Precore Gold Begins Brownfield Exploration Program at Flagship Arikepay Project

Executive Summary

• Precore Gold announced the launch of a brownfield exploration program at its flagship Arikepay Project in Arequipa, Peru.
• The company has recovered historic drill core and cuttings, identified high‑grade historical intercepts, and outlined immediate work to secure permits, improve access, and conduct geophysical and downhole imaging surveys ahead of the inaugural drilling campaign.
• The program targets follow‑up drilling on historic high‑grade holes (e.g., AK‑DDH‑02‑17) that have not been re‑tested in over a decade, positioning the project for near‑term value creation.

Key Details

• Site Visit Outcomes: Located previous drill hole positions; recovered 2017 diamond drill core from Compania Minera Zahena and 2012 RC cuttings from Cobriza Metals Peru; retrieved high‑grade core from hole AK‑DDH‑02‑17 for future study.
• Permitting Pathway: Initiated water‑use permit filings; updating Certificate of Non‑Existence Archaeological Remains (CIRA) to reflect new drill pad locations; community outreach program slated to begin in December.
• Infrastructure Work: Refreshing access road by removing wind‑drift sand – expected to be low‑cost and quick.
• Exploration Activities Planned:
• High‑resolution downhole imaging to define gold mineralization geometry.
• Induced polarization (IP) geophysical survey to map sulfide concentrations associated with gold.
• Definition of priority drill targets for the maiden drilling program.
• Historical Drill Highlights (selected):
• 142 m @ 0.37% Cu, 0.17 g/t Au, 2.02 g/t Ag from 66 m (RC‑012‑ARI‑006).
• 357 m @ 0.29% Cu, 0.11 g/t Au, 1.16 g/t Ag from 78 m (AK‑DDH‑10‑17).
• 420 m @ 0.91 g/t Au, 1.16 g/t Ag, 0.04% Cu from 30 m (AK‑DDH‑02‑17), including 81 m @ 3.17 g/t Au, 2.12 g/t Ag, 0.07% Cu.
• Priority Target: No follow‑up drilling has been done on the high‑grade AK‑DDH‑02‑17 intercepts for >10 years; these will be the focus of the upcoming drill program.
• Qualified Person: Technical content reviewed and approved by Louis Gariépy, P.Eng (OIQ #107538), Lead Technical Advisor, qualified under NI 43‑101.

Notable Quotes

“There has never been a better time to develop a large, underexplored and highly prospective copper‑gold property… We are extremely excited to begin our exploration campaign and to start uncovering the value of Arikepay.” – Paul A. Dumas, Executive Chairman, Precore Gold Corp.