Corcel Exploration Announces Grant of Permit and Commencement of IP Survey at Yuma King Project

Executive Summary

• Corcel Exploration received official acceptance of the required reclamation bond from the U.S. Bureau of Land Management for its Yuma King project in Arizona, clearing a key permitting hurdle.
• The company will commence a 1,500‑metre diamond‑core drilling program across 6–8 sites targeting copper‑gold skarn and porphyry mineralization, building on historic intercepts (0.78% Cu, 0.53 g/t Au, 6.3 g/t Ag over 45.4 m).
• A new 10‑line km 2D induced‑polarization (IP) geophysical survey has been launched to refine target definition and support the upcoming drill campaign.

Key Details

• Reclamation Bond: Official acceptance by BLM; permits now in place for site preparation and drilling at Yuma King.
• Drilling Plan: Approximately 1,500 m of diamond core to be drilled across 6–8 sites; focus on targets identified via recent drone magnetic surveys and surface geochemical sampling.
• Historical Drill Highlights: Intersections of 0.78% Cu, 0.53 g/t Au, and 6.3 g/t Ag over 45.4 m in Cu‑Au skarn at the historic Yuma King Mine.
• Drill Objectives (2026):
• Confirm historical drill results.
• Expand Cu‑Au mineralization along strike and down‑dip.
• Identify new high‑grade Cu‑Au zones.
• Geophysical Survey: Commenced a 10‑line, km‑scale 2D pole‑dipole IP survey covering Yuma King West and the mine area to detect sulphide mineralization and improve structural models.
• Integration of Data: IP results will be combined with existing drone magnetics and surface geochemistry to refine the geological model and prioritize drill targets.
• Qualified Person: Roy Greig, Ph.D., P.Geo, has reviewed and approved the technical content; historical data not independently verified but considered reliable for exploration guidance.

Notable Quotes

“Receiving official acceptance of our reclamation bond from the U.S. Bureau of Land Management is an important milestone for Corcel, as it allows us to move forward with site preparation and drilling at Yuma King.” – Jon Ward, CEO & Director

All boilerplate, forward‑looking disclaimer, and company background sections have been omitted for brevity.