Latest Chile News

Asara Resources (ASX:AS1) is pushing ahead at its Kada Gold Project in Guinea’s prolific Siguiri Basin, boasting a 923,000-ounce gold resource and launching expansive 2026 drilling campaigns aimed at significantly growing both Indicated and Inferred categories.

Cobre Limited has kicked off a major 40,000-metre drilling campaign at its Sierra Atacama copper project in Chile, aiming to convert its existing NI 43-101 resource to JORC compliance and explore opportunities for a larger open-pit operation.

Southern Hemisphere Mining and partner FMR Resources have reported broad gold-copper-molybdenum mineralisation at the Southern Porphyry target in Chile, confirming a large porphyry system. Despite fertile intrusive phases intersected, the mineralised core remains elusive, setting the stage for targeted Phase II drilling.

FMR Resources has reported assay results from three diamond drillholes at the Southern Porphyry target within its Chilean Llahuin Project, confirming a large, vertically extensive porphyry-related hydrothermal system. While the causative porphyry core remains untested, elevated gold and molybdenum values suggest proximity, prompting plans for a focused Phase II drill program.

Hot Chili Limited has reported significant drill results from its La Verde porphyry discovery in Chile, including a standout 725-metre intersection grading 0.42% copper equivalent and a 62-metre high-grade core extension at 1.03% CuEq. These results confirm a major down-dip extension of the high-grade core and near-surface mineralisation, supporting development plans for the Costa Fuego project.

Tesoro Gold has issued a replacement Appendix 5B for the December 2025 quarter to correct an administrative error and reclassify certain deposits, ensuring consistency with its audited FY2025 financial statements.

Asara Resources reports strong drilling results at its Massan deposit within the Kada Gold Project, confirming continuity and extensions of high-grade gold mineralisation. The company advances its resource growth strategy with ongoing drilling and plans for a Mineral Resource Estimate update.

FMR Resources has reported extensive mineralised intersections in drillhole 26LHDD073 at Target L within the Llahuin Project JV, highlighting promising porphyry copper-gold-molybdenum potential. Assay results are anticipated in June 2026, setting the stage for a focused Phase II drilling campaign.

Tesoro Gold reports strong assay results from its ongoing infill drilling at the Ternera Gold Deposit in Chile, reinforcing the deposit’s continuity ahead of a mid-year resource update. The company is also preparing to shift focus to a new discovery drilling campaign across the district.

FMR Resources has completed a deep diamond drillhole at Target L within its Chilean Llahuin Project, intersecting extensive mineralised porphyry and stockwork breccia zones with visible copper and molybdenite sulphides. The results confirm a significant porphyry system beneath volcanic cover, setting the stage for targeted Phase II drilling.

Andean Silver Limited has reported exceptional drilling results at its Cerro Bayo Silver-Gold Project in Chile, with assays revealing grades up to 1,523g/t silver equivalent. These findings support a resource upgrade and underpin ongoing restart studies.

Eagle Mountain Mining secures a major milestone as Nittetsu Mining's board approves a joint venture deal to develop the Oracle Ridge copper-gold project in Arizona, with binding agreements expected soon.