Hot Chili Limited confirms second porphyry discovery at La Verde project
Hot Chili Limited has identified a second porphyry center at its La Verde site in Chile following recent assay results from step-out drilling operations.
Perth-based mining company Hot Chili Limited has confirmed the discovery of a second porphyry center, La Verde South, located adjacent to its existing project in Chile. The findings follow assay results from recent step-out drilling, which the company indicates may significantly expand the resource potential of the site.
The discovery suggests a larger mineralized system than previously mapped. By identifying a second center, the company aims to increase the scale of the La Verde project, which remains a key focus of its exploration strategy in the South American copper-gold sector.
The company's quarterly report for the period ending September 30, 2026, outlines the transition from initial mapping to active exploration. Management expects these results to influence future drilling schedules and resource estimation models as they further define the project's extent.