en.Wedoany.com Reported - Getty Copper Inc. (GTC:TSX.V; GTCDF:OTCMKTS) has released the first assay results from its 2026 exploration program at the Getty project in the Highland Valley region of British Columbia, Canada. The company stated that the program is designed to support future resource estimation and potentially expand the scale of the Getty North porphyry copper deposit.
Specific results were obtained from the first three planned drill holes. Hole GN26-01, a resource confirmation hole, intersected a 342-meter mineralized interval from 9 meters depth, grading 0.50% copper, 87 ppm molybdenum, and 0.8 g/t silver. Within this interval, the hole returned 108 meters grading 0.70% copper from 12 meters depth, and 135 meters grading 0.55% copper from 186 meters depth. Hole GN26-03, an extension hole, intersected a 170.8-meter mineralized interval from 408.2 meters depth, grading 0.24% copper, 50 ppm molybdenum, and 0.3 g/t silver, including a 45.9-meter interval grading 0.40% copper. Hole GN26-04, another resource confirmation hole, intersected a 278-meter mineralized interval from 22 meters depth, grading 0.38% copper, 46 ppm molybdenum, and 0.4 g/t silver, including a 150-meter interval grading 0.51% copper from 66 meters depth.
CEO Ryan O'Regan stated in a press release that these initial results from Getty North highlight the company's potential within the mineral claim package. He noted that recent work has focused on improving data quality at Getty North to prepare for future resource estimation and to seek expansion of the deposit. The company indicated that holes GN26-01 and GN26-04 are the first two of eight planned resource confirmation holes, aimed at collecting multi-element assay suites to support upgrading historical resource estimates to modern standards. The grades and widths of these holes are consistent with expectations based on historical drilling data.
Hole GN26-03 is a down-dip extension drilled more than 65 meters below historical drilling, which, according to the company, indicates mineralization continuity at depth. Getty stated that the deposit remains open in the down-dip direction. To date, 14 holes have been completed at Getty North, with an additional 11 holes (totaling 7,377 meters) completed but awaiting assay results and QA/QC review. Drilling continues at Getty South.
At the Annual General and Special Meeting on June 9, 2026, shareholders approved a share consolidation on a basis of up to five pre-consolidation common shares for one post-consolidation common share. The company expects to announce the effective date of the consolidation soon. Shareholders also approved a new comprehensive equity incentive plan, which is subject to final approval from the TSX Venture Exchange.
The global copper market remains focused on policy changes. According to a Bloomberg News report on June 19, the market is awaiting a final U.S. decision on tariffs for refined copper imports. The report stated that traders anticipate a Commerce Secretary review at the end of June and are assessing the potential impact of the tariff decision on trade flows, inventories, and prices. Nicole Ni, Deputy General Manager of Eagle Metal International Pte, told Bloomberg that the policy has a significant impact on copper prices. David Wilson, Senior Metals Strategist at BNP Paribas SA, argued that logically, imposing tariffs on raw materials makes no sense, as it cannot suddenly stimulate new supply. Michael Ballanger of GGM Advisory noted in a June 23 commentary that copper is up 11.75% year-to-date and has set two subsequent all-time highs after its January peak. He wrote that copper continues to attract speculative interest globally and emphasized that without a significant increase in copper production, the expansion of data centers would be impossible.
In a June 24 report, Mia Nurmamat of the South China Morning Post described copper as one of the most important commodities of the 21st century, with uses ranging from supporting AI servers and cooling infrastructure to electric vehicle batteries and modern defense systems. The report also noted concerns about the concentration of the global copper processing industry, with a single foreign producer dominating global copper smelting and refining, controlling over 50% of smelting capacity and owning four of the top five refining facilities.
In a June 18 commentary, Jeff Clark and Daniel Flynn of Paydirt Prospector described Getty Copper as a "revived copper explorer" that has acquired mineral claims in an area described as "one of Canada's best copper mines." They noted that the area has "seen little modern exploration" and mentioned historical indicated resources of 114 million tonnes at 0.37% copper. The commentary cited historical study data: indicated resources of 114.4 million tonnes at 0.37% copper; inferred resources of 41.7 million tonnes at 0.28% copper; and a probable reserve of 86.6 million tonnes at 0.40% copper. According to the authors, the current program focuses on confirming and upgrading historical work.
Geologist Sharyn Alexander, in the same commentary, noted that the Getty project is not a grassroots copper discovery but a known porphyry copper system in a mature mining district being re-evaluated with modern exploration methods and a more aggressive drilling program. She stated that historical resources provide scale, but the more important question is "what might early work have missed." At Getty North, drilling is testing the continuity of copper-molybdenum mineralization below the known deposit; a 2024 extension hole returned a broad copper interval, supporting the interpretation that the system remains open. At Getty South, the company is targeting higher-grade breccia-hosted copper mineralization around the historical Trojan Zone, an area with historical near-surface copper intercepts and an induced polarization chargeability anomaly that appears to strengthen at depth. She concluded that the key question for investors is whether modern drilling can prove the deposit is larger, better zoned, and more geologically compelling than historical work suggested.
Getty plans to complete 12,000 to 16,000 meters of drilling in 2026, with 8,000 to 10,000 meters focused on drill targets and 4,000 to 6,000 meters aimed at exploration targets. The company's June corporate presentation indicates that drilling is designed to test deeper extensions of the deposit interpreted from recent re-logging, improve geological and alteration modeling, lay the foundation for geometallurgical models, and support resource updates at Getty North and Getty South. Related work also includes building modern resource datasets and models, targeting drilling in areas such as Getty West, Buck, and Dot Matrix, and planning an exploration drilling campaign for the second half of 2026. The company stated that assay results are expected to be received throughout the summer.
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