VANCOUVER, British Columbia — February 19, 2026 — Leads & Copy —
Pecoy Copper Corp. (TSXV: PCU; FSE: D5E; OTCQB: PCUUF) has announced initial assay results from its Phase 1 drill program at its Pecoy Project in southern Peru. The company’s first diamond drill hole, PEC-25-065, intersected approximately 1,186 meters of continuous copper-gold-molybdenum-silver mineralization, starting near the surface.
The drill hole confirms the scale and vertical continuity of the South Breccia system and significantly extends the mineralization below the current resource pit shell.
Drillhole PEC-25-065 intersected 1,014 m at 0.37% Cu, 0.13 g/t Au, 1.33 g/t Ag and 0.015% Mo from 17 m depth, extending mineralization below the current resource pit shell located approximately 624 metres downhole. The mineralization remains open at depth, and the hole ended in chalcopyrite-bearing intrusive.
The broad interval includes higher-grade sections of 700 m at 0.43% Cu, 0.14 g/t Au, 1.49 g/t Ag, 0.019% Mo from 246 m; 301 m at 0.53% Cu, 0.15 g/t Au, 1.81 g/t Ag, 0.018% Mo from 450 m; and 297 m at 0.52% Cu, 0.07 g/t Au, 1.94 g/t Ag, 0.033% Mo from 624 m located below the existing resource pit shell.
Hole PEC-25-065 provides the first continuous deep section through the South Breccia system, demonstrating vertically persistent hydrothermal brecciation and stockwork-style veining from surface to approximately 1,186 metres depth. The hole did not exit the mineralized system and transitions at depth into intrusive-dominated altered host rocks, supporting the interpreted porphyry architecture. The hole ended in a transitional brecciation zone.
Pecoy Copper CEO Vincent Metcalfe said the current 865 million tonne inferred resource at 0.34% copper, with gold, molybdenum and silver credits, was constrained by a conceptual pit shell. He added that this first hole at the South Breccia intersected continuous mineralization approximately 407 metres below that constraint, and at grades exceeding the current resource average. These results support the interpreted scale and vertical continuity of the system and reinforce the exploration potential of the project as the company advances its fully funded drill program.
Hole PEC-25-065 targeted the South Breccia Zone, where mineralization is hosted within brecciated and altered intrusive and is characterized by chalcopyrite, gold, silver and molybdenite, consistent with a large porphyry-related system. Magnetite abundance appears, at times, spatially associated with higher gold values.
The hole was drilled to test the hydrothermal magmatic breccia-hosted mineralization, the underlying porphyry at depth, and the continuity of the near-surface higher-grade gold zone. Mineralization persists to the end of the hole at 1,186 metres, where chalcopyrite-bearing veins and disseminations remain present within altered intrusive rocks.
No transition to distal propylitic alteration or barren intrusive was observed, suggesting the porphyry center may lie at depth beneath the South Breccia Zone. The upper portion of the hole is characterized by hydrothermal breccia and crackle-style stockwork veining, while deeper portions transition into more massive intrusive rocks with pervasive alteration and disseminated sulphides, reflecting vertical evolution within the hydrothermal system.
Copper, gold, molybdenum, and silver values occur throughout the interval, with molybdenum values locally increasing at depth, consistent with metal zoning typical of porphyry systems.
The South Breccia represents one of the most advanced and best-defined mineralized breccia bodies at Pecoy and hosts the higher-grade mineralization encountered to date. Drilling has outlined a coherent geometry with strong continuity, and the breccia remains open laterally and at depth, including toward the west beneath alluvial cover.
The 2026 program will focus on testing and expanding this higher-grade ore body through step-out drilling under cover, continued evaluation of depth potential, and further refinement of breccia geometry and internal controls on mineralization.
To date, approximately 3,000 metres have been drilled during the Phase 1 program, with two holes completed in the South Breccia Zone and two additional holes currently in progress. Drilling has now shifted toward testing the Center of the Pit target and Central Breccia areas.
Pecoy Copper is advancing the 9,975-hectare Pecoy Copper-Gold-Molybdenum-Silver Project in southern Peru’s Arequipa region. The Pecoy deposit hosts a copper inferred resource of 865 million tonnes at 0.34% Cu, with associated gold, molybdenum, and silver credits. The Company’s common shares are listed on the TSX Venture under the symbol “PCU” and also trade on the OTCQB under the symbol “PCUUF”.
Additional assay results will be released once assays are received, analyzed, and confirmed by the Company.
For more information about Pecoy Copper, please visit our website or view the Company’s VRIFY presentation.
Photos accompanying this announcement are available on the GlobeNewswire website.
Source: Pecoy Copper
