{"id":31082,"date":"2025-02-11T09:06:23","date_gmt":"2025-02-11T14:06:23","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=31082"},"modified":"2025-02-11T09:06:23","modified_gmt":"2025-02-11T14:06:23","slug":"hot-chili-confirms-major-copper-gold-discovery-at-la-verde-property","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/hot-chili-confirms-major-copper-gold-discovery-at-la-verde-property\/","title":{"rendered":"Hot Chili Confirms Major Copper &#038; Gold Discovery at La Verde Property"},"content":{"rendered":"<h3 class=\"yf-1pe5jgt\"><b>Highlights<\/b><\/h3>\n<ul>\n<li class=\"yf-1pe5jgt\"><b>Rapidly Emerging Major Copper-Gold Porphyry Discovery\u00a0<\/b><\/li>\n<li class=\"yf-1pe5jgt\"><b>New drill results\u00a0<\/b>from an additional ten Reverse Circulation (RC) drill holes confirm La Verde as a major copper-gold porphyry discovery in low elevation coastal\u00a0<span class=\"xn-location\">Chile<\/span>, with broad, consistently mineralized intersections extending over <span class=\"xn-money\">300 m<\/span> vertically, commencing at shallow depths.<\/li>\n<li class=\"yf-1pe5jgt\"><b>Multiple new significant drill intersections<\/b>\u00a0underpin rapidly growing oxide and\u00a0sulphide discovery.\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b><span class=\"xn-money\">320 m<\/span>\u00a0grading 0.3% Cu and 0.1 g\/t Au from\u00a0<span class=\"xn-money\">34 m<\/span>\u00a0to end-of-hole<\/b>\u00a0(DKP009)<\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\">including\u00a0<span class=\"xn-money\">134 m<\/span>\u00a0at 0.4% Cu and 0.2 g\/t Au from\u00a0<span class=\"xn-money\">180 m<\/span>\u00a0depth<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\">including\u00a0<span class=\"xn-money\">56 m<\/span>\u00a0at 0.5% Cu and 0.2 g\/t Au from\u00a0<span class=\"xn-money\">258 m<\/span>\u00a0depth<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b><span class=\"xn-money\">200 m<\/span>\u00a0grading 0.4% Cu and 0.1 g\/t Au from\u00a0<span class=\"xn-money\">48 m<\/span>\u00a0to end-of-hole<\/b>\u00a0(DKP005)<\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\">including\u00a0<span class=\"xn-money\">38 m<\/span>\u00a0at 0.5% Cu and 0.2 g\/t Au from\u00a0<span class=\"xn-money\">68 m<\/span>\u00a0depth<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b><span class=\"xn-money\">172 m<\/span>\u00a0grading 0.4% Cu and 0.2 g\/t Au from\u00a0<span class=\"xn-money\">48 m<\/span><\/b>\u00a0(DKP012)<\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\">including\u00a0<span class=\"xn-money\">20 m<\/span>\u00a0at 0.5% Cu and 0.2 g\/t Au from\u00a0<span class=\"xn-money\">62 m<\/span>\u00a0depth<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b>and\u00a0<span class=\"xn-money\">78 m<\/span>\u00a0grading 0.5% Cu and 0.1 g\/t Au from\u00a0<span class=\"xn-money\">228 m<\/span>\u00a0to end-of-hole<\/b><\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\">including\u00a0<span class=\"xn-money\">32 m<\/span>\u00a0at 0.6% Cu and 0.2 g\/t Au from\u00a0<span class=\"xn-money\">232 m<\/span>\u00a0depth<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b><span class=\"xn-money\">135.5 m<\/span>\u00a0grading 0.3% Cu and 0.1 g\/t Au from\u00a0<span class=\"xn-money\">64 m<\/span>\u00a0to end-of-hole<\/b>\u00a0(DKP006)<\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\">including\u00a0<span class=\"xn-money\">62 m<\/span>\u00a0at 0.4% Cu and 0.2 g\/t Au from\u00a0<span class=\"xn-money\">124 m<\/span>\u00a0depth<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\">which included\u00a0<span class=\"xn-money\">26 m<\/span>\u00a0at 0.5% Cu and 0.3g\/t Au from\u00a0<span class=\"xn-money\">124 m<\/span>\u00a0depth<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b><span class=\"xn-money\">32 m<\/span>\u00a0grading 0.4% Cu from surface\u00a0<\/b>(DKP011)<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b><span class=\"xn-money\">80 m<\/span>\u00a0grading 0.3% Cu and 0.1 g\/t Au from\u00a0<span class=\"xn-money\">8 m<\/span>\u00a0depth\u00a0<\/b>(DKP004)<\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\">including\u00a0<span class=\"xn-money\">34 m<\/span>\u00a0at 0.4% Cu from\u00a0<span class=\"xn-money\">8 m<\/span>\u00a0depth<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div class=\"wrapper yf-eondll\" data-testid=\"inarticle-ad\">\n<h3 class=\"yf-1pe5jgt\"><b>La Verde Discovery Keeps Growing \u2013 Large Scale Appeal<\/b><\/h3>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b>New drill results reinforce La Verde&#8217;s potential scale,<\/b>\u00a0adding to the strong results reported on\u00a0<span class=\"xn-chron\">18 December 2024<\/span>:<\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b><span