Vancouver, British Columbia — February 24, 2026 — Leads & Copy — Corcel Exploration Inc. (CSE: CRCL) (OTCQB: CRLEF) has received official acceptance of the required reclamation bond from the U.S. Bureau of Land Management (BLM) for its Yuma King project in Arizona, the company announced today.
The approval authorizes Corcel to commence site preparations and drilling at the project. The company is planning a 1,500-meter diamond core drilling program across 6-8 sites, targeting copper and gold skarn and porphyry-style mineralization.
The program will concentrate on targets in and around the Yuma King Mine, identified through recent drone magnetic geophysical surveys and geochemical sampling. Historical drilling at the Yuma King Mine includes intersections of 0.78% Cu, 0.53 g/t Au, and 6.3g/t Ag over 45.4m in Cu-Au skarn.
The objectives of the 2026 drill program are to confirm historical drill results, expand Cu-Au mineralization along strike and down dip at the Yuma King Mine, and identify new zones of high-grade Cu-Au mineralization. Initial drilling will test both skarn/replacement and porphyry mineralization styles, as the system remains open in multiple directions and at depth.
Corcel has also begun a ground induced polarization (IP) geophysical survey at the Project. The 10-line km 2D pole-dipole IP geophysical survey will cover the Yuma King West and Yuma King mine priority exploration targets.
The IP survey is designed to transect target areas where alteration and mineralization are exposed through windows in thin structural cover. The high-resolution survey will help in defining the geological and structural framework as well as detecting sulphide mineralization. The IP survey will be combined with the preciously conducted drone magnetics and surface geochemistry data to enhance the geological model and to fine-tune drill targets for a follow up drill program.
CEO Jon Ward stated that receiving official acceptance of the reclamation bond is an important milestone for Corcel, allowing them to move forward with site preparation and drilling at Yuma King. With permits in place, the company is preparing to begin its 1,500-metre drill program across multiple priority targets. Ward added that the induced polarization survey will help the company better understand the potential scale and strength of mineralization across the property, and guide drilling to efficiently advance the Yuma King Project.
Roy Greig, Ph.D., P.Geo, a Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects, and advisor to Corcel Exploration Inc. has reviewed and approved the technical content in this news release.
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 Cu-Au 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 King Mine which saw underground production of copper, lead, gold and silver between 1940 and 1963. The Company also holds a 100% interest in the Willow copper project.
Source: Corcel Exploration Inc.
