Drill Results
Algo Grande Reports Results from Completed Phase I Drill Program at Cerro Grande Skarn
ALGR · Price
Executive Summary
- Phase I drill program at the Cerro Grande Skarn target intersected multiple high‑grade copper‑silver‑gold zones, including a standout intercept of 18.2 m @ 1.8 % CuEq (1.2 % Cu, 28.2 g/t Ag, 0.7 g/t Au) and 3.5 m @ 3.9 % CuEq.
- Five distinct skarn horizons were identified (three newly discovered), confirming a vertically stacked, multi‑horizon skarn system that remains open laterally and at depth with clear porphyry‑related molybdenum vectors.
- Total of 104.76 m above 0.8 % CuEq intersected across the four holes; Phase II drilling slated for May 2026 to expand the footprint, test deeper porphyry targets, and pursue district‑scale exploration.
Key Details
- Drill Program Scope: 4 holes (AG_GC_001‑004), total 1,998 m drilled between 23 Nov 2025 – 4 Feb 2026.
- Core Recovery: >95 % average; high confidence in assay reliability.
Significant Intercepts
| Hole | Interval (m) | Length | Cu % | Au g/t | Ag g/t | CuEq % |
|---|---|---|---|---|---|---|
| AG_GC_003 | – | 18.2 m | 1.2 % | 0.7 | 28.2 | 1.8 % |
| AG_GC_003 | – | 3.5 m | 2.4 % | 1.8 | 61.1 | 3.9 % |
| (Other intervals) | Various | 57 m total >1.8 % CuEq across multiple zones |
- Overall Continuity: 104.76 m above 0.8 % CuEq across all four holes (includes skarn and wall‑rock mineralization, internal dilution).
Skarn Horizons
- Five distinct horizons identified; three are newly discovered during Phase I.
- Horizon stacking increases vertical extent and potential tonnage versus a single‑horizon model.
Metal Zonation & Molybdenum Vectors
- Molybdenum: Notable intervals – AG_GC_002: 1.04 m @ 1,440 ppm Mo; 0.8 m @ 2,820 ppm Mo; AG_GC_004: 0.9 m @ 521 ppm Mo.
- Molybdenum enrichment spatially separate from peak Cu‑Ag‑Au skarn zones, indicating proximity to a deeper porphyry source.
Exploration Implications
- Confirms outcropping, vertically extensive skarn system with surface exposure.
- System open laterally along a 6 km corridor and at depth; vectors point toward potential porphyry intrusion.
- Phase II (starting May 2026) will focus on step‑out drilling, deeper porphyry targets, and new district‑scale targets identified from upcoming LiDAR, drone magnetic surveys, and systematic soil geochemistry.
QA/QC Summary
- Samples analyzed at ALS Laboratories (Hermosillo & Vancouver) using CRU‑31, SPL‑31, PUL‑31 prep methods; ME‑MS61L multi‑element digestion; AU‑AA24 fire assay for gold.
- Internal QC inserts (blanks, standards, duplicates) met acceptable limits; blind QC program also employed.
Qualified Persons
- João Rocha, EurGeol, VP Exploration – reviewed all current and historical drilling data.
- Enrico Gay, CEO – provided forward‑looking commentary on exploration strategy.
Additional Corporate Notice
- OTC symbol changed from KNDYF to ALGRF effective 1 Apr 2026; TSX‑V symbol remains ALGR.
Notable Quotes
“These results validate our thesis that the Cerro Grande Skarn has the potential to scale into a large, high‑grade skarn system… With Phase I complete, we are now advancing toward Phase II drilling…” – Enrico Gay, CEO, Algo Grande Copper Corp.
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Oct 28, 2026 · 03:00