en.Wedoany.com Reported - Auro Metals Inc. (formerly Tincorp Metals Inc.) released its first substantive exploration announcement under the new name on June 22, 2026, disclosing assay results from the first three drill holes of Phase I drilling at the Santa Barbara project, located in the Zamora Copper-Gold Metallogenic Belt in southeastern Ecuador. Results show a continuous 705-meter intersection averaging 0.61 g/t gold, 0.10% copper, and 0.64 g/t gold equivalent, with mineralization encountered from surface and continuing to the end of the hole without being fully penetrated.
Auro Metals Inc. is a Canadian publicly listed company focused on mineral exploration in South America, formerly known as Tincorp Metals Inc. The name change marks a strategic shift in the company's focus toward gold and copper mining. The Santa Barbara gold-copper project is wholly owned by Auro Metals, covering a concession area of 52 square kilometers in the Zamora Copper-Gold Metallogenic Belt in southeastern Ecuador, a globally significant porphyry copper-gold district.
The three drill holes disclosed in this announcement were all located in the porphyry mineralization core zone in the southern part of the Santa Barbara project. All core samples were analyzed by SGS laboratories, which are accredited under ISO/IEC 17025. Quality control samples, including certified reference materials, blanks, and duplicates, accounted for 20% of the sample sequence, fully compliant with Canadian NI 43-101 international mining disclosure standards. The most notable hole, DSB-54, reached a total depth of 931.38 meters, with continuous mineralization from 0 to 705.7 meters, averaging 0.61 g/t gold, 0.10% copper, and 0.64 g/t gold equivalent. It also includes a high-grade enrichment zone from 0 to 235 meters, with gold grades of 0.97 g/t, copper of 0.11%, and gold equivalent of 1.00 g/t. The other two drill holes also performed robustly: DSB-55 intersected 246 meters averaging 0.56 g/t gold and 0.09% copper, while DSB-56 intersected 134 meters averaging 0.67 g/t gold and 0.09% copper.
As of the announcement date, the company's Phase I 10,000-meter drilling program has completed 12 holes totaling 5,119.4 meters, with four rigs operating 24 hours a day on site. Core from the remaining nine holes has all been submitted for analysis. The mineralization continues to extend along shallow up-dip, deep down-dip, and horizontal lateral directions.
This drilling result represents Auro Metals' first major exploration breakthrough since the name change. The continuous 705-meter mineralized intersection in hole DSB-54 is a rare thick ore body in porphyry copper-gold deposits and holds significant reference value for the global porphyry copper-gold mining industry. As assay results from the remaining drill holes are released, the resource potential of the Santa Barbara project will become clearer.
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