King Copper Discovery Receives DIA Approval for 36,010-metre Drill Program at the Colquemayo Project

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentVANCOUVER, British Columbia, July 06, 2026 (GLOBE NEWSWIRE) — King Copper Discovery Corp.

(“King Copper” or the “Company”) (TSX-V: KCP, OTCQB: TBXXF, FSE: 3RI) is pleased to announce that it has received, through its 100%-owned subsidiary in Peru, Aurora Copper Peru SAC, approval of its Declaración de Impacto Ambiental (“DIA”) for the Colquemayo Project (“Project”), located in southern Peru.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe approval of the DIA represents a significant milestone in the advancement of the Colquemayo Project and provides the environmental certification required to proceed toward the Company’s exploration and drilling activities. The permit authorizes up to 36,010 metres of diamond drilling from 40 drill platforms comprising up to 59 drill holes.

Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentThe Company is fully funded for the 36,010-metre drill program.

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Browse here.Article contentJonathan Richards, Chief Executive Officer, commented: “The approval of the DIA is the most important corporate milestone achieved by the Company since acquiring Colquemayo. This approval represents a major step toward the commencement of our planned drill program and advances us toward testing the geological model that underpins our conviction in the Project.

Historical drilling identified extensive copper mineralization across a large hydrothermal system, including significant intercepts such as 237.3 metres with 2.4% copper in COQ-10-36.

Our recent technical work, including the relogging of over 20,000 metres of historical drill core and a comprehensive geological reinterpretation, has strengthened our understanding of the Project and identified several priority targets for drill testing below the historic drilling. With this milestone now achieved, we are advancing toward the next phase of exploration and the opportunity to drill test the broader copper potential of Colquemayo.”Article contentArticle contentDIA Approval HighlightsArticle contentThe approved DIA authorizes:Article contentUp to 36,010 metres of diamond drillingUp to 59 drill holes from 40 drill platformsExploration activities across multiple priority target areas identified through the Company’s geological reinterpretation and targeting workSupporting infrastructure required to execute the planned exploration programArticle contentThe approved exploration footprint provides King Copper with the flexibility to systematically evaluate multiple target areas across the Colquemayo Project and execute a phased exploration strategy designed to target new discoveries within this large copper system.

Article contentChico Azevedo, VP of Business Development, commented: “The high-grade potential of the Colquemayo mineralized system is illustrated by prior drilling that returned up to 15.15 metres of 27% copper, within a broader intercept of 237.3 metres of 2.

4% copper starting at a down-hole depth of 306.25 metres in hole COQ-10-36. The approval of the DIA is an important milestone, and we thank the local communities for their support and collaboration throughout the permitting process.

In addition to targeting extensions to this high-grade epithermal mineralization, we intend to follow up on indications of an underlying copper porphyry system identified in prior drilling. Our exploration model at Colquemayo draws on its similarities to linked epithermal and porphyry systems in the Andes, a prime example being Filo del Sol in Argentina.”Advertisement 1This advertisement has not loaded yet.

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