Drilling News & Analysis
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Market Mood
Pecoy Copper (PCOY) Deploys Third Drill Rig for 35,000m Campaign
Pecoy Copper (PCOY) has initiated operations of a third drill rig at its Pecoy Copper-Gold-Molybdenum-Silver Project in southern Peru. This addition supports an ongoing 35,000m diamond drilling campaign focused on key copper targets and expanding geological knowledge. Initial drilling results from two holes indicate significant intersections, with PEC25-065 reporting 1,014m of 0.37% copper and 0.13 g/t gold, and PEC25-066 showing 1,020.5m of 0.43% copper and 0.09 g/t gold. The company aims to systematically evaluate and potentially expand the project, collaborating with local stakeholders and technical teams.
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Patterson-UTI (PTEN) Q1 2026 Earnings Highlights and Market Outlook
Patterson-UTI (PTEN) held its Q1 2026 earnings conference call on April 23, discussing their operational focus on delivering high-quality services to support customer efficiency. The company highlighted the importance of U.S. shale production amid geopolitical risks impacting oil supply. They expressed confidence in their ability to capture value from a rising U.S. rig count. However, they acknowledged the unpredictable pace of recovery in drilling and completion activity necessary to sustain oil production levels.
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Royal Road Minerals Resumes Drilling in Colombia with C$0.60 Price Target
Royal Road Minerals Ltd (TSX-V:RYR, OTC:RRDMF) has restarted drilling in Colombia, focusing on its Güíntar gold-copper-silver project, which covers 1,840 square kilometers. New results include drill holes returning 418 meters at 0.6 grams per tonne gold equivalent and 176 meters at 1.2 grams per tonne gold equivalent. Research firm SCP Resource Finance maintains a 'buy' rating with a price target of C$0.60, compared to the current share price of C$0.19. The company is preparing to mobilize drilling at its El Molino target, influenced by the upcoming May 2026 election in Colombia.
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