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Hot Chili Limited (ASX:HCH)
ALERT: Price-sensitive ASX Announcement for HCH
Current share price for HCH : $1.525 -0.445 (-22.59%)+
Announcement
Release
16 Jun 2026 8:43AM
Price at Release
$1.970
Full Release
Summary
Hot Chili Limited announced promising drilling results from its La Verde copper-gold porphyry discovery, located in Chile's Atacama region. The significant find includes diamond drill hole DKD044, which recorded 391.1 meters of mineralization grading 0.51% copper equivalent from the surface. This includes notable intersections such as 17.8 meters grading 0.68% copper equivalent. The results suggest strong continuity of high-grade mineralization, bolstering the potential for a high-grade starter pit for their Costa Fuego project. Additionally, pending assay results from other drill holes are expected to confirm further extensions of La Verde’s high-grade core. To expedite result processing, the company enlisted a second ISO-accredited laboratory.
Key Points
- La Verde copper-gold porphyry discovery shows strong results.
- DKD044 drill hole recorded 391.1 meters at 0.51% CuEq.
- Significant intersections include 17.8 meters at 0.68% CuEq.
- Potential high-grade starter pit opportunity for Costa Fuego.
- 22 drill holes have pending assay results.
- Second ISO-accredited lab engaged to speed up results.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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