In this KE Report Company Update, John Ward, CEO of Corcel Exploration (CSE:CRCL – OTCQB:CRLEF), joins us to discuss the company’s next steps at its Yuma King Project in west-central Arizona. Corcel recently released historical drill results as it finalizes targets and prepares for a Phase 1 drill program.
Key Discussion Highlights:
- Project Overview:
The Yuma King Project covers 3,200 hectares of BLM claims in Arizona, hosting the historic Yuma King Mine, which produced nearly 8,000 tons between 1940–1963, yielding ~500,000 lbs of copper at grades around 2.65% Cu. - Historical Drilling:
Roughly 3,900 meters across 21 holes were drilled in 2006 and 2011. The standout intercept – 45.7m of 0.78% Cu and 0.5 g/t Au (1.1% CuEq) – was near surface, confirming shallow, high-grade copper-gold skarn mineralization. - Exploration Strategy:
Corcel plans a mix of confirmation and step-out drilling around the historic workings, supported by recent drone magnetic surveys and rock-chip sampling. These have highlighted new skarn extensions and possible porphyry targets at depth in the Yuma King West and Three Musketeers areas. - Upcoming Drill Program:
The company is finalizing permits with the BLM and expects to begin a ~2,000-meter, 8-hole drill program, combining shallow skarn tests with a few deeper holes to probe potential porphyry systems. - Infrastructure Advantages:
Excellent access via highway and graded roads, close proximity to the town of Parker, and on-site water availability from the historic flooded mine make logistics straightforward. - Valuation & Market Positioning:
With a market cap of roughly C$6 million, Corcel trades at an early-stage valuation despite the project’s advanced groundwork and copper-gold exposure. Management expects increased market attention as drilling begins amid rising metal prices.
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.
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