Algo Grande Reports Phase II Drill Update and UAV Magnetic Survey Results at Adelita; Multiple Porphyry Centers Identified at Depth

The Phase II drilling program is progressing ahead of schedule: Hole 001 has been completed and the campaign has advanced to Hole 002 of 21 planned, covering roughly an 8,000-metre program. A second drill rig is expected to mobilize within the coming days, supporting an acceleration of drilling activity.

Analysis

The Phase II drilling program is progressing ahead of schedule: Hole 001 has been completed and the campaign has advanced to Hole 002 of 21 planned, covering roughly an 8,000-metre program. A second drill rig is expected to mobilize within the coming days, supporting an acceleration of drilling activity.