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- Culpeo Minerals (CPO) extends surface copper and gold mineralisation at its Quelon project in Chile
- Sampling work extended the mineralised zone by 500 metres south of the Anico prospect, and it now covers an 800-metre-by-1000-metre area
- This work returned assays grading 1.88 per cent copper, 4.1 g/t gold and 97.5 g/t silver
- The company says the extended mineralisation is coincident with a geophysical anomaly, and a three-hole drilling program is planned to test it further
- CPO shares are trading 7.14 per cent higher at 15 cents at 2:50 pm AEDT
Culpeo Minerals (CPO) has extended surface copper and gold mineralisation at the Anico prospect, which is part of its Quelon project in Chile.
The mineralised zone has been extended by 500 metres to the south and now covers 800 metres by 1000 metres.
Mineralisation was extended on the back of new assay results from rock chip sampling and mapping work, which was completed to follow up and infill results from sampling undertaken earlier this year.
New results included grades of up to 1.88 per cent copper, 4.1 grams per tonne (g/t) gold and 97.5 g/t silver.
Culpeo said it believed the extended area of copper and gold mineralisation was coincident with a geophysical anomaly, suggesting there may be a deeper mineralised body at the Anico prospect.
The company plans to follow up on the results by drilling three holes, for roughly 1200 metres, to test the features of the anomaly.
CPO shares were trading 7.14 per cent higher at 15 cents at 2:50 pm AEDT.
