VANCOUVER, British Columbia – In a groundbreaking development for the mining sector, Pecoy Copper Corp. has announced initial assay results from its Phase 1 drill program at the Pecoy Project in southern Peru. The company's first diamond drill hole, designated PEC-25-065, intersected an impressive 1,186 meters of continuous mineralization, starting near the surface and confirming the extensive scale and vertical continuity of the South Breccia system.
Key Highlights from the Drill Program
The drill hole PEC-25-065 achieved a remarkable intersection of 1,014 meters at 0.37% copper, 0.13 grams per tonne gold, 1.33 g/t silver, and 0.015% molybdenum from a depth of 17 meters. This discovery extends the mineralization approximately 407 meters below the current resource pit shell, which was previously located around 624 meters downhole. Importantly, the mineralization remains open at depth, with the hole ending in chalcopyrite-bearing intrusive rocks, indicating further potential for expansion.
High-Grade Sections Within the Broad Interval
Within this broad mineralized interval, several higher-grade sections were identified, enhancing the project's economic prospects:
- 700 meters at 0.43% copper, 0.14 g/t gold, 1.49 g/t silver, and 0.019% molybdenum from 246 meters depth.
- 301 meters at 0.53% copper, 0.15 g/t gold, 1.81 g/t silver, and 0.018% molybdenum from 450 meters depth.
- 297 meters at 0.52% copper, 0.07 g/t gold, 1.94 g/t silver, and 0.033% molybdenum from 624 meters depth, located below the existing resource pit shell.
These intervals demonstrate consistent and robust mineralization throughout the drill hole, with grades exceeding the current resource average of 0.34% copper.
Geological Insights and Project Significance
Hole PEC-25-065 provides the first continuous deep section through the South Breccia system, revealing vertically persistent hydrothermal brecciation and stockwork-style veining from surface to approximately 1,186 meters depth. The hole did not exit the mineralized system and transitions at depth into intrusive-dominated altered host rocks, supporting the interpreted porphyry architecture. This finding reinforces the exploration potential of the Pecoy Project as the company advances its fully funded drill program.
Vincent Metcalfe, Chief Executive Officer of Pecoy Copper, commented on the results, stating, "Our current 865 million tonne inferred resource was constrained by a conceptual pit shell. This first hole at the South Breccia intersected continuous mineralization approximately 407 metres below that constraint, and at grades exceeding the current resource average. These results support the interpreted scale and vertical continuity of the system."
Targeted Exploration and Future Implications
The drill hole targeted the South Breccia Zone, where mineralization is hosted within brecciated and altered intrusive rocks, characterized by chalcopyrite, gold, silver, and molybdenite—consistent with a large porphyry-related system. Notably, magnetite abundance appears spatially associated with higher gold values at times, offering additional clues for future exploration.
Drilled at a steep northeast orientation, the hole aimed to test the hydrothermal magmatic breccia-hosted mineralization, the underlying porphyry at depth, and the continuity of the near-surface higher-grade gold zone. The success of this drill hole not only expands the known resource but also opens up new avenues for further exploration and potential resource upgrades.
As Pecoy Copper continues its drill program, these results position the Pecoy Project as a significant player in the global copper mining landscape, with implications for resource development and economic growth in Peru's mining sector.
