Tribeca Resources Corporation announced that drilling has recommenced at the Company's La Higuera Project in the Coastal Iron Oxide Copper-Gold (IOCG) Belt of northern Chile. The goal of the planned Phase 2 4,000m diamond drilling program is to follow-up the positive results at the Gaby IOCG discovery from Tribeca's maiden drill program announced earlier in 2023. The planned 4,000m diamond drilling program, of approximately ten drillholes, will test the open northern extension of the previously intersected mineralization, as well as new IP and gravity geophysical targets on the flanks of the mineralized system defined to date.

In addition, several holes will be drilled along-section from selected Phase 1 holes to better understand both the geometry and grade distribution of the mineralized system. The drill program has an expected duration of approximately four months, with results, depending on laboratory timelines, expected to be released progressively as they are received. The drill program comprises approximately 4,000m of drilling in 10 drill holes.

The planned average depth of 400m is required in order to penetrate the gravel cover of 0-70m thickness, and drill across what is currently interpreted as a sub-vertical shear/fault-controlled body of approximately 130m width (260m downhole). The planned series of drill holes will: Provide step-outs to the interpreted northern extension of the 1km of known mineralized strike length drilled to date, with Phase 2 drilling extending a further 600m to the north. Test three new geophysical targets defined by IP chargeability, IP low-resistivity, or gravity anomalies, which are all located within 400m of the main Gaby trend.

Add additional holes to three drill sections, drilled either up- or down-dip from previous intersections, with the objective of better understanding the geometry of the mineralized system. Drilling is expected to continue over approximately four months, initially using one drill rig, and with a second being mobilised when appropriate.