Corcel flags historical Yuma King drill results

Executive Summary

• Corcel Exploration released historical drill‑hole data from the Yuma King project showing multiple intervals of copper‑gold‑silver skarn mineralization, with up to 36.9 m of 0.62 % Cu and 0.53 g/t Au.
• The results confirm at least 500 m of down‑dip extension of the skarn system and support a planned Phase I drill program targeting a potential 1.6 km strike length and associated porphyry Cu‑Au‑Mo mineralization.
• The company announced ancillary service agreements for market making (ICP Securities) and press release distribution (Investing News Network), but these are routine administrative items.

Key Details

• Historical Production (1940‑1963): 7,917 t mined; 461,686 lb Cu @ 2.65 % avg., 2,700 lb Pb, 261 oz Au @ 0.94 g/t, 5,371 oz Ag @ 19.4 g/t.
• Drilling Campaigns:
• 2006 – 5 sites (YK01‑YK04, YK06), 19 holes, ~3,900 m total depth.
• 2011 – AV‑1 and AV‑21 holes.
• Key Intercepts:
• Hole YK01‑A: 45.4 m @ 0.78 % Cu, 0.53 g/t Au, 6.3 g/t Ag (starting at 4.6 m).
• Hole YK01‑B: 36.9 m @ 0.62 % Cu, 0.53 g/t Au, 3.8 g/t Ag (starting at 5.2 m).
• Hole YK01‑C: 24.4 m @ 0.74 % Cu, 0.48 g/t Au, 4.4 g/t Ag (starting at 5.9 m).
• Hole YK01‑D: 30.8 m @ 0.55 % Cu, 0.56 g/t Au, 4.7 g/t Ag (starting at 6.7 m).
• Hole AV‑1: 27.4 m @ 0.14 % Cu, 0.08 g/t Au, 1.1 g/t Ag (starting at 344.4 m), ~400 m down‑dip from historic mine.
• Mineralogy: Primary hosts are dolomite, dolomite skarn and marble skarn; intersected by Cu‑Au‑Mo mineralized Jurassic porphyritic intrusions.
• Extension Potential: Down‑dip extension demonstrated over at least 500 m; strike potential estimated up to 1.6 km.
• Future Exploration Plans:
• Phase I drill program to test extensions of known skarn horizons and associated porphyry Cu‑Au‑Mo targets.
• Additional geophysical work (induced polarization) in the Three Musketeers area, hyperspectral imaging for alteration mapping, and continued 3‑D data integration.
• Technical Disclosure: Qualified Person Roy Greig, PhD, PGeo reviewed and approved content; historical data not independently verified but considered reliable for exploration guidance.
• Administrative Service Agreements (non‑material):
• ICP Securities – market‑making services, $7,500 /month, four‑month initial term starting 2025‑09‑25.
• Dig Media Inc./Investing News Network – advertising and press release syndication, $12,000 total over 13 months, quarterly payments.

Notable Quotes

• “The historical drilling at Yuma King demonstrates the strength and continuity of the copper‑gold skarn system… The next phase of exploration … will further unlock the broader potential for our shareholders.” – Jon Ward, Chief Executive Officer.