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| La Verde Copper Gold Project |
Hot Chili Advances La Verde Exploration with Phase-Two Drilling
Australian explorer Hot Chili reported substantial progress at its La Verde Copper-Gold Project in Chile. Recent drilling confirmed a near-surface, higher-grade copper-gold core. Consequently, DKP005D extended the earlier drill-hole and intersected 47m at 0.57% copper and 0.12g/t gold. Meanwhile, additional intersections of 28m at 0.49% copper and 0.15g/t gold further validate resource expansion.
Broad Copper Porphyry Mineralisation Strengthens Project Potential
All eight diamond drill-holes at La Verde encountered broad widths of copper porphyry-style mineralisation. As a result, lateral continuity and higher-grade starter pit potential are confirmed. In contrast to adjacent high-Andean projects, La Verde benefits from low elevation, near-surface targets, secured water rights, and low capital intensity, reducing project risk and improving economic viability.
Strategic Implications for Costa Fuego and Regional Mining
Hot Chili expects La Verde to enhance Costa Fuego’s 20-year mine schedule and overall scale. The project positions itself as a low-risk coastal contender in Chile’s Huasco Region. Therefore, investors and stakeholders can anticipate accelerated development, improved upfront economics, and a more robust copper-gold resource base.
ScrapInsight Commentary
The La Verde drilling confirms a high-quality, near-surface core that could significantly improve copper-gold production economics. Low capital intensity and strong continuity reduce development risk, enhancing the project’s attractiveness for future strategic investments.
