Hot Chili jumps 237.9% in 12 months after La Verde drill hole hits 391.1m at 0.51% CuEq

Hot Chili Ltd (ASX: HCH) reported results from a single drill hole at its La Verde project in Chile, returning 391.1 metres grading 0.51% copper equivalent, made up of 0.42% copper and 0.11 grams of gold per tonne, including higher-grade intervals. Assay results are pending for 22 additional drill holes. The company is accelerating work on a maiden Mineral Resource estimate and a revised prefeasibility study for its Costa Fuego copper-gold project.