class=\"xn-money\">308 m<\/span>\u00a0grading 0.5% Cu, 0.3 g\/t Au from\u00a0<span class=\"xn-money\">46 m<\/span>\u00a0to end-of-hole<\/b>\u00a0(DKP002)<\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\">including\u00a0<span class=\"xn-money\">202 m<\/span>\u00a0at 0.6% Cu, 0.3g\/t Au from\u00a0<span class=\"xn-money\">70 m<\/span>\u00a0depth<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\">which included\u00a0<span class=\"xn-money\">100 m<\/span>\u00a0at 0.7% Cu and 0.3g\/t Au from\u00a0<span class=\"xn-money\">118 m<\/span>\u00a0depth<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b><span class=\"xn-money\">362 m<\/span>\u00a0grading 0.3% Cu, 0.1g\/t Au from\u00a0<span class=\"xn-money\">28m<\/span>\u00a0to end-of-hole<\/b>\u00a0(DKP001)<\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\">including\u00a0<span class=\"xn-money\">174 m<\/span>\u00a0at 0.4% Cu and 0.1 g\/t Au from\u00a0<span class=\"xn-money\">36 m<\/span>\u00a0depth<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\">which included\u00a0<span class=\"xn-money\">22 m<\/span>\u00a0at 0.6% Cu, 0.2g\/t Au from\u00a0<span class=\"xn-money\">144 m<\/span>\u00a0depth<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b>Open at depth<\/b>\u00a0\u2013 8 of 12 drill RC holes to date ended in significant\u00a0mineralisation at end-of-hole<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b>Open laterally<\/b>\u00a0\u2013 step-out drilling underway to potentially double footprint (currently\u00a0<span class=\"xn-money\">550 m<\/span>\u00a0x\u00a0<span class=\"xn-money\">400 m<\/span>)<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b>More results coming<\/b>\u00a0\u2013 assays pending for seven additional holes; deeper diamond drilling planned<\/p>\n<\/li>\n<\/ul>\n<h3 class=\"yf-1pe5jgt\"><b>Projects Advancing Toward Development Decision<\/b><\/h3>\n<ul>\n<li class=\"yf-1pe5jgt\"><b>Pre-Feasibility Studies (PFS)<\/b>\u00a0for Costa Fuego and Huasco Water\u00a0nearing completion<\/li>\n<li class=\"yf-1pe5jgt\"><b><span class=\"xn-money\">A$19 million<\/span>\u00a0in cash<\/b>\u00a0as of\u00a0<span class=\"xn-chron\">31 December 2024<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_31083\" aria-describedby=\"caption-attachment-31083\" style=\"width: 1069px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-31083\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2025\/02\/Drilling-Pic.png\" alt=\"\" width=\"1069\" height=\"447\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2025\/02\/Drilling-Pic.png 1069w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2025\/02\/Drilling-Pic-300x125.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2025\/02\/Drilling-Pic-1024x428.png 1024w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2025\/02\/Drilling-Pic-768x321.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2025\/02\/Drilling-Pic-696x291.png 696w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2025\/02\/Drilling-Pic-1066x447.png 1066w\" sizes=\"auto, (max-width: 1069px) 100vw, 1069px\" \/><figcaption id=\"caption-attachment-31083\" class=\"wp-caption-text\">Drilling continues to expand the La Verde Cu-Au porphyry discovery \u2013 now 550m by 400m and open in all directions<\/figcaption><\/figure>\n<p class=\"yf-1pe5jgt\"><div class=\"su-quote su-quote-style-default su-quote-has-cite\"><div class=\"su-quote-inner su-u-clearfix su-u-trim\">La Verde is shaping up as Hot Chili&#8217;s next major copper-gold discovery, with the potential to significantly lift the scale of our Costa Fuego project. With primary copper supply declining, copper and gold prices rallying, and a PFS on each of our planned businesses (copper-gold and water) nearing completion \u2013 momentum is building fast.<\/p>\n<div class=\"read-more-wrapper\" data-testid=\"read-more\">\n<p class=\"yf-1pe5jgt\">Following in the footsteps of our successes at Cortadera and Productora, we&#8217;ve secured full control of La Verde after years of strategic consolidation, finally allowing us unrestricted access to test this historically overlooked porphyry system.<\/p>\n<p class=\"yf-1pe5jgt\">Drill results have exceeded expectations, revealing a much larger porphyry system than first recognized, with broad, consistent copper-gold mineralization extending from shallow depths and largely hidden below shallow gravel cover.<\/p>\n<p class=\"yf-1pe5jgt\">This discovery has all the signs of becoming our third bulk-tonnage, copper-gold deposit, and is open in all directions and growing fast. We&#8217;re also preparing to deploy AI-powered exploration to fast-track our nearby exploration growth pipeline, leveraging 16 years of expertise in\u00a0<span class=\"xn-location\">Chile<\/span>.