Azucar To Commence Copper-Gold Exploration in Nevada, USA

Executive Summary

• Azucar Minerals announces the start of field work in early October 2025 and outlines exploration programs through 2026 on three Nevada properties where it holds options for a 60% interest.
• High‑grade grab samples (up to 7.1 g/t Au) and check‑sample results (10.05 g/t Au) were returned from the Confusion Hills Project, supporting the presence of gold‑bearing high‑sulphidation alteration.
• Drill permits have been approved for both the Confusion Hills and Pilot Projects; IP geophysical surveys are underway to define drill targets across all three prospects.

Key Details

• Properties Covered: Red Ring, Confusion Hills, and Pilot projects in central Nevada (all prospective copper‑gold porphyry systems).
• Exploration Activities Commencing:
• Immediate induced polarization (IP) geophysical surveys at Pilot and Red Ring Projects.
• Logistical studies for a near‑term “first pass” drill program at Confusion Hills.
• Confusion Hills Results:
• Grab samples up to 7.1 g/t Au; four check samples from the independent NI 43‑101 report ranged 0.08–10.05 g/t Au, averaging 2.6 g/t Au.
• IP survey identified a chargeability anomaly adjacent to gold‑bearing breccia.
• Drill permit approved for preliminary drilling on the identified anomaly.
• Red Ring Results:
• Recent IP survey detected high resistivity in surface silicified rock and a deeper chargeability feature.
• Additional IP lines planned to delineate anomaly scale.
• Pilot Project Highlights:
• Porphyry target defined with exposed veined tonalite bodies; alteration dominated by pyrophyllite and white mica.
• Soil sampling shows anomalous Cu‑Mo‑Au coincident with high IP chargeability and a magnetic high.
• Drill permit already approved for the Pilot Project.
• Historical Work (2024–2025):
• Almadex performed extensive alteration mapping, rock/soil sampling, IP geophysics, drone‑based magnetics, and a drill permit was secured for both Pilot and Confusion Hills projects.
• Qualified Persons: Morgan J. Poliquin, PhD, PEng (President & CEO) and Brian Brewer, MSc, CPG reviewed and approved the technical content; NI 43‑101 reports filed on SEDAR.
• Forward‑Looking Statements: The release includes expectations that Azucar will exercise its option to acquire 60% interests and advance exploration, subject to market, financing, and other risks.

Notable Quotes

“The new grab and check‑sample results are highly encouraging and reinforce our confidence in the gold potential of Confusion Hills,” – Morgan J. Poliquin, President & CEO, Azucar Minerals Ltd.