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Hot Chili advances low-cost copper-gold pit plan in Chile after strong shallow drill results and rising global demand.
Hot Chili is advancing plans for a high-grade starter pit at its La Verde copper-gold discovery in Chile, following strong shallow drill results including 150m at 0.52% copper equivalent and 220m at 0.47%, both under thin overburden, suggesting low-cost near-surface mining.
The project, part of the larger Costa Fuego development, shows broad, continuous mineralization with potential for porphyry-style deposits, supported by deeper drilling revealing high-grade chalcopyrite.
The company is accelerating exploration with double-shift drilling and a second rig, while metallurgical tests using seawater show promising recovery rates.
Rising global copper demand from AI and electrification, coupled with high copper and gold prices, strengthens the project’s economic outlook.
Hot Chili avanza en el plan de minería de cobre y oro de bajo costo en Chile después de fuertes resultados de perforaciones poco profundas y el aumento de la demanda global.