{"url":"https://newsforagent.com/news/2026-10-23/algo-grande-copper-adelita-ni-43-101-update","markdown_url":"https://newsforagent.com/news/2026-10-23/algo-grande-copper-adelita-ni-43-101-update.md","title":"Algo Grande Copper Orders NI 43-101 Update for Adelita","headline":"Algo Grande Copper Taps Addison Mining for Independent NI 43-101 Update at Adelita","description":"Algo Grande Copper engaged Addison Mining Services to update the NI 43-101 technical report on its Adelita project.","section":"Contracts & Customers","published_at":"2026-10-23T22:00:20+00:00","modified_at":"2026-10-23T22:00:20+00:00","author":"News Desk","key_takeaways":["Algo Grande Copper engaged Addison Mining Services to update the NI 43-101 technical report on the Adelita Project in Sonora, Mexico.","The current technical report has an effective date of August 15, 2025, before Algo Grande acquired Adelita in December 2025.","Addison CEO James Hogg visited Adelita from October 11 to 15, 2026, satisfying the personal inspection requirement under NI 43-101."],"companies":[{"name":"Algo Grande Copper Corp","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00067gb/algo-grande-copper-corp","website":"https://algo-grande.com"}],"source":{"publisher":"Stock Titan","title":"Algo Grande Copper commissions Adelita report update","url":"https://www.stocktitan.net/news/ALGRF/algo-grande-commissions-independent-ni-43-101-update-to-capture-h1hrisi39jef.html"},"other_sources":[],"tags":["Contracts & Customers","Algo Grande Copper Corp"],"body_markdown":"[Algo Grande Copper Corp](https://akta.pro/company-profiles/00067gb/algo-grande-copper-corp). engaged Addison Mining Services to update the NI 43-101 technical report on its 100%-owned Adelita Project in Sonora, Mexico, the company said in a Stock Titan [report](https://www.stocktitan.net/news/ALGRF/algo-grande-commissions-independent-ni-43-101-update-to-capture-h1hrisi39jef.html). The current report has an effective date of August 15, 2025, and the update will incorporate exploration work completed since.\n\n## Addison Mining's Role at Adelita\n\nAddison is a London-based geological and mining consultancy founded in 2014 that has completed more than 250 projects for over 140 clients worldwide. Its CEO and Principal Geologist, James Hogg, has more than 20 years of experience, including NI 43-101 reporting for TSX-listed companies, and acts as a Qualified Person for porphyry-related deposits.\n\nAlgo Grande acquired Adelita in December 2025 and has since completed a Phase I diamond drill program of four holes totalling 1,998 metres at Cerro Grande, a property-wide surface prospecting campaign in January 2026 that collected 49 rock samples, and an ongoing Phase II diamond drill program that began in June 2026 and to date comprises approximately 4,000 metres in nine holes. The work also includes UAV magnetic surveys, district-scale geological mapping, definition of the Mezquital porphyry target, a five-year surface access agreement with the Ejido Palos Chinos covering approximately 1,796 hectares executed on September 30, 2026, and a ground gravity survey of approximately 1,296 stations across Mezquital, Cerro Grande, Cerro Potrero and Las Trancas that started in October 2026.\n\nEnrico Gay, CEO of Algo Grande Copper Corp., said: \"Adelita has been materially advanced in less than a year of operations, and we are proud of what our team has delivered. Updating the technical report ensures the record reflects where the project stands today.\"\n\nHogg visited the Adelita Project with João Rocha from October 11 to 15, 2026, covering Cerro Grande, Cerro Potrero and Potrero South, Las Trancas and Mezquital, and inspected the core shack in Navojoa and field operations. The visit satisfies the personal inspection requirement under NI 43-101 for the Qualified Person responsible for the report.\n\n## Algo Grande's Funding and Drilling Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Algo Grande is a pre-revenue mineral exploration company advancing the 5,895-hectare Adelita copper-silver-gold project, anchored by the high-grade Cerro Grande skarn discovery. The same records show the company closed an oversubscribed $6.52 million private placement in February 2026, upsized to $7 million total, and commenced an 8,000-metre Phase II diamond drill program in June 2026.\n\n## Adelita Results Before the Update\n\nAlgo Grande reported full assay results from hole AG-CG-PH2-002 at Cerro Grande in September 2026, confirming two high-grade copper-silver-gold zones totalling 68.43 metres averaging 1.2% CuEq, according to FinancialContent Business Page. In August 2026, the company reported that Hole 2's copper zone had more than doubled to 68.77 metres and Hole 3 intersected a new extensive interval of mineralization, FinancialContent Business Page said. Algo Grande closed a non-brokered private placement of 7,977,497 common shares at $0.60 each for gross proceeds of $4.8 million in September 2026, Investing.com reported.\n\n## Filing Plans for the Technical Report\n\nAlgo Grande will file the Technical Report Update on SEDAR+ upon completion, the company said. The update has not yet been prepared, and no conclusions of the Qualified Person are expressed or implied by the announcement.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}