Algo Grande Begins Earthworks in Preparation for Phase II Drill Program at Adelita and Announces Grant of Options and Restricted Share Units
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Algo Grande Begins Earthworks in Preparation for
Phase II Drill Program at Adelita and Announces Grant
of Options and Restricted Share Units
VANCOUVER, BC – April 16, 2026 – Algo Grande Copper Corp. (“Algo Grande” or the
“Company”) (TSX-V: ALGR | OTC: ALGRF | FRA: KM00) announces the engagement
of Major Drilling Group International Inc. to execute an approximately 8,000 metre
Phase II drill program at its Adelita Project in Sonora, Mexico, and has commenced
earthworks in preparation for drilling, including construction of drill pads across multiple
high-priority target areas.
Initial site preparation is now underway and includes the rehabilitation of existing access
roads, and development of access routes to support efficient mobilization. These
activities are focused on improving accessibility across both sides of the Cerro Grande
skarn target area, where initial drilling will be concentrated.
Approximately 30 drill pad locations (7-metre by 7-metre) are currently being prepared
across the Cerro Grande skarn and its extensions, including the south and north-west
zones, as well as additional high-priority targets such as Cerro Potrero South - where
the Company has identified a ~300 metre skarn outcrop located approximately 3
kilometres from Cerro Grande - and Las Trancas, an epithermal target showing
significant Ag-Cu-Au mineralization. Together, these targets support a broad, district-
scale drill campaign.
Enrico Gay, CEO of Algo Grande Copper, commented: “With Major Drilling engaged
and earthworks now underway at Adelita, the Company is advancing toward its Phase II
drill program. Approximately 30 drill pads are being prepared across Cerro Grande and
multiple high-priority targets, positioning the Company to test and expand the scale of
high-grade copper mineralization along the 6-kilometre limestone corridor. The
completion and integration of LiDAR, magnetic, and geochemical programs will be key
in finalizing drill targets for the upcoming campaign.”
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Figure 1. Property-wide LiDAR survey.
Exploration Update
The Company also provides an update on ongoing exploration activities at its Adelita
Project in Sonora, Mexico, where multiple key programs - including a property-wide
LiDAR survey, an ongoing drone magnetic survey, and a district-scale geochemical
sampling program - have been completed or are advancing toward completion. These
datasets are expected to support a highly targeted Phase II drill program scheduled to
commence in May.
The LiDAR survey has been completed, with final high-resolution data processing and
deliverables currently pending.
The drone magnetic survey is approximately 60% complete. Survey work was
temporarily paused due to equipment damage and is expected to resume in the coming
weeks. Upon completion, the survey will provide additional insight into subsurface
structures and potential controls on mineralization.
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The Company has also completed a district-scale soil sampling program, collecting a
total of 1,685 samples across approximately 8 square kilometres. Samples are currently
being analyzed using handheld XRF technology, with approximately the top 10% of
anomalous results to be submitted to an independent certified laboratory for detailed
geochemical analysis.
Upon integration of these datasets, the Company expects to provide an update in the
coming weeks outlining prioritized drill targets for the Phase II program.
Option and RSU Grants
Algo Grande additionally announces that it has granted a total of 1,760,000 incentive
stock options (the “Options”) and 2,050,000 restricted share units (“RSUs”) to certain
directors, officers, employees and consultants of the Company, pursuant to the
Company’s stock option plan and long-term incentive plan.
Each Option is exercisable for one common share at an exercise price of $0.65 for a
period of three years from the date of grant. 50% of the granted Options will vest in six
months, and the remaining 50% of the Options will vest six months thereafter. All RSUs
will vest one year from the date of grant.
The grant of Options and RSUs remains subject to approval of the TSX Venture
Exchange.
About Algo Grande Copper Corp.
Algo Grande Copper Corp. is a growth-focused mineral exploration company advancing
the Adelita Project, a district-scale, multi-system copper-silver-gold opportunity
positioned in the prolific Arizona-Sonora copper belt.
Algo Grande is dedicated to unlocking the full mineral potential of this under-explored
corridor through disciplined data-driven exploration, technical excellence, and a firm
commitment to value creation for shareholders. The 5,895-hectare Adelita Project is
anchored by the high-grade Cerro Grande Cu-Ag-Au skarn discovery, which exhibits
strong continuity along a defined corridor extending over 6 kilometers. Reprocessing of
legacy geophysical data and field mapping indicate the presence of a potential porphyry
system at depth, suggesting a classic skarn-porphyry mineralization model similar to
major deposits found throughout northwestern Mexico.
ON BEHALF OF ALGO GRANDE COPPER CORP.
Enrico Gay
Chief Executive Officer
For more information, please contact:
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E-mail: [email protected]
Website: www.algo-grande.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY
OF THIS RELEASE.
Cautionary Statement on Forward-Looking Information
This news release contains statements and information that, to the extent that they are
not historical fact, constitute “forward-looking information” within the meaning of
applicable securities legislation. Forward-looking information is based on the reasonable
assumptions, estimates, analysis and opinions of management made in light of its
experience and its perception of trends, current conditions and expected developments,
as well as other factors that management believes to be relevant and reasonable in the
circumstances at the date that such statements are made, but which may prove to be
incorrect. Forward-looking information involves known and unknown risks, uncertainties
and other factors that may cause the actual results, performance or achievements of the
Algo Grande to differ materially from any future results, performance or achievements
expressed or implied by the forward-looking information, including, but not limited to,
statements relating to the Company’s exploration plans including the planned Phase II
drilling program, results of surveys and the geochemical sampling program, and those
listed in filings made by Algo Grande with the Canadian securities regulatory authorities
(which may be viewed at www.sedarplus.ca). Accordingly, readers should not place
undue reliance on any such forward-looking information. Further, any forward-looking
statement speaks only as of the date on which such statement is made. New factors
emerge from time to time, and it is not possible for Algo Grande’s management to
predict all of such factors and to assess in advance the impact of each such factor on
Algo Grande’s business or the extent to which any factor, or combination of factors, may
cause actual results to differ materially from those contained in any forward- looking
statements. Algo Grande does not undertake any obligation to update any forward-
looking information to reflect information, events, results, circumstances or otherwise
after the date hereof or to reflect the occurrence of unanticipated events, except as
required by law including securities laws.