Hot Chili's Share Price Climbs on Strong Drilling Results from La Verde
Hot Chili Limited's (ASX:HCH) shares have been on an upward trend over the past month, increasing by around 13% to $1.60 per share.
The company's drilling results from La Verde in Chile have been a major contributor to this growth, with recent intersections extending the known mineralised footprint of the copper-gold deposit.
One notable result was diamond drill hole DKD060, which returned 472 metres at 0.41% CuEq from 49 metres depth, including a higher-grade 105.8-metre interval at 0.70% CuEq from 397 metres.
Hot Chili has added a fourth drill rig to accelerate the program, with assays still pending for 18 drillholes, comprising one diamond hole and 16 reverse circulation holes.
The company plans to complete a maiden Mineral Resource Estimate for La Verde later in 2026 and incorporate it into a revised Pre-Feasibility Study for Costa Fuego.