VANCOUVER, British Columbia – November 19, 2025 — Pecoy Copper Corp. (TSXV: PCU; OTCQB: PCUUF) announced that it is preparing to begin drilling within the coming weeks at its flagship Pecoy Copper-Gold-Molybdenum-Silver Project in southern Peru, marking a major operational milestone and the first on-site drilling since 2016.
The renewed exploration push follows a lengthy period of technical planning and regulatory coordination, including refreshed drill permits, updated environmental authorizations, access agreements, and months of dialogue with local communities—requirements that Peruvian mining authorities have increasingly emphasized in recent years as the country modernizes its permitting framework.
A Sign of Renewed Momentum in Peru’s Copper Belt
Peru remains the world’s second-largest copper producer, and interest in new projects has been revitalizing as global supply projections tighten. According to Latin American mining analysts, renewed exploration at Pecoy parallels a broader trend in southern Peru, where projects such as Quellaveco, Mina Justa, and extensions at Cerro Verde and Las Bambas have highlighted the region’s geological potential and critical role in meeting future copper demand.
Industry observers note that Pecoy sits within the same prolific Andean porphyry belt that hosts major world-class deposits operated by Freeport-McMoRan, Anglo American, and Southern Copper. The renewed drilling effort places Pecoy among the next wave of development-stage assets that could help offset the steep global decline in copper reserve replacement.
Project Consolidation Enables First Coordinated Exploration Strategy
Pecoy Copper’s 2025 go-public transaction consolidated ownership of the 9,975-hectare project under a single operator for the first time. Historically, multiple companies explored different parts of the property independently, leaving significant geological gaps and limiting cohesive resource modelling.
With the project unified, the company says the upcoming drilling program will target:
- Extensions of the main Pecoy porphyry system
- Higher-grade zones indicated in earlier campaigns
- Structural corridors linking the Pecoy Hill, South Breccia, Northwest Pampa and West Pampa zones
- Deeper mineralization that was never systematically tested in past programs
Preliminary 3D reinterpretations completed in 2024–2025 indicated that the mineral system may be larger than previously understood, consistent with similar Andean porphyry systems where depth and lateral extensions have often added substantial tonnage.
CEO: Timing Aligns With Market Forces and Global Structural Copper Demand
Vincent Metcalfe, CEO of Pecoy Copper, emphasized that rising copper prices and increasing global demand for electrification make this an advantageous moment to restart drilling.
“Copper demand is accelerating across energy transition technologies—from EV manufacturing to grid expansion—while supply growth remains constrained,” Metcalfe noted. “With community partnerships strengthened and the project consolidated, our upcoming program will allow us to define the true scale of Pecoy and advance one of the most substantial undeveloped copper assets in the region.”
Analysts have widely highlighted that copper markets face long-term structural deficits beginning later this decade as aging mines deplete and few new large-scale deposits advance toward production.
A Large, Underexplored Porphyry System With Strong Infrastructure Advantages
Pecoy’s current inferred resource stands at 865 million tonnes at 0.34% copper, with credits in gold, molybdenum and silver. Only 49,000 metres of historical drilling have been completed, which is low relative to porphyry systems of similar scale elsewhere in the Andes.
Unlike many projects located at extreme altitudes above 3,500 metres, Pecoy’s elevation of ~1,650 metres is considered a major operational advantage—allowing year-round access, reduced logistical complexity, and lower capital intensity for future development.
The project also benefits from:
- Nearby paved highways
- Regional power infrastructure
- Proximity to water sources
- Access to the deep-sea ports of Matarani and Ilo, two of the main copper export hubs on Peru’s southern coast
Mining economists note that infrastructure availability is a key factor distinguishing which development projects eventually advance into feasibility and construction.
Strengthening Community Partnerships and Social Engagement
Peru’s mining sector increasingly requires robust community engagement, and Pecoy Copper highlighted its collaborative work with local stakeholders. The company stated that drilling activities will proceed under agreements emphasizing transparency, environmental protection, and shared benefits for surrounding communities. This aligns with national expectations following recent regulatory reforms that place social licensing at the forefront of project development.
Next Steps
Pecoy Copper plans to release program details, including:
- Drill-hole locations
- Meterage
- Target priorities
- Updated geological models
as the mobilization phase progresses.
With copper markets tightening and Peru reaffirming its position as a top-tier mining jurisdiction, the commencement of drilling at Pecoy positions the company to potentially become a meaningful future contributor to the Andean copper pipeline.
