Mike Fagan,
Editor
July 9, 2026
Algo Grande Copper Corp. (TSX-V: ALGR)(OTCQB: ALGRF) — currently trading around C$0.55 per share in a strong precious and base metals market — reports that its Phase II drill program at the 100%-owned Adelita copper-silver-gold project in Sonora, Mexico, is advancing ahead of schedule.
The first hole at Adelita is complete with drilling now underway on Hole 2 of the planned 21-hole, 8,000-meter program.
A second drill rig is expected onsite in the coming days, accelerating the fully funded program across multiple high-priority targets ahead of the first batch of assay results expected in August.
At the same time, ALGR has completed interpretation of a high-resolution UAV magnetic survey, further refining drill targeting across the broader Adelita district.
The new data identified three interpreted porphyry-related intrusive centers at depth while validating the company’s exploration model and highlighting multiple additional exploration targets that remain untested.
Algo Grande Copper CEO Enrico Gay commented via press release:
“The detailed magnetics have identified multiple intrusive centers at depth across a 6.5-km corridor, each one a potential engine driving the copper-silver-gold mineralization we see at surface. At Cerro Grande we have a high-grade skarn above a deep porphyry source. At La Corona, a newly identified intrusion with coincident copper anomalism that has never seen a drill bit. At Mezquital, the largest magnetic body on the property with a molybdenum signature pointing to porphyry mineralization at depth. Phase II drilling is now advancing along a 2.5-km prospective corridor at Cerro Grande, with a second rig mobilizing and first assay results expected in August.”
Notably, the ongoing Phase II program is ALGR’s largest drill campaign to date, building on the success of the recently completed maiden Phase I drill program.
Phase I confirmed a high-grade copper-silver-gold skarn system at Cerro Grande, including three newly discovered skarn horizons and an expanded mineralized footprint, with Phase II now testing extensions of the discovery and other high-priority targets across the broader Adelita district.
While Cerro Grande remains the primary focus, Phase II also includes maiden drill testing at Cerro Potrero South where surface work has outlined a second skarn occurrence ~3 km from the central discovery area.
Drilling will also test the Las Trancas epithermal target, located along trend from Pan American Silver’s past-producing Alamo Dorado silver mine.
With drilling now advancing along the 2.5-km Cerro Grande expansion corridor for the first time and initial assay results expected in August, Algo Grande is entering a catalyst-rich period that could further expand the scale and discovery potential of the broader Adelita project — all at a current market cap below C$30 million.
Be sure to check out this field update featuring Algo Grande CEO Enrico Gay and members of the company’s technical team as they discuss the Phase-2 program and the broader opportunity unfolding at Adelita:
For additional information on Algo Grande Copper Corp., please contact the company’s IR department at 778-907-2547 or via email info@algo-grande.com.
Visit the Algo Grande corporate website and sign up to receive updates directly from the company here. View the most recent Corporate Presentation here.
Check out our complimentary feature-length report on Algo Grande here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from Algo Grande Copper
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