Business
Axo Copper Drills 3.1% Copper Equivalent Over 5.8 Metres in First Batch of Phase II Assay Results
HALIFAX, NS / ACCESS Newswire / August 18, 2025 / Axo Copper Corp. (TSXV:AXO) ("Axo", "Axo Cop...
About this update from Axo Metals Corp.
[{"type":"text","content":"Axo Copper Drills 3.1% Copper Equivalent Over 5.8 Metres in First Batch of Phase II Assay ResultsHALIFAX, NS / ACCESS Newswire / August 18, 2025 / Axo Copper Corp. (TSXV:AXO) (\"Axo\", \"Axo Copper\" or the \"Company\") is pleased to announce the first batch of assay results from its recently initiated Phase II drill program at the La Huerta Project. The Company is also providing an exploration update on current drilling and visual results, which have seen copper mineralization in deeper drillholes, as Axo has begun stepping out down-dip below Las Marias.\"The first assays of Phase II drilling have produced very strong results as we continue to find, and further define, the La Huerta trend\" says Jonathan Egilo, President & CEO. \"We are currently drilling some of the deepest holes to date at La Huerta and remain excited about future drilling, as we continue to push the extensions of the mineralization.\"La Huerta Assay Results and Exploration UpdateDrilling at La Huerta restarted in early June with the initiation of the Phase II drill program. The assay results contained within this release are the first 570 metres of drilling. Approximately 2,100 metres of the 15,000-metre program have been completed thus far, with the focus on a combination of relatively shallow holes stepping out north of Las Marias, covering approximately 300 metres of strike length, in addition to extending mineralization at depth (see cross section in Figure 1).The Company has received initial assay results, which have been positive in intercepting the La Huerta trend. Results are highlighted by LHCC-25-031 which returned an interval of 3.08% CuEq (2.90% Cu and 14.3gpt Ag) over 5.8 metres, within a broader and wider interval of 1.74% CuEq (1.64% Cu and 7.6gpt Ag) over 12.4 metres. The hole represents a down-dip extension of LHCC-23-021, which was previously reported as 3.16% CuEq (3.00% Cu and 12gpt Ag) over 12.0 metres.Below LHCC-25-031, the Company recently completed a hole another ~40 metres down dip, LHCC-25-043, as shown in Figure 1. The drillhole intercepted the La Huerta trend, showing a mineralized zone of 10.4 metres with patches of chalcopyrite, of which 3.5 metres contained bornite in addition to the chalcopyrite. Assays for hole LHCC-25-043 are pending.FIGURE 1: CROSS SECTION HIGHLIGHTED BY LHCC-25-031 AND LHCC-25-043 (ASSAYS PENDING) DOWN...