralisation. Results from DKD039, which recorded the highest-grade, widest intersection to date at La Verde, now combined with the visual observations from DKD049, have materially extended the higher-grade core to the east. The Company is currently focusing diamond drilling on testing further up-dip continuity of the eastern flank to the high-grade core (Figure 5). Assay results are expected to be returned for DKD049 in late May 2026. Higher-Grade Starter Pit Potential – Another Three RC Holes Strengthen Continuity Reverse Circulation drilling has commenced on the up-dip extensions to La Verde's high-grade core, with the first three drill holes (DKP052, DKP053 and DKP054) collared in the centre of the potential higher-grade starter pit, beneath the location of an existing historical waste dump (Figure 2). All three drill holes recorded wide visual1 intersections of strong porphyry-style mineralisation from near-surface. Consistent oxide mineralisation (copper limonites and green copper oxides) was reported from logging within and immediately beneath the waste dump, likely expanding the higher-grade, gold-rich core towards surface. The drill holes also extended the chalcopyrite-rich, porphyry-style copper mineralisation laterally from previous interpretations, suggesting the +0.4% CuEq footprint is still open in all directions. Assay results are expected to be returned DKP0...