# Corcel Exploration (CSE:CRCL)

> Corcel Exploration is a mineral resource company engaged in the acquisition and exploration of precious and base metals properties throughout North America.

## About

Corcel Exploration is a mineral resource company engaged in the acquisition and exploration of precious and base metals properties throughout North America. The Company has entered a long-term lease agreement to acquire the Yuma King Copper-Gold project in Arizona, which spans a district-scale land position of 3,200 hectares comprising 515 unpatented federal mining claims in the Ellsworth Mining District, including the past-producing Yuma Mine which saw underground production of copper, lead, gold and silver between 1940 and 1963. The Company also holds an option to acquire a 100% undivided right, title, and interest in and to the Peak gold exploration project and holds a 100% interest in the Willow copper project.

## Key facts

- **Cash position:** $0.7 M
- **Shares outstanding:** 47.31 M
- **Fully diluted shares:** 59.91
- **Warrants:** 9.7 M
- **Options:** 2.9 M
- **Mineral resource:** YUMA KING PROPERTY OVERVIEW

STRATEGIC LOCATION: Situated in the historic Ellsworth Mining District of west-central Arizona, approximately 150 kilometres northwest of Phoenix

DISTRICT-SCALE LAND POSITION: 3,200 hectares comprising 515 unpatented mining claims administered by the Bureau of Land Management (BLM) including the past-producing Yuma Mine
• Underground mining between 1940 and 1963 by various operators extracted copper, lead, gold, and silver
• Historical production from the Yuma Mine yielded 8,600 tons of ore averaging about 2.3% Cu, 0.3 oz Ag/T, and 0.03 oz Au/T¹

ESTABLISHED INFRASTRUCTURE: Proximity to roads, power, and a copper smelter, providing strategic advantages for future development

LONG-TERM LEASE AGREEMENT: The Company has secured a long-term lease on the property with renowned prospector Merrill Palmer.


