Tribeca Resources Provides Update on Activities Across its Expanded Chilean Copper Exploration Portfolio

Core Insights - Tribeca Resources Corporation has commenced fieldwork on the Jiguata property in northern Chile following a 5-year purchase option agreement and a C$6.5 million financing [1][2] - The company aims to build a comprehensive geological, geochemical, and geophysical picture of the Jiguata property, with plans to identify compelling drill targets for testing in 2026 [2][11] Jiguata Property Overview - The Jiguata property spans 10,000 hectares and is located in the Tarapacá region, part of the Eocene-Oligocene porphyry copper belt, approximately 120 km from major copper-molybdenum deposits [3][12] - Existing geological mapping and geochemical data have outlined several drill targets, with further fieldwork planned to detail additional targets [4][5] Exploration Activities - Field teams are engaged in geological mapping and systematic soil and rock sampling to create a multielement geochemistry database [5][8] - Global Ore Discovery Pty Ltd has been contracted to provide expert guidance on exploration and drill targeting, leveraging their extensive experience in porphyry and epithermal deposits [6][7] Data Acquisition and Analysis - Ground magnetic surveying is scheduled to begin in December, covering the majority of the property area [9][10] - A reprocessing of historic induced polarization (IP) geophysical data has been completed, enhancing the understanding of significant chargeability anomalies [10][11] La Higuera IOCG Project - The La Higuera project includes multiple copper-gold targets, with drilling planned at the Chirsposo Sur Target in Q1 2026 [14][15] - Previous drilling at the Gaby target has shown significant mineralization, with a notable intersection of 268m at 0.66% Cu [14][15] Future Plans - The data acquisition from ongoing field activities is expected to continue until March 2026, with drill testing of targets anticipated in Q2 or Q3 of 2026 [11][11] - The company is focused on building a portfolio of mid to advanced-stage copper exploration projects in Chile [20][21]