<\/p>\n<p class=\"yf-1pe5jgt\">With La Verde&#8217;s scale potential and the Costa Fuego copper-gold hub expanding, we&#8217;re at a major inflection point in Hot Chili&#8217;s growth story.<span class=\"su-quote-cite\">Christian Easterday, Managing Director &amp; CEO, Hot Chili Ltd.<\/span><\/div><\/div>\n<p class=\"yf-1pe5jgt\"><strong>Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF)<\/strong> reported a second round of strong assay results from its La Verde copper-gold discovery, located approximately 30km south of the Company&#8217;s Costa Fuego Copper-Gold Project (&#8220;Costa Fuego&#8221; or &#8220;the Project&#8221;) planned central processing hub at low elevation in the coastal range of the Atacama region, <span class=\"xn-location\">Chile<\/span>.<\/p>\n<p class=\"yf-1pe5jgt\">Hot Chili has now completed 19 RC drill holes (<span class=\"xn-money\">5,700 m<\/span>) at La Verde, with assay results from 12 holes reported so far confirming a major copper-gold porphyry discovery in\u00a0<span class=\"xn-location\">Chile&#8217;s<\/span>\u00a0coastal range.<\/p>\n<h3 class=\"yf-1pe5jgt\"><b>Drilling Confirms Scale &amp; Growth Potential<\/b><\/h3>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b>Wide, shallow mineralization<\/b>\u00a0\u2013 current discovery footprint extends\u00a0<span class=\"xn-money\">550 m<\/span>\u00a0by\u00a0<span class=\"xn-money\">400 m<\/span>\u00a0and remains open in all directions.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b>Deeper potential remains untapped<\/b> \u2013 Mineralization commences from shallow depths, extends to more than <span class=\"xn-money\">300m<\/span> below surface, and 8 of 12 drill holes reported to date end in mineralization at the limit of RC drilling depth capability.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b>Gravel cover masking potentially much larger porphyry system\u00a0<\/b>\u2013 step-out drilling underway.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b>Potential below the historical oxide copper open pit untested\u00a0<\/b>\u2013 drill testing yet to commence.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b>Major discovery in its infancy\u00a0<\/b>\u2013 every drill hole has intersected porphyry-style, copper-gold mineralisation (refer to Table 1 for details on significant intercepts).<\/p>\n<\/li>\n<\/ul>\n<div class=\"wrapper yf-eondll\" data-testid=\"inarticle-ad\">\n<div id=\"sda-INARTICLE-7d0845c2-450d-33ce-8df6-65875f0612d5-3\" class=\"sdaContainer dv-all sda-INARTICLE-7d0845c2-450d-33ce-8df6-65875f0612d5-3 yf-ee3idm overflow margin visible placeholder\" data-testid=\"ad-container\" data-ad-unit=\"\/22888152279\/ca\/yfin\/ros\/dt\/ca_yfin_ros_dt_mid_center\" data-ad-size=\"970x250,728x90\" data-ad-region=\"main-dynamic\" data-ad-loc=\"mid_center_3\"><\/div>\n<\/div>\n<h3 class=\"yf-1pe5jgt\"><b>What&#8217;s Next?<\/b><\/h3>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b>More results coming<\/b>\u00a0\u2013 assays pending for seven additional RC holes, with geological logging confirming the presence of porphyry host-rock featuring porphyry-style A- and B-type veining in each of the pending drill holes.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b>Diamond drilling being planned<\/b>\u00a0\u2013 targeting potential for deeper, higher-grade zones intersected at depth and to test potential for +1km vertical depth extent, typical of other recent major porphyry discoveries, such as Hot Chili&#8217;s neighbouring Cortadera discovery, BHP\/Lundin Mining&#8217;s\u00a0<span class=\"xn-person\">Filo del Sol<\/span>\u00a0discovery, ATEX Resources Valeriano discovery, and AMSA\/Barrick&#8217;s Encierro discovery.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><b>Regular drilling news flow<\/b>\u00a0\u2013 the Company will continue to provide updates as new drill results are received and exploration at La Verde advances.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hot Chili reports a second round of strong assay results from its La Verde copper-gold discovery.<\/p>\n","protected":false},"author":30,"featured_media":27482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2430,56],"tags":[2324,2382,2529,2196,2527,2459,2428,2325],"class_list":{"0":"post-31082","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-energy-transition-metals","8":"category-featured","9":"tag-asxhch","10":"tag-hot-chili-ltd","11":"tag-hot-chilli","12":"tag-investing-in-copper","13":"tag-investing-in-copper-miners","14":"tag-junior-copper-miners","15":"tag-otcqxhhlkf","16":"tag-tsxvhch"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hot Chili Confirms Major Copper &amp; 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