Hot Chili’s La Verde Discovery: Drilling Coverage Doubled and Expanding
Hot Chili Limited, an Australian mining company with operations in Chile, has recently announced some exciting updates regarding their drilling operations at the La Verde copper-gold porphyry discovery. Located near the Company’s Costa Fuego project, La Verde is a potential game-changer, and these latest developments are worth a closer look.
Drilling Coverage Extended
The Company has reported that first-pass drill coverage at La Verde has now extended across an area measuring 1,000 m by 550 m. This expansion comes from the successful drilling of 27 reverse circulation (“RC”) holes totalling 8,162 m. The drilling has confirmed the continuity of the mineralised system at depth and in all directions, leaving us all wondering what treasures could be lurking beneath the surface.
Assay Results Pending
While we eagerly await the assay results from fifteen of these drill holes, the turnaround time from laboratories is currently slower than usual due to the peak summer drilling season in the high Andes. But fear not, for the anticipation is half the fun!
Shallow Porphyry Mineralisation Open in All Directions
The shallow porphyry mineralisation at La Verde remains open in all directions, with drilling planned to continue. This means that there’s a good chance we could be in for some significant discoveries in the near future.
Deeper Diamond Drill Testing Planned
To further explore the depth potential of this intriguing discovery, the Company is planning deeper diamond drill testing. Eight of the twelve drill RC holes reported to date have already recorded significant mineralisation to end-of-hole, leaving us on the edge of our seats.
Pre-Feasibility Studies in Final Stages
In other news, the Pre-Feasibility Studies (PFS) for Costa Fuego and Huasco Water are in the final stages of completion. These studies will provide valuable insights into the potential economic viability of the projects, further solidifying Hot Chili’s position in the mining industry.
What’s in it for Me?
As an investor, these developments could mean potential growth for your investment in Hot Chili. With the expanding drilling coverage, the possibility of significant discoveries, and the progress on the PFS, the future looks promising for this mining company.
What’s in it for the World?
On a global scale, the potential discoveries at La Verde could contribute to the world’s supply of copper and gold, which are essential elements in various industries, including construction, electronics, and renewable energy. The successful exploration and development of this discovery could also lead to job creation and economic growth in the local community and Chile as a whole.
Conclusion
Hot Chili’s La Verde discovery continues to make headlines with its expanding drilling coverage, significant mineralisation, and progress on the PFS. As an investor, these developments could mean potential growth for your investment, while on a larger scale, the discovery could contribute to the world’s supply of copper and gold and lead to economic growth. So, let’s keep our fingers crossed for those assay results and the continued success of Hot Chili!
- Hot Chili Limited reports expanded drilling coverage at the La Verde copper-gold porphyry discovery.
- First-pass drill coverage now extends across an area measuring 1,000 m by 550 m.
- Twenty-seven reverse circulation (“RC”) holes totalling 8,162 m drilled to date.
- Assay results pending for fifteen drill holes, with turnaround time slower than usual due to peak summer drilling season.
- Shallow porphyry mineralisation remains open in all directions, with drilling planned to continue.
- Deeper diamond drill testing being planned.
- Pre-Feasibility Studies (PFS) for Costa Fuego and Huasco Water in final stages of completion.
