Hot chili adds la verde cu mine to its costa fuego coastal copper hub, drilling underway

Highlights hot chili has executed an option agreement to acquire a 100% interest in the historical la verde copper mine (la verde), located 30 km south of the company's low-altitude, costa fuego copper-gold project in chile la verde encompasses 800m strike length of open pit workings, previously exploited by private interests for shallow porphyry copper-style oxide mineralisation the la verde option agreement, along with the recently executed domeyko option agreement (see announcement dated 30th april 2024), for the first time consolidates and provides access to, a much larger potential porphyry copper deposit footprint measuring approximately 1.4km by 1.2km a first-pass, 4,000m drill program commenced at la verde on 30th october 2024 , with one drill rig in operation and two drill holes already complete (assay results pending) hot chili has updated timing for the planned release of its next key catalysts to accommodate additional project optimisation and to align the outcomes of its copper and water studies: water supply business case study (pre-feasibility study level (pfs)) for huasco water has been brought forward - now planned for release in q1 2025 costa fuego pfs will be delivered in parallel with the huasco water pfs – now also planned for release in q1 2025 strong treasury of approximately a$25.7 million as of 30 september 2024 perth, australia , nov. 11, 2024 /prnewswire/ - hot chili limited (asx: hch) (tsxv: hch) (otcqx: hhlkf) ("hot chili" or the "company") is pleased to announce the company has entered into a three-year option agreement to acquire a 100% interest in the historical la verde open pit copper mine ("la verde"). la verde is located in the core of the historical domeyko mining district and lies approximately 30 km south of the company's costa fuego copper-gold project ("costa fuego" or "the project") planned central processing hub in the coastal range of the atacama region, chile.
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