Positive Airborne Magnetic Survey At Yuma King

VANCOUVER – Corcel Exploration Inc. has received results from a high-resolution drone-based airborne magnetic survey over its 100%-owned Yuma King Project in west-central Arizona. The program consisted of 559 line-kilometres. The survey was flown on 50-metre spaced lines oriented at 040° with 500-metre tie lines at a height of 30 meters. The program was designed to refine the understanding of mineralization and structures and to identify additional exploration targets across the property.
Strong untested magnetic features associated with possible extensions of Cu-Au mineralization at the Yuma King Mine and YK West are partially hidden by thin structural cover and remain untested by drilling. Integration of magnetic and geological data indicates structural overturning and repetition of magnetite-bearing skarn horizons, increasing the potential volume of rock prospective for Cu-Au skarn mineralization. Magnetite destructive alteration in the Three Musketeers area is associated with very strong Au and Cu in soils (up to 1.47 g/t Au and 10,750 ppm Cu) and rocks (up to 17.15 g/t Au and 11.6% Cu). This alteration may indicate the upper levels of a porphyry system, which is partially obscured by structural cover and completely untested by modern exploration. The area represents a new exploration target that could either represent the porphyry core to the Yuma King Mine/YK West skarn system or a distinct porphyry center.
In addition, the magnetic survey highlights smaller-scale structural features, such as northwest-trending dikes and faults, which will be relevant in exploring for extensions of higher-grade Cu-Au skarn mineralization, such as that intersected historically at the Yuma King Mine (e.g., 51.8 m of 0.70% Cu, 0.48 g/t Au, and 5.6 g/t Ag).
“These new magnetic survey results are an exciting step forward for Corcel as we continue to strengthen our technical understanding of the Yuma King project,” said Jon Ward, CEO. “They highlight strong, untested magnetic features that could extend known Cu-Au mineralization at the Yuma King Mine and reveal compelling new targets under cover. The data also shows signs of repeated mineralized strata, which could mean more copper and gold than previously thought. The presence of magnetite-destructive alteration coinciding with high-grade gold and copper at the Three Musketeers area also provides more evidence of a potential porphyry system that remains untested. These results will be key in guiding our drill targeting and exploration plans at Yuma King.”