Tribeca Resources Pre-Drilling Field Program Reveals Potential District-Scale Porphyry Epithermal Cluster At Jiguata Project
Tribeca completes drilling at Jiguata and La Higuera, awaiting assay results to define grades and widths for future resource estimates.
Tribeca Resources Corporation (TRBC) released technical updates from pre-drilling field programs at its Jiguata high sulphidation-porphyry copper project in northern Chile. Geological mapping, spectral analysis, geochemistry, and geophysical modeling identified district-scale porphyry and high sulphidation epithermal clusters. La Soberana and Cetro Dorado are highlighted as the primary initial drill targets for the upcoming maiden drill program.
At the La Higuera IOCG project, drilling at the Chirsposo Sur target has been completed, consisting of four holes totaling approximately 1,050 meters, with assay results pending. Management states the pre-drilling programs have materially improved understanding of the property and advanced Jiguata toward the maiden drill program.
Tribeca Resources Corporation’s latest update follows through on management’s previously announced exploration plan, confirming that surface data acquisition and geophysical surveys at Jiguata are complete and that the La Higuera drill program has finished its initial phase. No new financial metrics, resource estimates, or definitive assay results were disclosed. The market had already priced in the expectation that pre-drilling would conclude and drilling would commence in Q1 2026.
The news is incremental and expected, and it does not alter the fundamental risk/reward profile until assay results are released and integrated into a drill plan. The primary value driver remains the pending Chirsposo Sur assays and the subsequent Jiguata maiden drill results.
Tribeca Resources Corporation (TRBC) is a junior copper explorer focused on northern Chile. Its flagship asset is the La Higuera Iron Oxide Copper-Gold (IOCG) Project. The company recently exercised its purchase option to acquire 100% ownership of the Gaby-Totito property, consolidating the flagship project.
The company’s other portfolio assets include Jiguata, a high sulphidation porphyry copper deposit held under a 5-year purchase option, and Chiricuto, an earlier-stage porphyry copper-gold-molybdenum project held under option. Management is led by Dr. Paul Gow, CEO and Qualified Person, and Thomas Schmidt, President.