ASX:HCH

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Hot Chili Receives 'Strong' Copper-Gold Result at Chile Discovery

Hot Chili (ASX:HCH) received "strong" copper-gold results from its La Verde discovery in Chile, with grades exceeding visual expectation, according to a Tuesday filing with the Australian bourse.Drilling intersected 391 meters grading 0.51% copper equivalent from surface, including nearly 18 meters grading 0.68% copper equivalent from surface, and almost 41 meters grading 0.6% copper equivalent from 103 meters, the filing said.Assay results are pending for six diamond drill holes and 16 reverse circulation drill holes, per the filing.Shares fell 1% in midday trade on Tuesday.

ASX:HCH

Asia47d ago

Hot Chili Plans to Accelerate Drilling Across Chile Copper-Gold Porphyry Discovery

Hot Chili (ASX:HCH) plans to accelerate drilling across the La Verde copper-gold porphyry discovery in Chile to establish a maiden mineral resource and further define the potential size, scale, and grade of a higher-grade starter pit for the Costa Fuego project, also in Chile, according to a Thursday Australian bourse filing.The company said it plans to complete and submit an environmental impact assessment for Costa Fuego and start a feasibility study for the project.Hot Chili intends to integrate La Verde into an expanded mine plan.

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