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Kenadyr Metals ( (TSE:ALGR) ) has provided an announcement.
Algo Grande Copper Corp. reported an exploration update from its 100%-owned Adelita Project in Sonora, highlighting completion of Phase I drilling at the Cerro Grande Skarn and a broad surface prospecting program. The work underscores a district-scale multi-deposit system with skarn, porphyry and epithermal mineralization, reinforcing the project’s potential significance within the copper–gold–silver space.
The company identified a new skarn zone at the Potrero South target, about 3 km south of Cerro Grande, with over 300 metres of surface exposure and samples above 3% copper, and confirmed mineralization across several targets including Las Trancas, Cerro Grande Northwest, La Molina and Mezquital. Assays from the recent drilling are pending, but earlier results have already outlined five high-grade skarn horizons and substantial cumulative mineralized intercepts, suggesting meaningful upside for resource growth and value for stakeholders if continuity and grades are confirmed.
More about Kenadyr Metals
Algo Grande Copper Corp. is a mineral exploration company focused on copper, gold and silver, with its flagship Adelita Project in Sonora, Mexico. The company is targeting skarn, porphyry and epithermal systems across a district-scale land package, aiming to define multiple mineralized centers beyond its main Cerro Grande Skarn discovery.
Average Trading Volume: 79,080
Technical Sentiment Signal: Buy
Current Market Cap: C$30.47M
See more insights into ALGR stock on TipRanks’ Stock Analysis page.