Tribeca Resources signs option agreement for Jiguata Copper acquisition

Core Insights - Tribeca Resources has signed a definitive option agreement to acquire a 100% interest in the Jiguata Porphyry Copper property in northern Chile, covering an area of 10,000 hectares [1] - The acquisition will be completed over a five-year period, with staged cash payments totaling $100,000 (C$139,443) within the first two years and a minimum of 3,000 meters of drilling required [3] Property Details - The Jiguata property features a large epithermal and interpreted porphyry alteration system within the Chilean Eocene-Oligocene Belt, partially covered by younger Miocene rocks [2] - The site is accessible via the paved Collahuasi road and has nearby infrastructure, with an exploration target defined measuring approximately 5km by 3km, including two near drill-ready targets [2] Company Strategy - Tribeca Resources plans to conduct pre-drilling work at Jiguata concurrently with additional drilling at its flagship La Higuera property [3] - The CEO of Tribeca Resources expressed enthusiasm about the acquisition, highlighting the company's preparations to commence fieldwork at Jiguata in the coming weeks [4] - The next 12 months are expected to be a period of high activity for Tribeca, with drilling planned at both the La Higuera and Jiguata properties, positioning the company to capitalize on growing interest in quality copper exploration [5]