Vancouver, British Columbia--(Newsfile Corp. - July 13, 2026) - Corcel Exploration Inc. (CSE: CRCL) (OTCQB: CRLEF) (the "Company" or "Corcel") is pleased to announce assay results from two drill holes from the recently completed Phase I drill program at the Yuma King Project (the "Project") located in west-central Arizona.
Drill hole YK26-002 intersected skarn-hosted copper-gold mineralization from a 45-metre step-out to the east of drill hole YK26-001, while YK26-003 intersected skarn-hosted copper-gold mineralization from a 350-metre step-out to the west of drill hole YK26-001. Drill hole YK26-001 previously intersected 56.65 metres of 1.07% Cu, 0.79 g/t Au, 7.1 g/t Ag, and 180 ppm Mo (see news release dated June 1, 2026).
Results are pending from three additional drill holes. The Phase I drill program totaled 1,087 metres across six drill holes and tested more than 500 metres of strike-length.
Highlights
Known mineralized strike length increased by 350 metres, to approximately 900 metres. Results include:
YK26-002:
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40.25 metres of 0.52% Cu, 0.40 g/t Au, 4.49 g/t Ag, and 85 ppm Mo1 starting at 30 metres downhole, including,
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8.75 metres of 0.74% Cu, 0.46 g/t Au, 3.72 g/t Ag, and 46 ppm Mo from 44.25 metres downhole and including,
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15.85 metres of 0.70% Cu, 0.59 g/t Au, 8.1 g/t Ag, and 152 ppm Mo from 54.4 metres downhole
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YK26-003: Intersected Cu-Au mineralization in a 350 m step-out to the west
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32 metres of 0.17% Cu, 0.04 g/t Au, 2.47 g/t Ag, and 25 ppm Mo1 starting at 25 metres downhole, including,
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9 metres of 0.25% Cu, 0.09 g/t Au, 3.5 g/t Ag, and 24 ppm Mo from 33 metres downhole and including,
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7.33 metres of 0.29% Cu, 0.04 g/t Au, 4.2 g/t Ag, and 36 ppm Mo from 46.6 metres downhole
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Drill results support a large mineralized footprint: Drill results from YK26-002 and YK26-003 build on historical drill results and YK26-001, further demonstrating the compelling potential of the Yuma King mine target.
Vectoring to the northwest under cover: Drilling results, geology, geophysics and geochemical results indicate the mineralized system continues to the north and northwest, toward the recently identified North Skarn target, which was delineated by the IP survey conducted earlier this year.
"These results demonstrate continuity of copper-gold skarn mineralization across a broader footprint than previously recognized," commented Corcel CEO, Jon Ward. "Importantly, Hole YK26-03 confirmed mineralization 350 metres west of Hole YK26-01, while Hole YK26-02 extended the higher-grade oxide skarn eastward. Combined with our geophysical data, the program continues to strengthen our interpretation that Yuma King represents a district-scale mineralized system.