Corcel Exploration Inc. (CSE: CRCL) has announced plans for a Phase 2 reverse circulation drill program at its Yuma King Project in west-central Arizona, targeting over 3,500 metres of drilling across three previously undrilled high-priority zones. The program builds on Phase 1 results, which returned 56.65 metres of 1.07% copper, 0.79 g/t gold, and 7.1 g/t silver in drill hole YK26-001. The Yuma King Project is considered prospective for high-grade copper-silver-gold and tungsten mineralization, minerals of growing strategic importance. Investors may be watching to see how the expanded program advances the project's district-scale potential.

Key Points

  • Corcel Exploration Inc. (CSE: CRCL | OTCQB: CRLEF | FSE: Y67)
  • Phase 2 reverse circulation drill program planned for over 3,500 metres at the Yuma King Project, Arizona
  • Three untested targets identified: YK North (1.0 km northwest), YK West (1.2 km southwest), and Three Musketeers (1.8 km west) of the Yuma King mine
  • Investors may be watching for drill results from the three high-priority targets and planned geophysical surveys around the historic mine area

Three Untested Targets Drive Phase 2 Scope at Yuma King

The Phase 2 program will systematically evaluate three targets outside the historic Yuma King mine area. The YK North target, approximately 500 metres wide and characterised by high-conductivity geophysical signatures, is considered potentially analogous to the existing mine zone. The YK West target features outcropping magnetite-rich skarn, elevated copper rock-chip values, and a broad high-chargeability anomaly. The Three Musketeers target, interpreted as potentially reflecting the upper levels of a porphyry-skarn system, will be tested across an area of 350 by 150 metres and carries additional tungsten potential with rock samples returning up to 19.15% WO3.

Strong Phase 1 Intercepts Underpin Expanded Yuma King Exploration

The Phase 2 announcement follows a Phase 1 program focused on the historic Yuma King mine area, where drill hole YK26-001 returned 56.65 metres of 1.07% copper, 0.79 g/t gold, and 7.1 g/t silver, as reported on June 1, 2026. The Three Musketeers target area has also returned soil geochemical samples of up to 1.47 g/t gold and 10,750 ppm copper, and rock-chip samples of up to 17.15 g/t gold and 11.6% copper from prior work. Corcel also disclosed plans for additional geophysical surveys near the mine to help identify a potential underlying porphyry source.

Corcel Signs C$95,000 Media Services Agreement with Market One

Alongside the drill program announcement, Corcel disclosed it has entered a 12-month media services agreement with Market One Media Group, commencing October 21, 2026. The company will pay C$95,000 plus applicable GST for editorial, video, and digital media services across channels including BNN Bloomberg. The release states that compensation is not tied to share price or trading volume, and Market One will receive no securities or options. Market One is described as arm's length to Corcel. The immediate share price impact was not clear from available public information.