Core Viewpoint - Pecoy Copper Corp. is set to commence its first drilling program at the Pecoy Copper-Gold-Molybdenum-Silver Project in southern Peru since 2016, following extensive preparations and regulatory approvals [1][2][3] Group 1: Project Overview - The upcoming drilling program aims to expand the mineralized footprint and demonstrate the full potential of the Pecoy deposit, which is a large, well-defined copper-gold-molybdenum system with significant growth potential [3][4] - The project covers 9,975 hectares and hosts a current inferred copper resource of 865 million tonnes at 0.34% Cu, along with associated gold, molybdenum, and silver credits [9][10] - Historically, exploration at Pecoy was fragmented among multiple operators, but the consolidation under Pecoy Copper allows for a comprehensive, data-driven exploration strategy [4] Group 2: Market Context - The timing for initiating drilling is favorable due to strengthening copper and gold markets, driven by rising global structural demand for copper amid increased investment in electrification and infrastructure [5] - The project is strategically located near the Pacific coast, benefiting from excellent infrastructure, including proximity to highways, power lines, and deep-water ports, which positions it well for future development [11] Group 3: Community Engagement - The company emphasizes collaboration with community partners and local stakeholders to ensure that drilling activities are conducted safely, responsibly, and transparently [2][5]
Pecoy Copper to Commence Drilling Activities Shortly
Globenewswire·2025-11-17 11:00