202611 releases
CORCEL EXPLORATION CLOSES NON-BROKERED PRIVATE PLACEMENT
A non-brokered private placement closed with 26,765,000 units issued at $0.10 per unit for gross proceeds of CAD $2,676,500, each unit comprising one common share and one-half warrant exercisable at $0.20 until October 8, 2028. Net proceeds are intended for exploration at the Yuma King Project in Arizona and working capital. Finders received $126,990 cash and 1,269,900 finder's warrants at $0.20 until October 8, 2028; securities are subject to a hold period expiring February 9, 2027.
FinancingCORCEL ANNOUNCES UPSIZED NON-BROKERED PRIVATE PLACEMENT
Gross proceeds of a previously announced non-brokered private placement have been increased from $1,500,000 to C$2,500,000, with up to 25,000,000 units to be issued at $0.10 per unit, each unit comprising one common share and one-half warrant exercisable at $0.20 for 24 months from closing. Closing is anticipated on or about October 8, 2026, subject to customary conditions and CSE filings, with finder's fees possible and a four-month-and-a-day hold period. Proceeds are for exploration and working capital.
FinancingCORCEL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
A non-brokered private placement of up to 15,000,000 units at $0.10 per unit for gross proceeds of up to $1,500,000 was announced. Each unit comprises one common share and one-half warrant, with each whole warrant exercisable at $0.20 for 24 months following closing, anticipated on or about September 30, 2026, subject to customary conditions and CSE filings. Net proceeds are intended for exploration and working capital, and finder's fees may be paid to eligible finders.
FinancingCORCEL DRILLS CU-AU SKARN, INDICATIONS OF NEARBY PORPHYRY CU-AU CENTER AT THE YUMA KING PROJECT, ARIZONA
Final assay results from the Phase I drill program at the Yuma King Project in west-central Arizona covered 1,087 meters in six holes, with copper and gold in each hole. YK26-005A returned 8.97 meters of 0.46% Cu, 0.39 g/t Au, 3.8 g/t Ag and 250 ppm Mo from 116 meters. YK26-006 cut 4.4 meters of 0.71% Cu, 0.19 g/t Au from 28.05 meters and 24.5 meters of 0.47% Cu, 0.32 g/t Au from 212 meters, separated by anomalous monzonite porphyry.
Drill resultsCORCEL INTERSECTS SKARN-HOSTED COPPER-GOLD MINERALIZATION IN STEP-OUT DRILLING EXPANDING STRIKE LENGTH TO 900M AT THE YUMA KING PROJECT, ARIZONA
Step-out drilling at the Yuma King Project in west-central Arizona returned 40.25 metres of 0.52% Cu, 0.40 g/t Au, 4.49 g/t Ag and 85 ppm Mo from 30 metres in YK26-002, a 45-metre eastern step-out, and 32 metres of 0.17% Cu, 0.04 g/t Au, 2.47 g/t Ag and 25 ppm Mo from 25 metres in YK26-003, 350 metres west of YK26-001. Known mineralized strike length increased by 350 metres to approximately 900 metres. Results from three of the six Phase I holes (1,087 metres) are pending.
Drill resultsCORCEL DRILLS 56.65 METERS OF 1.07% CU, 0.79 G/T AU AND 7.1 G/T AG IN THE FIRST DRILL HOLE AT THE YUMA KING PROJECT, ARIZONA
Drill hole YK26-001, the first hole of the completed Phase 1 program at the Yuma King Project in west-central Arizona, returned 56.65 meters of 1.07% copper, 0.79 g/t gold, 7.1 g/t silver and 180 ppm molybdenum from 3.35 meters downhole, including 7.85 meters of 2.28% Cu, 1.14 g/t Au from 24 meters and 8.80 meters of 2.07% Cu, 1.85 g/t Au from 45 meters. The program totalled over 1,087 meters in six holes across more than 500 meters of strike length, with results pending from five holes.
