King Copper Discovery Receives DIA Approval for 36,010-metre Drill Program at the Colquemayo Project
King advances its Peru copper project after clearing the DIA hurdle, unlocking a 36km drill program to test the deposit.
King Copper Discovery Corp. has received approval of its Declaración de Impacto Ambiental (DIA) for the Colquemayo Project in southern Peru. The DIA authorizes a comprehensive exploration drill program of up to 36,010 metres across 59 holes from 40 platforms. The company confirms it is fully funded for this program, which targets priority areas identified through recent geological reinterpretation and historical data analysis.
Exploration will focus on extensions to high-grade epithermal mineralization and underlying copper porphyry systems. Historical drilling highlights include a 237.3-metre intercept at 2.4% copper, with high-grade intervals up to 15.15 metres at 27% copper. The project is located in a prolific copper region near major mines like Cerro Verde and Quellaveco.
King Copper Discovery Corp. (KCP) has secured the Development Impact Assessment (DIA) approval, a critical regulatory milestone that removes the primary permitting barrier to commencing its planned 36,000-metre drill program. This development follows the company’s Q1 2026 announcement that the DIA had been submitted and core re-logging was complete.
The approval validates management's progress but does not yet de-risk the geological outcome or guarantee economic mineralization. While positive for execution timelines, it does not constitute a material surprise or a fundamental change in the project's valuation drivers. The market likely priced in this approval given the explicit funding status and prior management commentary.
King Copper Discovery Corp. is an exploration-stage company focused on copper-gold-silver projects in South America. Its flagship property, Colquemayo in Peru, is a 6,600-hectare, road-accessible site featuring a 12-kilometre strike-length high-sulphidation epithermal system. The geological model draws parallels to linked epithermal-porphyry systems like Filo del Sol in Argentina.
The company also holds a secondary project, San Francisco in Argentina, which is currently undergoing desk-top evaluation and surface sampling. High-grade gold intercepts have been reported at the Veta Rica vein. Management is led by CEO Jonathan Richards, with technical oversight provided by Dr. Rohan Wolfe, the Qualified Person.