Announcement • Feb 26
Axo Copper Corp. Provides Exploration Update and Initiates Drill Program At Previously Acquired San Antonio Project
Axo Copper Corp. announced an update on go-forward exploration plans at both its recently acquired San Antonio gold project in Sonora, and its La Huerta copper project in Jalisco. San Antonio Exploration Work Plan. Axo will be conducting the first drill program since Osisko Development Corp.'s 2021, 27,870 metre resource definition drilling. The program is expected to be divided into two parts: (i) infill and resource expansion drilling in and around existing resources; and. (ii) initial drilling on high-priority targets along strike of current resources, that have been identified through mapping and sampling. Axo plans to fast track Sapuchi oxides into production by using the existing infrastructure at San Antonio including a crusher and carbon-in- column plant already on site. The goal of the Sapuchi drill program is to upgrade the resource confidence, in conjunction with adding new ounces from drilling 'gaps' within the initial resource, and drilling around the peripherals of the deposit. The initial Sapuchi drill plan is targeting 25,000 metres and is recently underway. Since Axo acquired San Antonio in late-January, crews have been re-establishing roads to allow drilling access at the El Tigre zone, with first drilling anticipated to begin in mid-March. The current drill plan to test the El Tigre zone and other targets that lie outside the resource stands at 5,000 metres, however the company has funding to substantially upsize as required, pending on drilling success. La Huerta Assay Results and Exploration Update. The latest assay results from La Huerta were highlighted by hole LHCC-25-043, recording an intercept of 2.26% Cu and 6.29gpt Ag over 11.4 metres, containing 3.69% Cu and 9.33gpt Ag over 4.2 metres. These results represent a down dip extension of about 40 metres from hole LHCC-25-031, which was previously reported as 1.64% Cu and 7.59gpt Ag over 12.4 metres. The location of the current drillhole underway is shown in Figure 3 below. Hole ID, comment, From, To, Length(1), Copper, Silver, Copper Eq.1, m, m, m, %, gpt, %, %, %, %. LHCC-25-037, La Huerta Trend, 81.9, 85.6, 3.7, 1.7, 1.7.14, 1.14, 1.4, 1.16, LHCC-25-039, LaHuerta Trend, 1.5, 6.7, 5.2, 0.20, 0.21, LHCC-25-042, La Huerta Trend. The sealed and tagged drill core sample bags are transported to the ALS Chemex facility in Queretaro and Zacatecas, Mexico.
