Latest Chile News

Flagship Minerals has raised A$1.25 million through a share placement and convertible note conversions to advance the Pantanillo Gold Project towards a JORC-compliant resource. The funds will support drilling, metallurgical testing, and environmental studies aimed at unlocking the project’s significant gold inventory.

Tesoro Gold has reported significant new gold mineralisation outside the current Ternera deposit boundary at its El Zorro project in Chile, reinforcing prospects for resource expansion. Ongoing drilling continues to delineate promising zones that could boost the upcoming Mineral Resource Estimate.

Hot Chili Limited has identified multiple new porphyry copper-gold targets adjacent to its La Verde discovery in Chile, signaling a potential district-scale mineral system. The company plans to advance exploration with phase-two drilling targeting these promising blind deposits.

Andean Silver Limited has expanded its Cerro Bayo project in Chile with the discovery of a new 1.2km mineralised vein system, featuring exceptionally high-grade silver and gold assays. This breakthrough significantly extends the known Droughtmaster Corridor and sets the stage for upcoming drilling results.

Asara Resources reveals a robust 923,000-ounce gold resource at its Kada Project in Guinea’s prolific Siguiri Basin, setting the stage for extensive drilling and expansion in 2025.

Hot Chili Limited has announced a significant expansion of its La Verde copper-gold porphyry discovery in Chile, doubling the known mineralisation footprint and confirming multiple higher-grade zones. The discovery remains open for further growth with phase-two drilling planned.

Marimaca Copper has confirmed significant copper mineralization extending the Pampa Medina Norte discovery, with high-grade oxide and new sulphide zones identified in deep drilling. Assays for deeper intervals are pending, hinting at a potentially large, stacked copper system.

Freehill Mining is set to boost its Chilean operations with a second processing site launching in June, alongside advancing magnetite sampling and copper-gold exploration projects.

Marimaca Copper Corp reported a net loss of $2.25 million for Q1 2025, maintaining solid liquidity while managing risks tied to a significant receivable under liquidation proceedings.

Culpeo Minerals has secured A$3.02 million through a placement to fund extensive drilling at its promising copper projects in Chile, targeting high-grade zones that could reshape its resource profile.

Asara Resources has amicably settled its legal dispute with joint venture partner Costa Rica Dos over the Loreto Copper Project in Chile, paving the way for clearer project ownership and collaboration.

Hot Chili Limited has appointed two seasoned mining executives to its leadership team, enhancing its expertise as it advances the Costa Fuego copper-gold project towards definitive feasibility studies.