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HISTORY: Drone footage captured by a local showed the smoldering giant spewing gas from its snow-capped peak and a small lake of lava within.
The geology agency's South Andes Volcanic Observatory said small explosions from rocks and high temperatures are expected around the crater.
Authorities issued a yellow alert for neighboring regions and declared a 500-meter area around the crater a risk zone, although there is no immediate risk of an eruption.
The volcano near the popular tourist spot of Pucon is one of the most active in South America.
Located on what is known as the Pacific Rim of Fire, Chile has the second largest chain of volcanoes in the world after Indonesia, including about 500 that are potentially active.

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