Bocana Resources Corp. announced the completion of seven diamond drill holes on the Escala area concession in south-west Bolivia. The Company's inaugural drilling was completed on October 24, 2023 and tested both the Cerro Galapagos and Cerro Blancos areas as well the Laura Zone.

The Cerro Galapagos target area hosts a large, multi-phased, felsic intrusive complex with extensive alteration and up to 4 phases of sulphide mineralization observed. Assay results are pending for all holes. Cerro Galapagos; Cerro Galapagos contains a large approximately, 2.0 X 2.0-kilometre, circular, induced polarization ("IP") chargeability high and moderate to high resistivity anomalies.

Four diamond drill holes (HRC 2301-2304) were completed for a total of 1,314.7 metres testing different areas within the Cerro Galapagos area. Cerro Galapagos is a large, felsic porphyry complex containing multiple phases and extensive argillic and phyllic alteration zones. HRC 2301 tested the south-east corner of the large IP high at the inferred intrusive/volcanoclastic contain.

Extensive pyrite and arsenopyrite-pyrite mineralization was encountered in both rock types indicating at least two phases of mineralization. HRC 2302 tested the south-west area of the IP, chargeability anomaly within the intrusive body. The hole was entirely within the intrusive complex containing different phases of intrusive activity with the intrusion breccias hosting much of the pyrite and arsenopyrite-pyrite phases of mineralization.

HRC 2303 is located approximately 200 metres north of the central core of the IP chargeability anomaly. The was extended by 150 metres due to extent and increasing sulphides concentrations with depth. Several intrusive phases were encountered, most of which were mineralized again by pyrite and arsenopyrite-pyrite phases.

HRC2304 was added to the program after the visual sulphides concentration in HRC2303 and is located 100 metres from the HRC 2303 collar location. The hole contains several intrusive phases including intrusive and intrusion breccia and a significant increase in hydrothermal breccias. H2304 hosted at least 4 phases of mineralization with base metal mineralization occurring in the apparently youngest, hydrothermal breccias.

Again, most of the rock types encountered were mineralized with pyrite and arsenopyrite mineralization as disseminations and fracture fillings. Cerro Blanco; HRC-2305/06 were completed for a total of 331.2 metres testing IP, chargeability, and resistivity highs. Both holes encountered approximately 5-10 metres of sediments before encountering a single phase of a quartz eye porphyry.

Minor pyrite and chalcopyrite mineralization occurs at the sediment/intrusive contact in both holes and approximately 30 metres of crackle fractured intrusive in hole HRC 2306 healed by finer grained pyrite with traces of chalcopyrite. Laura Zone; HRC 2307 tested an area of known mineralization from historic mining areas and ended at 355.9 metres. The hole encountered a single-phase intrusive body with several narrow fractures healed by mainly pyrite.

In the area of the Laura vein, base metal mineralization was also encountered in facture zones less than a metre in thickness.