Mr. Enrico Gay reports
ALGO GRANDE BEGINS EARTHWORKS IN PREPARATION FOR PHASE II DRILL PROGRAM AT ADELITA AND ANNOUNCES GRANT OF OPTIONS AND RESTRICTED SHARE UNITS
Algo Grande Copper Corp. has engaged Major Drilling Group International Inc. to execute an approximately 8,000-metre phase II drill program at its Adelita project in Sonora, Mexico, and has commenced earthworks in preparation for drilling, including construction of drill pads across multiple high-priority target areas.
Initial site preparation is now under way and includes the rehabilitation of existing access roads, and development of access routes to support efficient mobilization. These activities are focused on improving accessibility across both sides of the Cerro Grande skarn target area, where initial drilling will be concentrated.
Approximately 30 drill pad locations (seven metres by seven metres) are currently being prepared across the Cerro Grande skarn and its extensions, including the south and northwest zones, as well as additional high-priority targets such as Cerro Potrero South -- where the company has identified an approximately 300-metre skarn outcrop located approximately three kilometres from Cerro Grande -- and Las Trancas, an epithermal target showing significant Ag-Cu-Au (silver-copper-gold) mineralization. Together, these targets support a broad, district-scale drill campaign.
Enrico Gay, chief executive officer of Algo Grande Copper, commented: "With Major Drilling engaged and earthworks now under way at Adelita, the company is advancing toward its phase II drill program. Approximately 30 drill pads are being prepared across Cerro Grande and multiple high-priority targets, positioning the company to test and expand the scale of high-grade copper mineralization along the six-kilometre limestone corridor. The completion and integration of lidar, magnetic and geochemical programs will be key in finalizing drill targets for the upcoming campaign."
Exploration update
The company also provides an update on continuing exploration activities at its Adelita project in Sonora, Mexico, where multiple key programs -- including a property-wide lidar (light detection and ranging) survey, a continuing drone magnetic survey and a district-scale geochemical sampling program -- have been completed or are advancing toward completion. These data sets are expected to support a highly targeted phase II drill program scheduled to commence in May.
The lidar survey has been completed, with final high-resolution data processing and deliverables currently pending.
The drone magnetic survey is approximately 60 per cent complete. Survey work was temporarily paused due to equipment damage and is expected to resume in the coming weeks. Upon completion, the survey will provide additional insight into subsurface structures and potential controls on mineralization.
The company has also completed a district-scale soil sampling program, collecting a total of 1,685 samples across approximately eight square kilometres. Samples are currently being analyzed using handheld XRF technology, with approximately the top 10 per cent of anomalous results to be submitted to an independent certified laboratory for detailed geochemical analysis.
Upon integration of these data sets, the company expects to provide an update in the coming weeks outlining prioritized drill targets for the phase II program.
Option and RSU (restricted share units) grants
Algo Grande additionally announces that it has granted a total of 1.76 million incentive stock options and 2.05 million restricted share units to certain directors, officers, employees and consultants of the company, pursuant to the company's stock option plan and long-term incentive plan.
Each option is exercisable for one common share at an exercise price of 65 cents for a period of three years from the date of grant. Fifty per cent of the granted options will vest in six months, and the remaining 50 per cent of the options will vest six months thereafter. All RSUs will vest one year from the date of grant.
The grant of options and RSUs remains subject to approval of the TSX Venture Exchange.
About Algo Grande Copper Corp.
Algo Grande Copper is a growth-focused mineral exploration company advancing the Adelita project, a district-scale, multisystem copper-silver-gold opportunity positioned in the prolific Arizona-Sonora copper belt.
Algo Grande is dedicated to unlocking the full mineral potential of this underexplored corridor through disciplined data-driven exploration, technical excellence and a firm commitment to value creation for shareholders. The 5,895-hectare Adelita project is anchored by the high-grade Cerro Grande Cu-Ag-Au skarn discovery, which exhibits strong continuity along a defined corridor extending over six kilometres. Reprocessing of legacy geophysical data and field mapping indicate the presence of a potential porphyry system at depth, suggesting a classic skarn-porphyry mineralization model similar to major deposits found throughout northwestern Mexico.
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