(Aaron Simonsky, Energy Analytics Institute, 18.Dec.2024) — Hot Chili Limited confirmed a significant copper-gold discovery, located approximately 30km south of the company’s Costa Fuego Copper-Gold Project’s 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 program being undertaken across the recently secured La Verde porphyry copper-gold target 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.
La Verde is part of Hot Chili’s recent consolidation of the Domeyko landholding where Hot Chili earlier executed the La Verde Option Agreement, which for the first time consolidated and provided access to drill test a large potential porphyry copper target footprint, the company announced 18 Dec. 2024 in an official statement.
The historical La Verde open pit mine was previously exploited by private interests for shallow porphyry copper-style oxide mineralization with limited drill testing outside the central lease or to depth.
A total of 12 Reverse Circulation (RC) drill holes for 3,150m are complete with results returned for the first 2 RC holes of the first-pass drill program. The first 2 drill holes (DKP001 and DKP002) were designed to validate historic drilling intercepts, and test the interpreted northern extension of the porphyry from the previously exploited open pit, respectively.
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By Aaron Simonsky reporting from Belize City. © Energy Analytics Institute (EAI). All Rights Reserved.
