Northwire Canada EditionFriday, July 10, 2026
Northwire
TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Material +

Hot Chili Confirms Major High-Grade Extension at La Verde from Standout Drill Result of 62 m @ 1.03% CuEq Superscript 1 within 725 m @ 0.42% CuEq Superscript 1 from 18 m depth

Hot Chili’s La Verde drill hits 62 m @ 1.03% CuEq, extending high‑grade core and sharpening the path to a starter pit

Executive Summary
  • On 8 Apr 2026 the company announced a landmark intercept in hole DKD039 at La Verde: 725 m @ 0.42 % CuEq, with a 62 m interval grading 1.03 % CuEq extending the high‑grade core ~200 m down‑dip.
  • The result is described as the “most significant drill result to date” and confirms a major down‑dip extension of the high‑grade zone that underpins the planned higher‑grade starter pit for the adjacent Costa Fuego project.
  • Two rigs are already on site; a third rig will be mobilised in May to accelerate definition of a higher‑grade resource and support a feasibility study.
  • All assay results for eleven additional holes (four diamond, seven RC) are still pending.
Material Impact
  • Materiality: The intercept adds both length and grade to the core that is central to the company’s value driver – a starter pit that could dramatically improve early cash‑flow and NPV of Costa Fuego.
  • Expectation vs. reality: Prior releases (Feb 2026, Dec 2025) highlighted high‑grade near‑surface intercepts and projected a down‑dip extension. This result exceeds those expectations by delivering the widest high‑grade core yet and confirming depth continuity, moving the project from “promising” to “near‑term economic”.
  • Market impact: The news is genuinely new (no prior public disclosure of this specific interval) and should be viewed as a catalyst that justifies re‑rating the stock upward. It is not merely routine drill follow‑up; it materially upgrades the resource potential and de‑rises capital risk for the starter pit.
HCH · Price
Company Overview

Hot Chili Ltd. is an Australian‑registered explorer focused on copper‑gold porphyry systems in Chile’s Atacama region. Its flagship Costa Fuego project comprises a large, near‑surface Cu‑Au system with a 502 Mt Probable Ore Reserve (0.37 % Cu, 0.10 g/t Au). The newly discovered La Verde satellite deposit lies ~30 km south and is being drilled to define a high‑grade starter pit that could accelerate cash‑flow generation.

Read the original news release →

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