Western Metallica Provides Update On Its Drilling Campaign at the Luz Maria Copper-Molybdenum Porphyry Project, Peru

Core Viewpoint - Western Metallica Resources Corp. has successfully completed its first drill hole at the Caña Brava project, indicating the presence of a complex copper-molybdenum porphyry system and marking a significant step in its exploration efforts [1][2][3]. Group 1: Drilling Progress and Findings - The first drill hole, LM24DD001, reached a depth of 396.1 meters, with drilling of a second hole, LM24DD002, currently in progress [1]. - Logging of drill holes confirms a complex Cu-Mo porphyry system with multiple intrusion phases and alteration events [2]. - The current drill program targets a mineralization area of 500 by 300 meters, coinciding with geochemical anomalies identified in previous surveys [3]. Group 2: Geological Characteristics - Copper and molybdenum mineralization is associated with quartz veining within strong potassic alteration, extending over an area of at least 2.7 km by 1.5 km, while the drilling area covers only 5% of this total [4]. - The alteration footprint includes biotite and phyllic assemblages, indicating a significant geological system [4]. Group 3: Project Location and Potential - The Caña Brava project is located in Northern Peru, within a region known for world-class copper-molybdenum deposits, and is strategically positioned near industrial ports and major roads [12][13]. - The project encompasses a 5,700-hectare area and is adjacent to other significant mining projects, suggesting potential for high-grade mineralization [13]. Group 4: Future Exploration Plans - The company is advancing with drilling permits for the Caña Brava 1 prospect, which features a distinctive leached zone and has confirmed grades of up to 0.3% Cu from various intrusive samples [13]. - The exploration work has successfully defined a cluster of multi-stage mineralized intrusions, comparable in size to other major deposits in Peru [13].