- Culpeo Minerals (CPO) discovers a one-kilometre zone of copper and gold mineralisation at its Quelon project in Chile
- The new find at the Anico Prospect follows a recent sampling and mapping program that saw copper grades of up to 1.30 per cent as well as 4.1 grams per tonne of gold
- Culpeo says it’s remaining optimistic about the potential of the copper and gold exploration target that has been identified at the Anico Prospect
- The company is now planning a trenching program over the coming weeks, which will be followed by drilling
- CPO shares are up 7.32 per cent to 22 cents per share at 11:07 am AEST
Culpeo Minerals (CPO) has discovered a one-kilometre zone of copper and gold mineralisation at its Quelon project in Chile.
The new find at the Anico prospect follows a recent sampling and mapping program that saw copper grades of up to 1.30 per cent as well as 4.1 grams per tonne of gold.
The Anico prospect is considered to have significant prospectively for iron-oxide-copper-gold or porphyry style mineralisation.
Culpeo is now planning a trenching program over the coming weeks, which will be followed by drilling.
The company said it hoped the trenching would give it an insight into the copper mineralisation at the prospect.
Culpeo said it was remaining optimistic about the potential of the copper and gold exploration target that had been identified at the Anico prospect.
“While Culpeo’s primary focus is the exciting Lana Corina project, we are encouraged by preliminary exploration results at our Quelon Project, demonstrating the depth of the company’s growth pipeline,” Managing Director Max Tuesley said.
“The widespread visual presence of copper mineralisation at the Anico prospect and discovery of historical mine workings support the recently-defined IP anomalies.
“We will now undertake a trenching program over the one-km strike length zone to gain greater insights on the copper mineralisation potential of the prospect.”
CPO shares are up 7.32 per cent to 22 cents per share at 11:07 am AEST.