Pecoy drills 1,020.50 metres at 0.43% copper in Peru, shares rise

Pecoy Copper Corp. [PCU-TSXV, PCUUF-OTCQB, D5E-FSE] has released assay results from drill hole PEC-25-066, completed as part of its ongoing Phase 1.0 diamond drill program at its 100%-owned Pecoy project in southern Peru.

Pecoy shares advanced on the news, rising 11.2% or 18 cents to $1.79. The shares trade in 52-week range of $2.29 and 67 cents.

Hole PEC-25-066 was drilled in the south Breccia Zone approximately 195 metres west of hole PEC-25-065 and has returned a broad interval of continuous copper-gold-molybdenum-silver mineralization beginning near surface and extending to the end of the hole. The results represent an impressive follow-up to hole PEC-25-065. Together, holes PEC-25-066 and PEC-25-065 have now returned two consecutive kilometre-scale mineralized intervals in the South Breccia Zone, confirming strong lateral and vertical continuity. The headline copper grade is 26% above Pecoy’s current inferred resource grade of 0.34% copper. As highlighted by management, PEC-25-066 helps move South Breccia from a promising area to what is believed to be an increasingly well-defined and repeatable higher-grade domain within the Pecoy system.

PEC-25-066 intersected 1,020.50 metres at 0.43% copper, 0.09 g/t gold, 1.51 g/t silver and 0.009% molybdenum from 48 metres depth, representing the company’s kilometre-scale interval in the Breccia Zone. This hole extends mineralization approximately 306 metres below the current resource pit shell. It ended in mineralization and remains open at depth.

The broad interval includes higher grade sections, notably 48 metres at 0.94% copper, 0.21 g/t gold, 3.05 g/t silver and 0.014% molybdenum from 54 metres. It also includes 242 metres of 0.73% copper, 0.10 g/t gold, 2.63 g/t silver and 0.016% molybdenum from 386 metres.

Pecoy Copper is advancing the 9,975-hectare Pecoy Copper-Gold-Molybdenum-Silver Project, a large, undeveloped porphyry system located in southern Peru’s Arequipa region, within one of the world’s most prolific copper belts. The Pecoy deposit hosts a current copper inferred resource of 865 million tonnes at 0.34% copper, with significant associated gold, molybdenum and silver credits.

To date, less than 49,000 metres of historical drilling have been completed at Pecoy, defining a broad and continuous mineralized system with potential for expansion along strike and at depth.  The project benefits from its favourable elevation of approximately 1,650-metres above sea level, providing year-round access and reduced operating complexity to many high-altitude Andean deposits.

The company said the latest results and higher-grade sections further reinforce management’s view that South Breccia may contain a higher-grade domain that could be relevant to the evaluation of a potential starter-pit style development concept in future studies, subject to additional drilling, resource modelling, metallurgical work and economic analysis.

“Our systematic drilling continues to strengthen this view and underscores the potential relevance of the South Breccia to future phased development studies,’’ said Pecoy Copper CEO Vincent Metcalfe.