Corcel Exploration begins drilling at Yuma King

Executive Summary

• Corcel Exploration Inc. has commenced its initial drill program at the Yuma King project in Arizona, marking a transition from surface exploration and geophysics to systematic drill testing.
• The company successfully completed a 10-line-kilometre 2-D pole-dipole induced polarization (IP) geophysical survey over the Yuma King West and Yuma King mine targets, with data interpretation currently underway.
• The Phase 1 drilling program is fully permitted and expected to comprise approximately 1,500 metres of diamond drilling across six to eight sites, targeting copper-gold skarn and porphyry systems.

Key Details

• Drilling Program Scope:
  • Total expected volume: Approximately 1,500 metres of diamond drilling.
  • Number of sites: Six to eight drill sites.
  • Location: Yuma King mine area and surrounding targets.
  • Status: Fully permitted Phase 1 program; site preparation and drill pad construction are complete.
• Technical Objectives:
  • Confirm historical drilling and validate previously reported mineralized intervals.
  • Expand known mineralized zones along strike and downdip.
  • Test new targets generated from integrated geophysical and geochemical data sets.
  • Evaluate porphyry potential underlying known skarn mineralization.
• Geophysical Survey (IP):
  • Type: 2-D pole-dipole Induced Polarization (IP) survey.
  • Size: 10 line-kilometres.
  • Coverage: Priority target areas at Yuma King mine and Yuma King West.
  • Purpose: Map chargeability anomalies associated with sulphide mineralization, define structural controls/alteration patterns, and identify potential zones beneath shallow cover.
  • Status: Survey completed; data processing under way.
• Geological Context:
  • Targets include copper-gold skarn mineralization and a broader porphyry system.
  • The system remains open along strike, at depth, and across multiple target corridors.
  • Historical work indicates past underground production of copper, lead, gold, and silver (1940–1963).
• Qualified Person:
  • Roy Greig, PhD, PGeo, has reviewed and approved the technical content.
  • Note: The QP has not been able to verify historical exploration data as original materials are inaccessible, though data is believed accurate for guiding future exploration.

Notable Quotes

• "The initiation of drilling marks a significant and exciting step for Corcel as the company advances Yuma King systematically through surface exploration and geophysics into systematic drill testing of a large-scale copper-gold system," commented chief executive officer Jon Ward.