Kobrea Exploration moves crews, drill to El Perdido

Executive Summary

• Kobrea Exploration Corp. has mobilized field crews and drill rigs to the El Perdido porphyry system in western Mendoza, Argentina, preparing for its first‑ever phase 1 diamond drilling program.
• The 6,878‑hectare El Perdido project hosts a surface‑defined copper‑gold‑molybdenum porphyry system that has not yet been drilled; the upcoming program will target the centre of the alteration footprint where quartz stockwork veining is densest.
• Drilling is expected to commence next week, with results to be released once the drill rigs are on site and initial holes have been completed.

Key Details

• Project Scope: El Perdido covers 6,878 ha (≈68.78 km²) within Kobrea’s right‑to‑earn portfolio of seven projects totaling >733 km² in southwestern Mendoza Province, Argentina.
• Target Geology: A 2 km × 2 km hydrothermal alteration footprint exhibiting classic porphyry assemblages (phyllic, potassic), anomalous Cu–Au–Mo geochemistry, quartz‑stockwork veining, and extensive brecciation.
• Drilling Plan: Phase 1 will be a diamond drill program focused on the centre of the system where the highest density of quartz stockwork associated with potassic alteration occurs; specific hole locations and depths have not yet been disclosed.
• Timeline: Field crews are already on site; drilling is slated to begin next week (early September 2024). Results will be communicated after initial holes are completed.
• Qualified Person: Technical content reviewed and approved by Rory Ritchie, P.Geo., Vice‑President Exploration and Director of Kobrea, qualified under NI 43‑101.

Notable Quotes

“Our crew has worked hard in advance of the first‑ever drill program at El Perdido,” said James Hedalen, Chief Executive Officer. “We would like to extend our gratitude to everyone who has enabled us to get to this point… We are expecting to begin drilling next week and will provide information on the initial drill program once the drills are at site.”