Core Insights - Corcel Exploration Inc. has reported historical drilling results from the Yuma King mine, indicating significant copper-gold skarn mineralization and setting the stage for a planned Phase I drill program [1][2][4]. Historical Production and Drilling Results - The Yuma King mine produced over 7,917 tonnes of material from 1940 to 1963, yielding 461,686 lbs of copper at an average grade of 2.65%, along with lead, gold, and silver [1]. - Recent historical exploration included two drilling campaigns in 2006 and 2011, totaling over 3,900 meters drilled across 21 holes, with significant mineralization encountered [2][4]. Mineralization Details - Drilling results revealed oxidized copper skarn mineralization with thicknesses ranging from 9.14m to 36.6m, copper values between 0.2% and 4.8%, and gold values from 0.06 to 4.5 g/t [2][4]. - Highlighted intervals from the drilling include: - 45.4 meters of 0.78% Cu, 0.53 g/t Au, and 6.3 g/t Ag from hole YK01-A - 36.9 meters of 0.62% Cu, 0.53 g/t Au, and 3.8 g/t Ag from hole YK01-B - 24.4 meters of 0.74% Cu, 0.48 g/t Au, and 4.4 g/t Ag from hole YK01-C [6]. Future Exploration Plans - The upcoming drill program aims to confirm and extend the known copper and gold mineralization, with a potential strike length of 1.6 km [8][12]. - Additional geophysical surveys, including Induced Polarization (IP), and hyperspectral imaging will be conducted to refine geological understanding and identify strong drill targets [15]. Company Overview - Corcel Exploration is focused on acquiring and exploring mineral resources in North America, with a long-term lease for the Yuma King Copper-Gold project covering 3,200 hectares [19].
Corcel Exploration Reports Historical Drill Results Ahead of Planned Phase I Drill Program