VANCOUVER, British Columbia, Jan. 22, 2026 (GLOBE NEWSWIRE) — Pecoy Copper Corp. (“Pecoy Copper” or the “Company”) (TSXV: PCU; FSE: D5E; OTCQB: PCUUF) is pleased to announce details of its 2026 exploration program at the Company’s flagship Pecoy Copper-Gold-Molybdenum-Silver Project (“Pecoy” or the “Project”) located in southern Peru, together with planned drilling at the nearby Tororume Project, highlighting the Company’s strategy to advance a large, low-elevation, district-scale copper system.
The fully funded 2026 exploration program is focused on testing and expanding higher-grade zones at Pecoy, growing the overall size of the deposit, and advancing Tororume to assess its district-scale potential. The program will test the recent geological reinterpretation of historical and current drilling, which point to multiple mineralized centres and strong upside from both extensions of known zones and new discoveries.
2026 Exploration Program Highlights
- Up to 40,000 metres of diamond drilling planned during 2026
- Up to five (5) drill rigs anticipated at peak activity
- Five priority target areas to be tested and advanced (Figure 1 and Figure 2):
- South Breccia
- Center of the Pit & Central Breccia
- EDM Vein Zone
- West Pampa
- Northwest Target Area
- Approximately 5,000 metres of drilling planned at Tororume
Vincent Metcalfe, Chief Executive Officer of Pecoy Copper, commented: “Our 2026 exploration program is structured to be both systematic and opportunistic. We aim to expand zones that already demonstrate scale and continuity, while at the same time allocating meaningful effort to targets that we believe could represent additional breccia centres or higher-grade zones within the broader Pecoy system. With multiple areas still open and only partially tested, we see strong potential for continued resource expansion through 2026.”
2026 Priority Exploration Areas at Pecoy
Collectively, the five initial areas represent different structural levels and expressions of the same evolving hydrothermal system consistent with large porphyry-related copper systems. This provides for multiple independent opportunities for scale and grade discovery. Drilling to date has tested the Pecoy system over approximately 1.9 km of strike, 1.5 km in width, to an average depth of 400 metres. Within the system Pecoy has identified multiple breccia bodies characterized by matrix and clast-supported sulphide mineralization remaining that remain open laterally and at depth.
South Breccia
The South Breccia represents one of the most advanced and best-defined mineralized breccia bodies at Pecoy and hosts the higher-grade mineralization encountered to date. Drilling has outlined a coherent geometry with strong continuity, and the breccia remains open laterally and at depth, including toward the west beneath alluvial cover. The 2026 program will focus on testing and expanding this higher-grade ore body through step-out drilling under cover, continued evaluation of depth potential, and further refinement of breccia geometry and internal controls on mineralization.
Center of the Pit & Central Breccia
The Center of the Pit and Central Breccia areas are interpreted as a potentially concealed magmatic-hydrothermal breccia centre that has only been intersected tangentially by historical drilling and remains largely untested. The planned work program includes directional drilling designed to penetrate the interpreted breccia body, step-outs to test open extensions, particularly to the west with the Center of the Pit target and integration of geological vectoring to optimize drill pierce points.
EDM Vein Zone
The EDM (Early Dark Micaceous) vein zone represents an important vectoring and plumbing feature within the Pecoy system, characterized by early-stage veining associated with copper mineralization and interpreted to occur at depth. Drilling will aim to better define the extent, continuity and vertical distribution of EDM veining, evaluate relationships to breccia development and higher-grade mineralization, and use vein density and alteration patterns as key vectoring tools to guide further targeting.
West Pampa
The West Pampa area represents a priority under-explored zone beneath cover, with geological, geophysical and alteration features consistent with potential extensions of the Pecoy system. The planned activities include first-pass and step-out drilling beneath cover, testing for concealed breccia bodies or mineralized porphyry phases, and integration of surface and subsurface data to refine targets.
Northwest Target Area
The Northwest area represents a less explored portion of the property with geological characteristics that suggest is proximal to the broader mineralized system, including the presence of EDM veins and high molybdenum values. The 2026 work program will focus on reconnaissance and follow-up drilling, defining alteration and structural controls and assessing potential connections to known mineralized zones.
The 2026 Pecoy exploration program is expected to materially advance the characterization of the South and Central Breccias, including the Center of the Pit target, while progressing additional targets toward potential discovery.
Tororume – Demonstrating District-Scale Exploration Strategy
The Tororume Project, located approximately 8 km north of Pecoy, is an underexplored porphyry system with a mineralized footprint extending over several kilometres. Limited historical drilling (nine holes) intersected consistent copper mineralization from surface, leaving significant portions of the system untested. The 2026 program includes approximately 5,000 metres of drilling to expand known mineralization and test high-priority targets.
Regional Exploration Upside
In addition to Pecoy and Tororume, multiple additional regional exploration targets have been identified across the broader land package. These targets remain untested and provide additional longer-term discovery optionality (Figure 3).
