Kobrea Exploration Corp. (KBXFF) reports exploration and project-development activity for base metal properties in Argentina and Canada. The company holds the right to earn a 100% interest in seven projects covering 733 square kilometers in southwestern Mendoza Province, Argentina, within the Western Malargüe Mining District, and holds a 100% interest in the Upland Copper Project in British Columbia.
Recurring updates focus on porphyry copper and copper-gold-molybdenum targets, including El Perdido drilling, El Destino geophysical interpretation, Cuprum breccia mapping and sampling, access-road and camp work, and environmental approvals for mineral exploration and drilling.
Kobrea Exploration (KBXFF) engaged Oak Hill Financial to provide investor relations and marketing services, effective October 14, 2026. Services include outreach to Canadian investment advisors, investor messaging, identifying investors and regular activity reporting.
The agreement has an initial six-month term, with optional month-to-month extensions. Kobrea will pay C$12,000 monthly plus applicable taxes and reimburse pre-approved out-of-pocket expenses. Either party may terminate with at least five days' written notice. Oak Hill is an arm's length party and will receive no shares or other securities as compensation.
Kobrea Exploration (KBXFF) announced approval of a US$4 million exploration program for the 2026/2027 season at its Western Malargüe Copper Projects.
BHP Metals Exploration will fund the program under its exploration alliance with Kobrea. The alliance's Management Committee approved the work and budget for the Project Generation Phase in Mendoza Province, Argentina. Planned work includes diamond drilling at El Destino, a copper-gold-molybdenum prospect, and induced polarization surveys, an electrical geophysical method, at El Destino and KBX-17.
The program will evaluate the broader 733 km² land package through geological mapping, rock-chip and stream sediment sampling, and hyperspectral analysis. It also includes reconnaissance of newly identified prospects and selected sampling to determine geological ages. Kobrea's stated objective is to advance the land package toward discovery.
Kobrea Exploration (OTCQB: KBXFF) has completed the next payment under its August 14, 2024 option agreement to earn a 100% interest in the seven Western Malargüe Copper Projects totaling 733 km2 in southwestern Mendoza Province, Argentina. The latest payment comprised US$500,000 in cash and 300,000 common shares, which are subject to a four‑month‑and‑one‑day hold period.
Under the Option Agreement, Kobrea may earn up to a 100% interest in the projects, subject to a 1.5% net smelter return royalty in favour of the optionors, by issuing an aggregate 3,500,000 shares and making staged cash payments totalling US$6,760,000 over five years. Kobrea notes an alliance agreement with BHP Metals Exploration Pty Ltd to jointly advance exploration of the Western Malargüe Copper Projects.
Kobrea Exploration (OTCQB: KBXFF) announced an alliance agreement with BHP Metals Exploration to jointly advance exploration across Kobrea's Western Malargüe Copper Projects in Mendoza Province, Argentina. BHP Metals Exploration will make an upfront cash payment of US$3 million to Kobrea on commencement of the agreement, earmarked for project advancement.
During a two-year Project Generation Phase, BHP Metals Exploration will fund a minimum of US$5 million in exploration. In this period, BHP Metals Exploration may designate up to four projects to enter individual earn-in phases, where it can earn a 75% interest in each designated project by sole funding at least US$40 million in exploration over eight years. Kobrea will operate exploration during the initial two years, after which BHP Metals Exploration may assume operatorship. Upon completion of an earn-in on any designated project, a joint venture will be formed with BHP Metals Exploration holding 75% and Kobrea 25%, overseen by a joint management committee.
Kobrea (OTCQB: KBXFF) reported completion of its 2026 Phase 1 diamond drill program at the El Perdido copper-gold-molybdenum porphyry system in Mendoza, Argentina. Six holes totaling 2,358 m confirmed a large hydrothermal porphyry system with copper, gold, molybdenum and silver mineralization.
Geological observations indicate alteration, veining and sulphide intensity increase with depth, suggesting the porphyry core remains untested below current drilling. Only part of the 2 km by 2 km target was drilled, and additional drilling is planned next season.
Kobrea (OTCQB: KBXFF) reports progress at the El Perdido porphyry copper-gold-molybdenum system in Mendoza Province, Argentina. Initial holes DD26ELP001–DD26ELP003 were drilled to 603m, 474m and 662m; DD26ELP004 was abandoned at 200m after hitting a major fault zone.
The company observed chalcocite enrichment to 168m, shipped core to Alex Stewart International in Mendoza, engaged Major Drilling Argentina to continue work and began drill pad #3 construction.
Kobrea Exploration Corp (OTCQB: KBXFF) reports Phase 1 drilling at the El Perdido porphyry system in Mendoza Province has reached 1,739 metres across three holes, and a fourth diamond drill hole has commenced ~220 metres east of the initial pad with a 600 metre target depth.
The program tests a pyrite-chalcopyrite-molybdenum stockwork in potassically altered quartz diorite; Kobrea holds rights to earn 100% interest in seven projects totaling 733 km2.
Kobrea Exploration (OTCQB: KBXFF) discovered a 1,250m x 500m hydrothermal breccia at Target KBX-17 in the Cuprum trend, Western Malargüe, Mendoza Province, Argentina. Rock-chip samples in diorite near the breccia returned up to 1.6% Cu and breccia samples ranged 161–408 ppm Cu.
The breccia intrudes a 4x2 km equigranular diorite stock; a smaller 300m x 150m magnetite-cemented breccia returned up to 223 ppm Cu. An IP survey is planned to test for a porphyry at depth.
Kobrea Exploration (OTCQB: KBXFF) has started a Phase 1 diamond drilling program at the El Perdido porphyry copper-gold-molybdenum prospect in the Western Malargüe district, Mendoza Province, Argentina.
The initial program comprises three diamond holes targeting ~500 metres each beneath a leached cap into early quartz diorite porphyry and a vertically emplaced hydrothermal breccia. Drilling uses HQ/NQ core rigs capable of >1,000 m. Results from the first three holes will guide follow-up drilling. Separately, Kobrea entered a six-month public relations services agreement for USD 120,000 with Think Ink Marketing.
Kobrea Exploration (OTCQB: KBXFF) has mobilized field crews and a diamond drill to begin a phase 1 drill program at the El Perdido porphyry system in the Western Malargüe copper projects, Mendoza Province, Argentina.
El Perdido is a 6,878-hectare prospect with a 2 x 2 km hydrothermal alteration footprint, anomalous Cu-Au-Mo surface geochemistry, quartz diorite porphyritic intrusions, hydrothermal breccias and potassic alteration. This will be the first-ever drilling into the defined porphyry target; drilling is expected to begin next week. Technical information was reviewed by the company Qualified Person Rory Ritchie, P.Geo.