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Mogotes Signs Option with Rio Tinto Over Gold Copper Porphyry Project in USA
Toronto, Ontario--(Newsfile Corp. - April 15, 2026) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) ...
About this update from Mogotes Metals Inc.
[{"type":"text","content":"Mogotes Signs Option with Rio Tinto Over Gold Copper Porphyry Project in USAToronto, Ontario--(Newsfile Corp. - April 15, 2026) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) (\"Mogotes\", or the \"Company\") is pleased to announce that the Company has entered into an option-to-joint-venture agreement with Kennecott Exploration Company (a subsidiary of the global mining company Rio Tinto) over a gold and copper discovery in Montana, U.S.A. Large prospective claims package in USA with pre-resource, exploration stage, gold-copper porphyry project discovered by Kennecott/Rio Tinto (RTX) in 2006 within the historic Copper Cliff mining district (Figure 1).Mogotes Metals used RTX drill data base (25 holes totaling 32,000 m), including 7 holes within the porphyry to calculate Au-Cu intercepts (Table 1) with a best intercept to date ofHole 14CC0013, 1252.5 m at 0.41 g/t Au, 0.34% Cu, from 665 mincl** 305.2 m at 0.67 g/t Au, 0.59% Cu, from 859.3 mincl** 79.8 m at 0.51g/t Au, 0.45% Cu from 1246 m incl** 137.4 m at 0.72g/t Au, 0.51% Cu from 1456 mNo exploration of the project since 2017 leaves significant potential to grow the footprint of the known porphyry mineralization with further step-out drilling.Mogotes Metals used existing drill intercepts to define an exploration target footprint, to guide the next stages of planned drilling, with dimensions of 1000 m vertically and a projected surface area of approx. 450 by 300 m (Figure 2).Copper Cliff exploration season is counter cyclical to the exploration season for Mogotes Filo Sur project providing potential for year-round exploration and news flow for the company.Mogotes will provide further technical information on the Copper Cliff project in the coming days. Figure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10597/292517_c19a2a1174a8e9e7_002full.jpgFigure 2To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10597/292517_c19a2a1174a8e9e7_003full.jpgTable 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10597/292517_c19a2a1174a8e9e7_004full.jpgCEO Allen Sabet commented: \"This option with Rio Tinto allows us to leverage the extensive discovery work done by one of the greatest mining companies in the world, apply our technical k...