King Copper Discovery Corp Stock Price, News & Analysis

King Copper Discovery Corp. (KCP-TSXV, TBXXF-OTCQB, 3RI-FSE) has officially changed its name from Turmalina Metals Corp., effective March 11, 2025. The company's focus is on the Colquemayo copper-gold-silver project in Southern Peru, covering 6,600 hectares of road-accessible terrain.

The project shows significant potential with historical drilling results including:

• 237.3m @ 2.4% Cu, 0.08 g/t Au & 10 g/t Ag
• Including 15.15m of 27% copper

The company is currently designing a drill program based on the re-logging of 20,000 metres of historic drill core. Environmental baseline studies have been completed by INSIDEO for permit applications. Additionally, the company has granted 6.8 million stock options to officers, directors, employees, and consultants at $0.15 per share with a five-year term.

Turmalina Metals Corp. (TBXXF) announces a corporate name change to King Copper Discovery Corp., effective March 11, 2025, with a new trading symbol KCP on TSXV. The change reflects the company's focus on the Colquemayo copper-gold-silver project in Southern Peru.

The project, spanning 6,600 hectares, features significant mineralization with historic drill results including:

• 237.3m @ 2.4% Cu, 0.08 g/t Au & 10 g/t Ag
• 161.2m @ 3.4% Cu, 0.09 g/t Au & 14 g/t Ag
• 31.3m @ 14.8% Cu, 0.2 g/t Au & 47 g/t Ag

The company has initiated baseline fieldwork and engaged INSIDEO for environmental impact assessment studies, important for drill permit applications. The project shows potential for both high-grade epithermal mineralization and an underlying copper porphyry system.

Turmalina Metals Corp (TBX-TSXV, TBXXF-OTCQX) has successfully closed its non-brokered private placement offering, raising $5 million through the issuance of 100 million common shares at $0.05 per share. The proceeds will fund the company's property costs and working capital needs.

The offering included participation from company insiders, with two directors and an officer-controlled corporate subscriber acquiring 8.5 million shares for $425,000. Additionally, 1,746,500 shares were issued to eligible arm's length finders. All issued securities are subject to a four-month-plus-one-day statutory hold period.

The company has announced plans to rebrand as King Copper Discovery Corp, with its TSX Venture Exchange trading symbol changing to 'KCP'.

Turmalina Metals Corp has begun initial fieldwork at the Colquemayo Project in Peru following finalized access agreements with local communities. The project, located in Moquegua Province, features historic drill results including notable intersections of 237.3m at 2.4% Cu, with higher-grade sections.

The 6,600-hectare property contains multiple epithermal and porphyry targets. INSIDEO, a Lima-based environmental consultant, has started environmental baseline studies and is working on the Declaración de Impacto Ambiental permit required for drilling. The exploration team is currently relogging 15,000m of existing drill core to develop a geological model for future drilling phases.

Additionally, the company is exploring options to monetize its San Francisco project in Argentina, including potential joint venture partnerships.

Turmalina Metals Corp. (TBX-TSXV, TBXXF-OTCQX) has received TSXV approval for its Mineral Property Option Agreement with Compania De Minas Buenaventura S.A.A. The agreement grants Turmalina's subsidiary the option to acquire 100% interest in the Colquemayo Project, consisting of nine mining concessions in Peru.

To exercise the option, Turmalina must:

• Pay US$1,560,000 in cash over four years
• Incur $6,200,000 in exploration expenditures

Turmalina Metals Corp. (TBX-TSXV, TBXXF-OTCQX, 3RI-FSE) has provided an update on its recently announced option to acquire 100% of the Colquemayo Project in Peru. The project is an epithermal and porphyry copper-silver-gold exploration property in Moquegua Province, Southern Peru, spanning 6,600 hectares. Historic drill results include impressive intersections such as 237.3 m at 2.4% Cu, 0.08 g/t Au & 10 g/t Ag.

The company is undertaking initial permitting steps, community meetings, and data review. Exploration will focus on validating geology, determining breccia body geometry, and interpreting geophysical data. Turmalina aims to explore areas outside the three known hydrothermal alteration centers, which may represent less eroded parts of epithermal systems with potential for new discoveries.

Turmalina Metals Corp. has entered into a Mineral Property Option Agreement with Compania De Minas Buenaventura and Aurora Copper Peru. The agreement grants Turmalina the option to acquire 100% interest in the Colquemayo Project, an epithermal and porphyry copper-gold-silver exploration project in Southern Peru.

Historical drilling results at Colquemayo have shown significant copper, gold, and silver intercepts, including 237.3 meters at 2.4% Cu, 0.08 g/t Au & 10 g/t Ag.

The project covers 6,600 hectares and includes several high-potential targets for further exploration. Turmalina will pay $1.56M in cash and incur $6.2M in exploration expenditures over four years to exercise the option.

The company plans to advance the project through systematic exploration and aims to define resources and evaluate the project's economic potential.

Turmalina Metals Corp. continues expanding mineralization in the epithermal vein camp at the San Francisco project in Argentina. They have mobilized heavy equipment to prepare drilling platforms and access roads to explore new vein systems like Veta Blanca, Veta 21, and Mosquete. The company is advancing seven vein systems within a recognized epithermal gold belt, with high-grade gold discoveries similar to nearby mines like Casposo. The exploration team has been successful in identifying new mineralized targets and extending the known epithermal vein systems, showcasing the project's potential.