Hot Chili Limited Drilling Update on La Verde Discovery
Hot Chili Limited (ASX: HCH) reports a major step forward at its La Verde copper–gold discovery in Chile, with first diamond drillhole DKD032 delivering a standout 529 m at 0.41% Cu and 0.21 g/t Au from 41 m depth. The hole, which includes higher-grade intervals of 148 m at 0.60% Cu and 0.30 g/t Au, materially expands the earlier RC result from DKP002 and confirms both vertical and lateral growth of the system.
Drilling indicates convergence of higher-grade centres at depth and strengthens the geological model for significant resource expansion feeding into the Costa Fuego development hub 30 km to the north. All six completed Phase Two diamond holes have intersected broad porphyry-style mineralisation, extending the system to roughly 600 m depth. With assays pending for five holes and modelling highlighting potential for substantial open-pit additions to Costa Fuego’s mine schedule, Hot Chili anticipates further updates as laboratory results are received.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au.au
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Hot Chili Limited Drilling Update on La Verde Discovery
Hot Chili Limited (ASX: HCH) reports a major step forward at its La Verde copper–gold discovery in Chile, with first diamond drillhole DKD032 delivering a standout 529 m at 0.41% Cu and 0.21 g/t Au from 41 m depth. The hole, which includes higher-grade intervals of 148 m at 0.60% Cu and 0.30 g/t Au, materially expands the earlier RC result from DKP002 and confirms both vertical and lateral growth of the system.
Drilling indicates convergence of higher-grade centres at depth and strengthens the geological model for significant resource expansion feeding into the Costa Fuego development hub 30 km to the north. All six completed Phase Two diamond holes have intersected broad porphyry-style mineralisation, extending the system to roughly 600 m depth. With assays pending for five holes and modelling highlighting potential for substantial open-pit additions to Costa Fuego’s mine schedule, Hot Chili anticipates further updates as laboratory results are received.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au.au