Kobrea begins drilling at El Perdido system

Executive Summary

• Kobrea Exploration Corp. has commenced its first-ever phase 1 diamond drilling program at the El Perdido porphyry system within its Western Malargue copper projects in Argentina.
• The initial program consists of three drill holes, each targeting a depth of 500 meters, designed to test the interpreted core of the porphyry system beneath the leached cap to assess copper, gold, and molybdenum mineralization.
• The company simultaneously entered into a public relations services agreement with Think Ink Marketing for $120,000 USD over a six-month term.

Key Details

• Drilling Program Scope: Phase 1 diamond drilling at the El Perdido porphyry copper-gold-molybdenum prospect.
• Hole Specifications:
  • Target Depth: 500 meters per hole.
  • Capabilities: Rigs capable of drilling over 1,000 meters using HQ and NQ sized core.
  • Hole 1 (DD26ELP001): Collars into early quartz diorite porphyry with high-density quartz stockwork veining. Oriented due east at an inclination of minus 55 degrees. Expected to pass through mineral quartz diorite porphyry phases before encountering vertically emplaced hydrothermal breccia.
  • Holes 2 & 3: Expected to encounter similar geological units, alteration, and mineralization as Hole 1. Results will guide subsequent drilling to vector toward higher-temperature alteration and early porphyry phases.
• Geological Context:
  • Drilling targets the core of the system under the leached cap into early quartz diorite porphyry and hydrothermal breccia.
  • Surface rocks show well-developed mineral leaching and are anomalous in copper, gold, and molybdenum.
  • Drilling is necessary to ascertain the grade of copper mineralization beneath the leached cap.
• PR Agreement:
  • Counterparty: Think Ink Marketing Data and Email Services (arm's-length party).
  • Principal: Claire Stevens.
  • Term: Initial term of six months.
  • Consideration: Aggregate amount of $120,000 (U.S.).
  • Services: Native/display advertising (Google, Taboola), video content distribution (YouTube), social media coverage (X, TikTok, Meta), and e-mail distribution.

Notable Quotes

• "Drilling has begun at the first ever drill program at El Perdido... This milestone reflects our commitment to unlock the value in this emerging district and marks the first drill test on these claims in history." — James Hedalen, Chief Executive Officer