Four Rigs Now Turning at Pecoy
Pecoy deploys four rigs for a 35,000-metre 2026 drilling program ramping up at its project in Peru.
Pecoy Copper Corp. announced that four drill rigs are currently operating at its Pecoy Project in southern Peru, with a fifth rig planned for future deployment. The company is executing a fully funded 2026 exploration program targeting approximately 35,000 metres of drilling. The operational focus remains on expanding known mineralization, testing high-priority targets, and advancing the geological understanding of the broader porphyry system. This update follows the January 2026 announcement of a 40,000-metre program and the commencement of drilling in late 2025. The release confirms management's stated timeline for ramping up drilling capacity and highlights that substantial assay results are still pending.
Pecoy Copper Corp. (PCU) confirmed the execution of its previously announced 2026 exploration plan, ramping up to four active rigs in alignment with management's operational guidance. The release serves strictly as an operational status update, containing no new assay results, resource updates, or metallurgical data.
Because the market had already priced in the 40,000-metre program and the multi-rig ramp-up, this represents an expected, incremental update. The development validates execution but does not materially alter the valuation thesis until assay results and metallurgical validation are released.
Pecoy Copper Corp. is a 100%-owned exploration company focused on the Pecoy Copper-Gold-Molybdenum-Silver Project in southern Peru's Arequipa region. The project is a large, undeveloped porphyry system located at approximately 1,650 meters in elevation, with access to infrastructure, power, water, and Pacific ports.
The company has consolidated previously fractured ownership and is now operating under a single operator for the first time. Current activities include Phase 1 exploration drilling, targeting resource expansion and metallurgical testwork. A preliminary economic assessment and starter pit analysis are planned for 2026-2027.
The inferred resource stands at 865 million tonnes at 0.34% copper, representing approximately 6.5 billion pounds of copper, with associated gold, molybdenum, and silver credits.