08:22 AM EDT, 05/29/2025 (MT Newswires) -- Hot Chili ( HHLKF ) said Thursday that a potentially large porphyry cluster is emerging at the La Verde copper-gold porphyry discovery located 30 kilometers from the Costa Fuego copper-gold project in Chile.

The company identified three priority targets after completing drilling in the area and is expanding the phase two drill program at La Verde to extend the discovery and conduct first-pass drilling of the additional targets. The regulatory drill pad application for second-pass drilling is expected to be approved in September, Hot Chili ( HHLKF ) said.

Hot Chili's ( HHLKF ) share price gained 1% on Wednesday to $0.495 on the TSXV.