Anquiro Ventures Ltd and Black Pine Resources Corp Initiate Drill Program at Sugarloaf Copper Property

Executive Summary

• Anquiro Ventures Ltd. and Black Pine Resources Corp. announced the start of a winter HQ core drill program at the Sugarloaf Project, near Tyrone, New Mexico, with field work slated to begin by March 1, 2026.
• All required state and federal permits have been secured; roadwork and drill‑site construction are already underway by American Drilling Corp.
• The program is authorized for up to 11 drill holes (≈300 ft deep) targeting shallow oxide copper mineralization and will generate core samples at 10‑foot intervals for assay of Cu, Mo and Ag.

Key Details

• Permits & Site Prep: Full regulatory approvals obtained; roadwork and drill‑site construction initiated.
• Drill Contractor: American Drilling Corp. (Spokane, WA) contracted to perform HQ core drilling.
• Schedule: HQ core drilling operations scheduled to commence on or about March 1, 2026.
• Drill Capacity: Up to 11 drill holes, each up to 300 ft deep, providing flexibility to test high‑priority targets across the property.
• Assay Plan: Core will be collected in 10‑foot intervals and assayed for copper (Cu), molybdenum (Mo) and silver (Ag).
• Target Geology: Primary focus on an oxide secondary copper zone exposed at surface; adjacent to Freeport McMoRan’s Tyrone open‑pit mine.
• Historical Surface Sampling: Prior work shows average surface Cu grades of +0.30 % (higher than Tyrone) with selective high‑grade intercepts up to 6.29 % Cu over a ~5,000 ft × 1,000 ft zone.
• Property Description: 77 unpatented mining claims covering 1,544 acres, located ≈650 m west of the Tyrone mine’s secondary copper open pit.
• Previous Work Cited: IP/Resistivity surveys (1973, 2022) identified a sulfide body and a peripheral oxide blanket; leaching tests indicated potential for sulfuric‑acid heap leachability.
• Qualified Person Review: Technical information reviewed and approved by Richard Kern, B.Sc., M.Sc., Qualified Person under NI 43‑101.
• Corporate Context: Black Pine holds an earn‑out right to 100 % of the Sugarloaf Project (subject to a 2 % net smelter royalty to Great Basin Resources Inc.). Anquiro’s shares are currently suspended pending completion of a proposed transaction with Black Pine.

Notable Quotes

• Drew Martel, CEO – Black Pine Resources Corp.:
  “We are pleased to announce the commencement of our drilling exploration program on the Sugarloaf project, which will test the extent of shallow oxide copper mineralization on the property… The results will also provide an initial look at the grade and thickness of this untested exploration target.”