- **Projects:** ["### Yuma King Project\n\nThe Yuma King Project is Corcel Exploration’s flagship copper-gold exploration asset, located in the historic Ellsworth Mining District of west-central Arizona. The project offers a combination of historical high-grade production, evidence of a porphyry-skarn system, strong infrastructure, and large-scale exploration potential.\n\n- 100%-optioned property covering 3,200 hectares (515 unpatented claims)\n- Located in a highly prospective but underexplored mineral district\n- Multiple mineralization styles: copper-gold skarn, porphyry Cu-Mo-Au, and structurally hosted gold\n- High-grade historical production with modern exploration upside\n- Supported by extensive historical data and newly generated surface results\n\n[Technical Report](https://wp-corcelexploration-2025.s3.ca-central-1.amazonaws.com/media/2025/06/yuma-king-text-43-101_2024-12-01-final_.pdf)\n\n- Location & Infrastructure\n\n  - Jurisdiction: La Paz County, Arizona – mining-friendly, tier-one jurisdiction\n  - Access: Year-round access via paved and maintained gravel roads\n  - Power: Near transmission lines and within reach of energy infrastructure\n  - Smelter Access: Located in a state that hosts one of only three operating copper smelters in the U.S.\n  - Proximity: Approx. 150 km northwest of Phoenix; surrounded by regional transportation networks including rail and highway\n\n- Geology\n\nThe Yuma King Project is geologically situated within a favorable Laramide-age metallogenic belt known for porphyry and skarn-style deposits.\n\n**Key Geological Features:**\n\n  - Host rocks include metasedimentary and intrusive units, commonly altered to garnet-pyroxene skarn assemblages\n  - Copper mineralization is commonly associated with magnetite skarns and quartz stockwork veins\n  - Gold mineralization occurs both in association with copper (skarns) and independently in altered breccia and quartzite units\n\n**Mineralization Styles Identified:**\n\n  - Skarn Cu-Au – centered around the Yuma Mine and peripheral showings\n  - Porphyry Cu-Mo-Au – supported by legacy drill intercepts and soil anomalies\n  - Au-only systems – newly identified zones with up to 17.15 g/t gold from surface sampling\n\n- Exploration & Mining History\n\n**Production History:**\n\n  - Intermittent underground mining at the Yuma Mine from 1940–1963\n  - Estimated total production: 8,600 tons of ore at 2.3% Cu, 0.3 oz/t Ag, and 0.03 oz/t Au\n\n**Key Historical Highlights:**\n\n  - Mining focused on copper skarn mineralization\n  - No modern mining or development conducted since 1960s\n  - Historical data includes limited drill logs, surface sampling, and mine maps\n\n### **Previous Work Programs**\n\n**Historical Drilling:**\n\n  - 21 diamond drill holes totaling 3,904 metres (12,809 feet)\n  - Conducted in 2006 and 2011 by Big Bar Gold and VANE Minerals respectively\n\n**Notable Historical Drill Results:**\n\n  - **YK01-A (2006):**\n    - 45.4 metres of 0.78% Cu, 0.53 g/t Au, and 6.3 g/t Ag from 4.6 m\n  - **YK01-B (2006):**\n    - 36.9 metres of 0.62% Cu, 0.53 g/t Au, and 3.8 g/t Ag from 5.2 m\n  - **YK01-C (2006):**\n    - 24.4 metres of 0.74% Cu, 0.48 g/t Au, and 4.4 g/t Ag from 5.9 m\n  - **YK01-D (2006):**\n    - 30.8 metres of 0.55% Cu, 0.56 g/t Au, and 4.7 g/t Ag from 6.7 m\n  - **AV-1 (2011):**\n    - **27.4 metres of 0.14% Cu, 0.08 g/t Au, and 1.1 g/t Ag from 344.4 m** in hole AV-1, a ~400m down-dip step-out from the historical Yuma King mine\n    - Intersected high-grade Cu-Au zones and confirmed porphyry potential\n\n**Legacy Observations:**\n\n  - Porphyry potential identified through monzonite porphyry intersections and geochemical signature\n  - Skarn zones remain open laterally and at depth\n  - No comprehensive geophysical survey or modern drill targeting conducted until now\n\n- Recent Work Programs & Results\n\nIn 2024, Corcel Exploration completed the first-ever systematic property-scale sampling program at Yuma King, providing breakthrough insights into the scale and quality of mineralization.\n\n**Soil Sampling**\n\n  - 2,263 soil samples across a 20 km² grid\n  - 50×50 m spacing near the Yuma Mine and 100×100 m in reconnaissance areas\n  - Results:\n    - 1.2 km Cu-Au-Mo anomaly around Yuma King Mine\n    - Additional Cu-Au-Mo clusters at “Yuma King West” with limited historical attention\n    - Broad W-Mo anomaly in NW region near historical tungsten showings\n\n**Rock Sampling**\n\n  - 303 rock chip samples from showings, workings, and altered zones\n  - High-Grade Results:\n    - 11.60% Cu from a waste pile (sample J156062)\n    - 17.15 g/t Au from brecciated, sericitized outcrop at Yuma King West (sample J155917)\n    - Multiple samples >1.0 g/t Au and >3.0% Cu across various zones\n\n**New Discoveries**\n\n  - 400 m gold trend identified east of Yuma Mine, with 11/25 samples >1.0 g/t Au\n  - Yuma King West identified as a new priority target with both Cu-Au and Au-only potential\n\n**Geochemical Signatures Indicate:**\n\n  - Skarn and porphyry-related mineralization styles\n  - High-grade mineralization both at surface and in untested subsurface zones\n\n**Airborne Magnetic Survey Results:**\n\n  - **Strong untested magnetic features** associated with possible extensions of Cu-Au mineralization at the Yuma King Mine and YK West are partially hidden by thin structural cover and remain untested by drilling.\n  - **Integration of magnetic and geological data** indicates structural overturning and repetition of magnetite-bearing skarn horizons, increasing the potential volume of rock prospective for Cu-Au skarn mineralization\n  - **Magnetite destructive alteration** in the Three Musketeers area is associated with very strong Au and Cu in 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**; see news release dated [May 13, 2025](https://corcelexploration.com/news/corcel-exploration-identifies-high-grade-copper-and-gold-zones-with-up-to-11-60-copper-and-17-15-g-t-gold-from-surface-sampling-at-yuma-king-arizona-and-announces-agreements/)).\n\n    - This alteration may indicate the upper levels of a porphyry system, which is partially obscured by structural cover and completely untested by modern exploration (Fig. 2). The area represents a new exploration target that could either represent the porphyry core to the Yuma King Mine/YK West skarn system or a distinct porphyry center.\n\n- Upcoming Catalysts & Work Programs (2025)\n\nCorcel is advancing toward the first modern drill campaign at Yuma King, with work focused on refining and prioritizing targets based on robust geological and geochemical datasets.\n\n**Q4 2025**\n\n  - Commence Phase 1 Drilling at Yuma King planned for Q4 2025\n  - IP Survey for Yuma King West and Three Musketeers and Yuma King Mine area\n  - Hyperspectral data will enable detailed mineral mapping, alteration zonation, and vectoring toward mineralized systems.\n  - 3D Geological Model Refinement\n\n**Key Catalysts for Investors:**\n\n  - Initial drill targeting announcement\n  - Commencement of first drilling program\n  - Expansion of targets based on new mapping and sampling\n\n---\n\n### Willow Property\n\n- Located in North-Central British Columbia, approximately 4 kilometers southeast of the Sustut Copper Deposit (now held by Imperial Metals Inc.)\n  - Fully-contiguous claim block totaling\n\n    ~1,160 hectares, historically underexplored\n- The Willow Property lies in a similar geological environment to the Sustut Copper Deposit\n  - Upper Triassic Takla Group\n  - A major fault in the Willow Creek valley strikes northwest-southeast, cutting though southern portion of Sustut claims"]
- **Leadership:** Jon Ward (CEO & Director, Finance and investor relations professional with extensive experience across the mining and business services sectors. Previously led Investor Relations and Corporate Communications for Inventa Capital and Vizsla Silver.), Grant Tanaka (CFO, Over 15 years of financial leadership experience in the mining industry. Currently CFO of Vizsla Royalties Corp. and Vizsla Copper Corp.), Lee Beasley (Vice President of Exploration, Certified Professional Geologist with over 20 years of experience in exploration. Has held senior technical and leadership roles with various mining companies.), Oliver Friesen (Director, Seasoned geologist with over a decade of experience in mining and oil and gas industries. Currently CEO and Director of Guardian Metal Resources.), Dr. Jesus Velador (Director, Over 25 years of exploration experience specializing in epithermal, skarn, replacement, and porphyry deposits. Currently VP Exploration at Vizsla Silver.)

