- Culpeo Minerals (CPO) reports broad copper-gold mineralisation following drilling at the Las Petacas Project in Chile
- Seven diamond drill holes totalling 2400 metres have been completed at Las Petacas, with drilling of an eighth hole currently underway
- All holes intercepted broad visible copper mineralisation present as copper oxide and sulphide minerals
- The company says the results highlight the potential for Las Petacas to host a significant copper deposit
- Culpeo Minerals is down 6.25 per cent, trading at 18.8 cents
Culpeo Minerals (CPO) has reported broad copper-gold mineralisation following drilling at the Las Petacas Project in Chile.
Seven diamond drill holes totalling 2400 metres have now been complete at Las Petacas, with drilling of an eighth hole currently underway. All holes to date intercepted broad visible copper mineralisation present as copper oxide and sulphide minerals.
Assays results from the initial two holes at its maiden drilling project reportedly intersected broad near surface zones of copper and gold mineralisation.
Results included one metre at one per cent copper and 0.1 grams per tonne (g/t) gold from 324.2 metres and 3.5 metres at 0.74 per cent copper and 0.55g/t gold from 71.5 metres.
“These are very encouraging results from the maiden drill program with every hole returning zones of significant copper and gold mineralisation, highlighting the potential for Las Petacas to host a significant copper deposit,” Culpeo Minerals’ Managing Director, Max Tuesley said.
“The results confirm historical drilling and illustrate potential for copper mineralisation over a roughly 6 kilometre-long trend which remains largely untested.”
Culpeo Minerals was down 6.25 per cent, trading at 18.8 cents just before market close.