Ongoing Drilling and Program Integration
Two drill rigs are currently operating at the Pecoy Project, focused on the South Breccia, with one drill hole nearing completion. Drilling is expected to progress toward the Central Breccia and EDM Vein Zone. Information generated from current drilling will be continuously integrated into the 2026 program to refine targeting and optimize drill allocation.
In parallel with drilling, the Company will continue advancing:
- Deposit-scale geological modeling and data integration
- Vein-type and alteration mapping to improve vectoring
- Target refinement across the broader Pecoy property
Pecoy Project Highlights
- Large copper system with an inferred resource of 865 Mt at 0.34% Cu (approximately 6.5 billion pounds contained copper), plus associated gold, molybdenum and silver credits
- Surface exposure and multiple breccia centres, including the South Breccia
- Favourable topography at Pecoy Hill, with extensive mineralization expressed at surface and consistent with potential open-pit style geometry
- Low elevation (~1,650 m) with year-round access and proximity to infrastructure corridors and deep-water ports
- Additional district-scale upside at Tororume (~8 km north)
Key Upcoming Catalysts for 2026
The Company anticipates several value-driving catalysts, including:
- Ongoing drill results and program updates from Pecoy and Tororume
- Initial metallurgical testwork results
- Updated geological modelling and target refinement
- Analyst and institutional site visits
Together, these efforts are designed to systematically advance Pecoy toward becoming a large, multi-centre copper system with both near-term growth potential and a clear pathway toward long-term resource definition.
Investor Relations Engagement
Pecoy Copper has retained Renmark Financial Communications Inc. (“Renmark”) to provide investor relations and market awareness services. In consideration for the services to be provided, Renmark will receive a cash fee of up to $9,000 per month, commencing January 1, 2026, for an initial term of seven months ending July 31, 2026, and continuing thereafter on a month-to-month basis.
Renmark does not have any interest, directly or indirectly, in Pecoy Copper Corp. or its securities, nor does it have any right or intent to acquire such an interest.
For more information about Pecoy Copper, please visit our website at www.pecoycopper.com or view the Company’s VRIFY presentation at https://vrify.com/decks/21137.
Figure 1: Target Zones with Current Holes Underway – PEC25-065 and 066
Figure 2: Aerial View of Priority Target Zones
Figure 3: Regional Exploration Targets Across the Combined Pecoy–Tororume Claim Package
About Pecoy Copper
Pecoy Copper is advancing the 9,975-hectare Pecoy Copper-Gold-Molybdenum-Silver Project, a large, undeveloped porphyry system located in southern Peru’s Arequipa region, within one of the world’s most prolific copper belts. The Pecoy deposit hosts a current copper inferred resource of 865 million tonnes at 0.34% Cu, with significant associated gold, molybdenum, and silver credits.
To date, less than 49,000 metres of historical drilling have been completed at Pecoy, defining a broad and continuous mineralized system with potential for expansion along strike and at depth. The project benefits from its favourable elevation of approximately 1,650 metres above sea level, providing year-round access and reduced operating complexity compared to many high-altitude Andean deposits.
Strategically located near the Pacific coast, Pecoy enjoys excellent infrastructure, with close proximity to highways, power lines, and water sources, and good access to the deep-water ports of Matarani (approximately 240 km southwest) and Ilo. This infrastructure advantage positions Pecoy Copper to advance the project efficiently from exploration toward future development within one of the world’s most established and mining-friendly jurisdictions.
The Company’s common shares are listed on the TSX Venture under the symbol “PCU” and also trade on the OTCQB under the symbol “PCUUF”.
About Renmark Financial Communications Inc.
Founded in 1999, Renmark is a leading privately held full-service investor relations firm, located in Atlanta, New York, Toronto and Montreal. For the past 25 years, Renmark has provided services in investor relations, media relations and web development representing small, medium and large cap public companies listed on all major North American exchanges. On a daily basis our team of professionals enhance our client’s visibility within the retail market space as corporate communicators. With the largest roadshow footprint in North America, and a state-of-the-art media studio, we host a multitude of live streaming Virtual Non-Deal Roadshows across North America and Europe.
NI 43-101 Technical Disclosure
The scientific and technical information in this news release has been reviewed and approved by Vincent Cardin-Tremblay, P.Geo., current Chief Geological Officer of Pecoy Copper, a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). An NI 43-101 technical report in respect of the Pecoy Project with an effective date of April 30, 2025 and dated July 23, 2025 was prepared by Mining Plus and is available on SEDAR+ under the Company’s profile. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
For further information, please contact:
Pecoy Copper Corp.
Suite 1500, 1055 West Georgia Street, Vancouver, BC V6E 4N7
Tel: (514) 249-9960 | Email: [email protected]
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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Information
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements relating to: the Company’s ability to continue drilling activities at Pecoy, to drill up to 40,000 metres, test the priority exploration areas, test the Tororume area and to work toward resource definition. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Pecoy Copper to control or predict, that may cause Pecoy Copper’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading “Risk Factors” in the Company’s listing application available for review on the Company’s profile at www.sedarplus.ca. Such forward-looking information represents management’s best judgment based on information currently available. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
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