Drill resultsCORCEL EXPLORATION REPORTS POSITIVE RESULTS FROM AN INDUCED POLARIZATION SURVEY AT YUMA KING, ARIZONA
An initial induced polarization survey covering 10 line-km with a 2D pole-dipole array over the Yuma King West and Yuma King Mine targets at the Yuma King Project in Arizona has defined a new YK North Skarn target, largely hidden by cover rocks, from resistivity inversion. Near-surface resistive zones at Three Musketeers correlate with magnetite-destructive alteration, with soils up to 1.47 g/t Au and 10,750 ppm Cu and rocks up to 17.15 g/t Au and 11.6% Cu. Large chargeability anomalies at YK West are interpreted as deep-seated (>250 m). Results will be used to prioritize Phase 2 drill targets.
Drill resultsCORCEL EXPLORATION COMMENCES DRILL PROGRAM AT YUMA KING PROJECT
Diamond drilling has begun at the Yuma King copper-gold project in Arizona, with the fully permitted Phase 1 program expected to comprise approximately 1,500 metres across 6–8 drill sites, targeting known mineralization and step-out targets. Corcel also completed a 10 line-kilometre 2D pole-dipole induced polarization survey over the Yuma King Mine and Yuma King West targets, with data processing underway for integration into drill targeting. Objectives include confirming historical drilling, expanding known zones, and evaluating porphyry potential beneath skarn mineralization.
Drill resultsCORCEL EXPLORATION ANNOUNCES GRANT OF PERMIT AND COMMENCEMENT OF IP SURVEY AT YUMA KING PROJECT
The US Bureau of Land Management has accepted Corcel Exploration's reclamation bond for the Yuma King copper-gold project in Arizona, authorizing site preparation and drilling. The Company plans approximately 1,500 metres of diamond core drilling across 6–8 sites targeting skarn and porphyry mineralization, with historical drilling at the Yuma King Mine intersecting 0.78% Cu, 0.53 g/t Au and 6.3 g/t Ag over 45.4m. A 10-line km 2D pole-dipole induced polarization survey has also commenced over the Yuma King West and Yuma King mine targets.
CorporateCORCEL EXPLORATION APPOINTS NEW DIRECTOR
Thy Truong has been appointed to the board of Corcel Exploration Inc., replacing Oliver Friesen effective immediately. Truong is a Chartered Professional Accountant with more than ten years of experience in public accounting and the mining industry, currently Director of FP&A, Tax, and Internal Controls at Vizsla Silver Corp. and CFO of Tarachi Gold Corp. The Company also granted 200,000 incentive stock options exercisable at $0.22 for a period of 5 years.
ManagementCORCEL EXPLORATION APPOINTS GRANT TANAKA AS CHIEF FINANCIAL OFFICER
Grant Tanaka has been appointed Chief Financial Officer of Corcel Exploration Inc., replacing Kyle Nazareth. Tanaka has over 15 years of financial leadership experience in mining and is CFO of Vizsla Royalties Corp. and Vizsla Copper Corp. The Company also granted 2,220,000 stock options to directors, officers, employees and consultants, each exercisable at $0.265 per common share until January 15, 2031 and vested immediately.
Management
20252 releases
CORCEL EXPLORATION CLOSES NON-BROKERED PRIVATE PLACEMENT
A non-brokered private placement closed with the issuance of 11,681,798 units at $0.18 per unit for gross proceeds of CAD$2,102,723.64, each unit comprising one share and one-half warrant exercisable at $0.30 for 24 months, subject to acceleration if the ten-day weighted average price reaches $0.40. Finders received $67,459.56 cash and 374,775 warrants; the hold period expires April 3, 2026. Proceeds are for exploration at the Yuma King Project in Arizona and working capital. Rosana Batista was appointed Corporate Secretary.
FinancingCORCEL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
A non-brokered private placement of up to 11,111,111 units at $0.18 per unit for gross proceeds of up to $2,000,000 has been announced. Each unit comprises one common share and one-half warrant, with each whole warrant exercisable at $0.30 for 24 months following closing, subject to acceleration if the ten-day weighted average closing price on the CSE is at least $0.40. Closing is anticipated on or about November 28, 2025, with proceeds for exploration and working capital.
Financing