_Verified data last updated: 2026-05-15_

## Recent filings

- 2025-07-29 — press_release — [Corcel Exploration Announces U.S. Listing on the OTCQB](https://chat.orbiton.app/crcl/preview/3774?documentId=3774)
- 2025-07-28 — press_release — [Corcel Exploration Reports Positive Airborne Magnetic Survey Results at Yuma King, Arizona](https://chat.orbiton.app/crcl/preview/3773?documentId=3773)
- 2025-06-23 — press_release — [Corcel Exploration Appoints Lee Beasley as Vice President of Exploration](https://chat.orbiton.app/crcl/preview/3778?documentId=3778)
- 2025-05-29 — press_release — [Corcel Exploration Commences Drone-Based Airborne Magnetic Survey at Its Yuma King Project, Arizona](https://chat.orbiton.app/crcl/preview/3777?documentId=3777)
- 2025-05-13 — press_release — [Corcel Exploration Identifies High-Grade Copper and Gold Zones with up to 11.60% Copper and 17.15 g/t Gold from Surface Sampling at Yuma King, Arizona and Announces Agreements](https://chat.orbiton.app/crcl/preview/3772?documentId=3772)
- 2025-04-22 — press_release — [Corcel Exploration Inc. Appoints New Director](https://chat.orbiton.app/crcl/preview/3776?documentId=3776)
- 2025-04-07 — press_release — [Corcel Exploration Inc. Appoints New Chief Executive Officer](https://chat.orbiton.app/crcl/preview/3771?documentId=3771)
- 2025-03-31 — press_release — [Corcel Closes Over-Subscribed $1,434,000 Financing](https://chat.orbiton.app/crcl/preview/3781?documentId=3781)

## Investor FAQ

### [Latest News?](https://chat.orbiton.app/crcl/faq/latest-news)

Corcel Exploration recently announced the identification of high-grade copper and gold zones at the Yuma King Project, with results showing up to 11.60% copper and 17.15 g/t gold from surface sampling. Additionally, the company has commenced a drone-based airborne magnetic survey at the Yuma King Project to further explore its potential.

### [Projects Overview?](https://chat.orbiton.app/crcl/faq/projects-overview)

Corcel Exploration's flagship project is the Yuma King Project, located in Arizona, covering 3,200 hectares with 515 unpatented claims. The project has a history of high-grade production and multiple mineralization styles, including copper-gold skarn and porphyry systems, and is supported by extensive historical data and recent surface sampling results.

## Live AI chat

- https://chat.orbiton.app/crcl/chat
- Investor website: https://corcelexploration.com/