Corcel Exploration plans phase 1 drilling at Yuma King

Executive Summary

• Corcel Exploration Inc. announced a Phase 1 maiden drill program of approximately 2,000 metres at its 100%‑owned Yuma King project in west‑central Arizona, targeting Cu‑Au skarn and porphyry mineralization.
• The program will include an induced‑polarisation (IP) geophysical survey covering ~8.5 km of lines over the Three Musketeers, Yuma King West and historic mine areas to identify subsurface anomalies down to ~400 m depth.
• Additional surface work—hyperspectral mapping, geological mapping, and geochemical sampling—will support target refinement for this drill campaign and a subsequent Phase 2 program.

Key Details

• Drill Program Scope: ~2,000 m of diamond drilling planned for winter 2025, to be executed in 8–10 holes.
• Target Objectives:
• Confirm historical drill results (e.g., 0.78 % Cu, 0.53 g/t Au, 6.3 g/t Ag over 45.4 m).
• Extend known Cu‑Au skarn and porphyry zones along strike and downdip.
• Identify new high‑grade Cu‑Au mineralization areas.
• Geophysical Survey: ~8.5 km of IP lines across three target zones, imaging to ~400 m depth; intended to detect sulphide mineralization where no historic drilling exists.
• Surface Exploration Activities:
• Remote‑sensing hyperspectral alteration survey.
• Detailed geological mapping and surface geochemical sampling.
• Data Integration: IP results will be combined with recent drone magnetic, soil, and rock chip data to prioritize targets for a future Phase 2 drill program on untested portions of the property.
• Qualified Person Statement: Roy Greig, PhD, PGeo (QP) reviewed and approved the technical content; historical data were not independently verified but are considered reliable for guiding exploration.

Notable Quotes

“The upcoming 2025 Yuma King drill program marks a pivotal step for Corcel as we look to unlock the Yuma King copper‑gold system,” – Jon Ward, CEO
“With drill targeting supported by strong magnetic anomalies, soil results and high‑grade rock samples, we are positioned to rapidly confirm historic grades, expand known zones and test new targets.” – Jon Ward, CEO