Mogotes Update on Exploration Plans in 2026-2027
Mogotes outlines a 78,000-metre drill plan across three jurisdictions to advance its mineral projects.
Mogotes Metals Inc. (MOG) has outlined its exploration strategy for the next 12 months across three key projects: Filo Sur in Argentina and Chile, Beskauga in Kazakhstan, and Copper Cliff in the USA. The company plans to significantly increase drilling activity, targeting up to 20,000 meters at Filo Sur, 50,000 meters at Beskauga, and 8,000–9,000 meters at Copper Cliff, with activities commencing or continuing in late 2026.
Filo Sur drilling is scheduled to restart in November 2026, focusing on extending the Albor breccia, expanding the Cruz del Sur porphyry, and testing new targets at Luz del Sol, Cuenca, and Meseta. At Beskauga, drilling is ongoing until winter, with first assay results expected in Q4 2026 and a Preliminary Economic Assessment (PEA) targeted within 12 months. Meanwhile, Copper Cliff permitting is pending, with work expected to start in November 2026.
The release also includes an update on the Beskauga project's PEA timeline and clarifies regulatory disclosures regarding a recent related-party transaction.
Mogotes Metals Inc. (MOG) outlined an exploration plan that serves as a direct follow-up to its September 4, 2026 announcement regarding the 20,000-meter Filo Sur program, as well as earlier disclosures in April and February 2026 concerning Beskauga and Copper Cliff. The update confirms previously disclosed capital allocation and drilling targets, aligning with management’s stated roadmap and prior market expectations.
Additionally, the company provided a clarification regarding a related-party transaction, which constitutes a routine regulatory disclosure and does not alter the company's financial or operational trajectory.
Mogotes Metals Inc. is a pre-revenue junior explorer advancing copper-gold-silver-molybdenum projects across four jurisdictions. Its flagship asset is the Filo Sur project, located in the Vicuña District straddling the Argentina-Chile border, which adjoins the BHP/Lundin Filo del Sol deposit. The company is currently in the early-stage exploration phase, and no mineral resources or economic studies have been completed for Filo Sur.
Recent exploration during the 2025-2026 season yielded two new discoveries: the high-grade Albor breccia and the Cruz del Sur gold-copper porphyry. Key intercepts from these discoveries include:
- Albor breccia: 180m @ 0.98% CuEq
- Cruz del Sur: 642m combined intercepts
The company also holds other assets, including Beskauga in Kazakhstan, which hosts a 203.8Mt indicated/inferred resource, and Copper Cliff in the USA, which is held under an option-to-JV agreement with Kennecott (Rio Tinto).