Culpeo Minerals (ASX:CPO) begins geochemical work at Lana Corina, Chile

• Culpeo Minerals (CPO) begins a geochemical sampling program at its Lana Corina project in Chile
• The survey sampling program will test 17 magnetic anomalies over three kilometres of strike
• Lana Corina previously returned “significant” drill results, including a 257-metre hit grading 0.95 per cent copper and 81 parts per million (ppm) molybdenum
• Culpeo expects to receive results from the geochemical work in four to six weeks, and these results will inform follow-up drilling
• CPO ends the day 4.17 per cent in the green at 10 cents per share

Culpeo Minerals (CPO) has begun a geochemical sampling program at its Lana Corina copper-molybdenum project in Chile.

The survey sampling program will test 17 ground magnetic anomalies over three kilometres of strike at the expanded project area.

The company plans to collect around 260 samples to be taken on a 50-metre-by-100-metre grid and analysed for a suite of 50 elements.

Previous drilling at Lana Corina returned “significant” results such as a 257-metre hit at 0.95 per cent copper and 81 parts per million (ppm) molybdenum from 170 metres.

Drilling also confirmed a high-grade zone that extended 700 metres down-plunge and included a 35-metre hit grading 1704 ppm molybdenum, including four metres at 8845 ppm molybdenum.

Managing Director Max Tuesley said the company was excited to begin the program, as it would provide the first systematic litho-geochemical survey across the full extent of the prospective corridor in the Lana-Corina area.

“The results of this survey will provide additional information to assess the potential of the 17 surface regional targets identified at the project and will highlight new target areas for follow-up drill testing,” Mr Tuesley said.

Culpeo Minerals expects to receive results in four to six weeks and will use those to conduct follow-up drilling.

CPO ended the day 4.17 per cent in the green at 10 cents per share.