- Culpeo Minerals (CPO) hits a 169-metre intersection grading more than one per cent copper at its Lana Corina project in Chile
- The result comes from the first of ten planned drill holes as part of the company’s phase two drilling program, which is aiming to increase the mineralised footprint at the project
- Within the 169-metre intersection, grades of up to 3.56 per cent copper and 8470 parts per million molybdenum were intercepted — the highest individual assays to date
- Culpeo Managing Director Max Tuesley says the initial results continue to demonstrate that the company has a copper system of “significant scale” at Lana Corina
- CPO shares are trading 4.35 per cent higher at 11.5 cents at 10:57 am AEDT
Culpeo Minerals (CPO) has hit a 169-metre intersection grading more than one per cent copper at its Lana Corina project in Chile.
The result comes from the first drill hole completed as part of the company’s phase two drilling program, which is aiming to increase the mineralised footprint at the project.
Three drill holes have been completed so far out of a planned ten.
In addition to the copper grades, the 169-metre intersection also included 225 parts per million molybdenum from 239 metres downhole.
Within the intersection, grades of up to 3.56 per cent copper and 8470 parts per million molybdenum were intercepted — the highest individual assays to date.
Other high-grade zones included 23 metres at 1.46 per cent copper and 62 parts per million molybdenum from 284 metres and 26 metres at 1.43 per cent copper and 47 parts per million molybdenum from 336 metres.
Culpeo Managing Director Max Tuesley said the initial results continued to demonstrate that the company had a copper system of “significant scale” at Lana Corina.
“It is an exciting time for Culpeo as the phase two drilling program continues,” Mr Tuesley said.
“Further assay results will be released in the coming weeks as we test the multiple high-priority geophysical and geochemical targets and continue to expand this significant new high-grade copper-molybdenum discovery.”
CPO shares were trading 4.35 per cent higher at 11.5 cents at 10:57 am AEDT.