Uncovering Treasure: Hot Chili Strikes Gold with Major Copper Find at La Verde

Description:

202m grading 0.6% Copper, 0.3g/t Gold from 70m depth. Highlights First drill hole (DKP001) at La Verde intersects 174m grading 0.4% copper (Cu), 0.1g/t gold (Au) from 36m depth. Second drill hole (DKP002), located 120m southeast of DKP001, recorded 308m grading 0.5% Cu and 0.3g/t Au from 46m depth to end of hole including 202m grading 0.6% Cu, 0.3g/t Au from 70m depth which includes 100m grading 0.7% Cu, 0.3g/t Au from 118m depth. Results for 10 more drill holes pending and drill program expanded to 6,000m. La Verde’s porphyry footprint measures approximately 850m by 700m; comparable to Hot Chili’s higher-grade Cortadera Cuerpo 3 copper-gold porphyry, located 30km north of Costa Fuego Copper-Gold Project. Pre-feasibility Study (PFS) and Huasco Water PFS advancing towards release in Q1, 2025. Treasury of approximately A$25.7 million as of 30 September 2024. PERTH, Australia, Dec. 18, 2024 /PRNewswire/ – Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) (“Hot Chili” or the “Company”) is pleased to confirm a significant copper-gold discovery, located approximately 30km south of the Company’s Costa Fuego Copper-Gold Project’s (“Costa Fuego” or “the Project”) planned central processing hub in the coastal range of the Atacama region, Chile. Assay results for the first two drill holes of a 4,000m drill programme being undertaken across the recently secured La Verde porphyry copper-gold target have returned a wide drilling intersection of 202m grading 0.6% Cu, 0.3g/t Au from 70m depth within a broader intersection of 308m grading 0.5% Cu and 0.3g/t Au from 46m depth to end of hole.

Blog Post Article:

Exciting news for Hot Chili Limited as they uncover a treasure trove of copper and gold at the La Verde site in Chile. The company’s first drill hole, DKP001, revealed impressive results with 174m grading 0.4% copper and 0.1g/t gold, while the second drill hole, DKP002, located nearby, recorded even more promising numbers with 308m grading 0.5% copper and 0.3g/t gold. These findings have sparked enthusiasm within the mining industry, as the potential for further mineral deposits in the area is high.

With 10 more drill holes awaiting results and an expanded drill program, Hot Chili is poised to make significant strides in their exploration efforts. The La Verde site’s porphyry footprint, comparable to the company’s successful Cortadera Cuerpo 3 project, showcases the vast potential for copper-gold reserves in the region. The upcoming Pre-feasibility Studies and the healthy treasury position further solidify Hot Chili’s position as a key player in the mining sector.

The latest discovery at La Verde marks a major milestone for Hot Chili Limited and reinforces their commitment to sustainable resource development. With the demand for copper and gold on the rise, this find could have far-reaching implications for the company’s growth trajectory.

How This Discovery Will Affect Me:

As a consumer, this significant copper-gold discovery by Hot Chili Limited could potentially impact me through changes in commodity prices. The increased supply of these metals could lead to fluctuations in market prices, affecting the cost of products that rely on copper and gold components. Additionally, the success of Hot Chili’s mining operations may influence investment trends in the natural resources sector, potentially creating new opportunities for investors like myself.

How This Discovery Will Affect the World:

The discovery of a major copper-gold deposit at La Verde by Hot Chili Limited has the potential to have a ripple effect on the global mining industry. With the growing demand for copper and gold in various industries, this find could help meet the world’s mineral needs and contribute to economic growth. The increased supply of these metals could also have implications for sustainable development practices, as mining companies strive to balance resource extraction with environmental conservation efforts.

Conclusion:

In conclusion, Hot Chili’s remarkable discovery at La Verde represents a significant breakthrough in the mining sector. The company’s commitment to exploration and sustainable resource development has paid off, positioning them as a key player in the industry. The impact of this find, both locally and globally, underscores the importance of responsible mineral exploration and the potential for future growth and innovation in the natural resources sector.