Hot Chili confirmed a second porphyry centre, La Verde South, about 30 km south of the Costa Fuego processing hub, near-doubling the growth potential of La Verde. Step-out RC hole DKP084, about 250 m south of La Verde's +0.4% Cu footprint, intersected 148 m grading 0.44% CuEq (0.39% Cu, 0.07 g/t Au) from 36 m, including 44 m at 0.56% CuEq from 138 m. Diamond hole DKD100, 100 m further south, visually recorded a 307 m interval of copper porphyry-style mineralisation and was still drilling at 347 m toward a planned 500 m. The maiden La Verde Mineral Resource Estimate, the revised Costa Fuego PFS and the EIA submission remain on track, with 4 drill rigs operating and assays pending for 25 holes.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/16/2026 | 4,165.63 |
| Change that session | -0.13% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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