Corcel Exploration Reports Historical Drill Results Ahead of Planned Phase I Drill Program

Executive Summary

• Corcel Exploration released historical drilling results from the Yuma King mine, highlighting multiple high‑grade copper–gold skarn intercepts extending both up‑dip and down‑dip of historic workings.
• The data demonstrate at least 500 m of down‑dip skarn continuity and a strike potential of ~1.6 km, supporting a forthcoming Phase I drill program aimed at expanding the known mineralization envelope.
• The company also disclosed new service agreements for market‑making (ICP Securities) and press‑release/advertising services (Investing News Network).

Key Details

• Historical Production (1940‑1963): 461,686 lb Cu @ 2.65 % avg., 261 oz Au @ 0.94 g/t, 5,371 oz Ag @ 19.4 g/t.
• Drilling Overview: 21 holes, >3,900 m total depth from campaigns in 2006 (5 sites) and 2011 (AV‑1, AV‑21).
• Key Intercepts – 2006 Campaign:
• 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 (5.2 m).
• Hole YK01‑C: 24.4 m @ 0.74 % Cu, 0.48 g/t Au, 4.4 g/t Ag (5.9 m).
• Hole YK01‑D3: 30.8 m @ 0.55 % Cu, 0.56 g/t Au, 4.7 g/t Ag (6.7 m).
• Key Intercept – 2011 Campaign:
• Hole AV‑1: 27.4 m @ 0.14 % Cu, 0.08 g/t Au, 1.1 g/t Ag (344.4 m), ~400 m down‑dip step‑out from historic mine.
• Geological Context: Skarn mineralization hosted in dolomite, dolomite skarn, and marble skarn; intersected by Cu‑Au‑Mo‑bearing Jurassic porphyritic intrusions.
• Continuity & Extent: Demonstrated ≥500 m down‑dip continuity and ~1.6 km strike potential of the copper–gold skarn system.
• Future Exploration Plans:
• Phase I drill program to test extensions of known skarn horizons and adjacent porphyry Cu‑Au‑Mo targets.
• Additional geophysical work (Induced Polarization) in the nearby Three Musketeers area.
• Hyperspectral imaging and continued 3‑D data integration for target refinement.
• Technical Disclosure: Qualified Person Roy Greig, Ph.D., P.Geo, reviewed and approved technical content; historical data not independently verified but considered reliable for exploration guidance.
• Service Agreements (Administrative):
• Market‑making services with ICP Securities Inc.; fee C$7,500/month plus taxes, four‑month term starting 2025‑09‑25, auto‑renewal monthly.
• Advertising/press‑release syndication with Dig Media Inc./Investing News Network; total consideration C$12,000 + taxes, payable quarterly over a 13‑month term beginning 2025‑07‑31.

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, CEO