Hot Chili Expands High-Grade Core of Chile Discovery; Shares Up 4%

MT Newswires Live

11 hours ago

Hot Chili (ASX:HCH) expanded the high-grade core of the La Verde discovery in Chile and confirmed continuity of shallow and wide zones of copper-gold mineralization ahead of a planned maiden mineral resource estimate, according to a Monday filing with the Australian bourse.

Recent reverse circulation and diamond drilling returned 472 meters grading 0.4% copper equivalent (CuEq) from 49 meters, 182 meters grading 0.5% CuEq from 24 meters and 272 meters grading 0.4% CuEq from 82 meters, the filing said.

A fourth rig has been added to advance drilling operations with assays for 18 holes pending, per the filing.

Shares rose 4% in afternoon trade Monday.

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