Kobrea drills 1,739 metres to date at El Perdido

Executive Summary

• Kobrea Exploration Corp. has expanded its Phase 1 diamond drill program at the El Perdido porphyry copper-gold-molybdenum system in Argentina, commencing a fourth drill hole after completing three initial holes.
• The company has drilled a total of 1,739 metres to date across three holes, with the fourth hole targeting a specific zone of strong pyrite-chalcopyrite-molybdenum stockwork veining to extend mineralization to depth.
• The expansion is based on geological observations from the first three holes, which provided valuable data supporting the refinement of the system's understanding.

Key Details

• Total Metreage: 1,739 metres drilled to date.
• Hole Count: Three holes completed; fourth hole commenced.
• Hole DD26ELP001: Drilled to a depth of 603 metres. Encountered potassically altered early mineral quartz diorite porphyry with strong pyrite-chalcopyrite-molybdenum stockwork veining.
• Hole DD26ELP002: Drilled to a depth of 474 metres.
• Hole DD26ELP003: Drilled to a depth of 662 metres.
• Hole DD26ELP004:
  • Status: Commenced approximately 220 metres east of the initial drill pad.
  • Target Depth: 600 metres.
  • Objective: Targeting the zone of strong pyrite-chalcopyrite-molybdenum stockwork veining within potassically altered early mineral quartz diorite porphyry encountered in DD26ELP001, with the intent of extending the mineralized zone to depth.
• Project Location: El Perdido porphyry system, Mendoza Province, Argentina.
• Project Interest: Kobrea holds the right to earn a 100-per-cent interest in seven projects totalling 733 square kilometres in southwestern Mendoza province.
• Qualified Person: Rory Ritchie, PGeo, vice-president, exploration, and a director of Kobrea.

Notable Quotes

• "The drill program at El Perdido continues to advance efficiently, supported by the efforts of our contractors and employees on site," stated James Hedalen, chief executive officer.
• "Geological observations from the first three holes provided valuable geological information that supports expanding the program with a fourth hole to further test and refine our understanding of the system."