Belararox Limited has provided an extensive update on its Toro‐Malambo‐Tambo Project in Argentina’s San Juan Province, detailing promising early exploration results from its maiden Phase 1 drilling program. The company’s efforts have focused on high-priority targets within a largely underexplored region. Notably, first-pass drilling at Tambo South encountered broad, continuous zones of anomalous copper. Updated 3D geological and geochemical models indicate that mineralized zones remain open both laterally and at depth, suggesting considerable potential for further expansion of the copper-gold system. At Toro South, surface sampling has returned encouraging assays that include copper, gold, and silver anomalies. Detailed geochemical mapping of these results points to a potential epithermal system that may overlie a deeper porphyry target—findings that have been corroborated by 3D interpretations of the geochemical data. The observed alterations around a porphyritic dacite intrusion, combined with the presence of pathfinder elements, add another layer of technical validation to the prospect. To refine these targets further, Belararox is planning magnetotelluric geophysical surveys at both Toro South and Tambo South, which are capable of imaging low resistivity zones to depths in excess of 2,000 meters. This approach has been successfully utilized in other similar projects in the region. Technical highlights from the update include the confirmation of copper intersections using a 0.1% copper cut-off and the positive integration of drill and surface data into updated 3D models. The company’s drilling results from Tambo South revealed multiple intervals with copper intercepts that are consistent with a high-sulfidation epithermal overprint on an underlying porphyry system. Meanwhile, the detailed sampling techniques and subsequent assays at Toro South strengthen the geological model that underpins the broader exploration strategy. There is a mixed sentiment surrounding these developments. On the bullish side, the initial Phase 1 drilling has yielded multiple technical successes that support the company’s geological targeting model. The broad, continuous copper zones at Tambo South and the intersected geochemical signatures at Toro South provide a robust foundation for further exploration, and the proposed magnetotelluric surveys add technical rigor to targeting follow-up drill campaigns in the upcoming field season. However, on the bearish front, the project remains in its early exploration phase, and the inherent risks of exploring in a large, underexplored region persist. Investors should note that while the technical indicators are promising, further drilling and follow-up surveys are required before any resource estimates or a clearer picture of commercial viability can be established. Overall, the exploration update signals a positive step forward for Belararox Limited, as it builds momentum in a region with significant potential for copper, gold, and related metals. The coming field campaigns and continued application of advanced geophysical techniques will be crucial in validating and expanding on these initial successes.