Jon Ward, CEO of Corcel Exploration (CSE:CRCL), joins me to introduce this new exploration company focused on the historic Yuma King Copper-Gold Project in La Paz County, Arizona. The project spans 3,200 hectares with 515 BLM claims and excellent infrastructure access, just 150 km from Phoenix.
Key discussion points include:
- Project history and past production: Yuma King produced ~8,600 tonnes at 2.3% Cu in the mid-20th century.
- Recent exploration work: A first-ever systematic surface program in December 2024 included ~2,300 soil samples and 303 rock chip samples, returning grades up to 11.6% copper and 17.15 g/t gold.
- Option terms: Corcel holds a lease-to-own agreement with Merrill Palmer, with annual payments and a final buyout in year six.
- Upcoming work: A property-wide drone mag survey is planned for May, with drill targeting and permitting expected by Q3/Q4 2025.
- Leadership and technical backing: Backed by Inventa Capital and geologists like Jesus Velador, with access to capital and discovery-focused expertise.
- Share structure: ~47.3M shares outstanding, $9M market cap, and supportive cornerstone shareholders from the Inventa Capital group.
Any follow up questions for Jon? Comment below or email at Fleck@kereport.com
Click here to visit the Corcel Exploration website to learn more about the Company.