- Culpeo Minerals (CPO) identifies new geophysical targets from a recently completed magnetic survey at its Lana Corina project in Chile
- A total of 13 targets have been identified, which shared strong geophysical similarities to the Lana-Corina-Laura prospect
- The targets were co-incident with elevated copper values in surface geochemical surveys
- Culpeo will analyse the data to prioritise the drill targets, and will begin drilling once the current nine hole program is complete
- Shares in the company are up 10.3 per cent and trading at 16 cents per share at 11:04 am AEST
Culpeo Minerals (CPO) has identified new geophysical targets from a recently completed magnetic survey at its Lana Corina project in Chile.
A total of 13 targets were identified, which shared strong geophysical similarities to the Lana-Corina-Laura prospect. Recent drilling at the prospect identified significant copper grades over wide intervals.
Interpretation of the recently completed ground magnetic survey as well as analysing existing drill core has shown mineralisation occurs in areas with a low magnetic response.
The new target areas had a low magnetic response within a belt of predominantly magnetic high response.
The results of the magnetic survey were integrated with the historical surface geochemical data, which demonstrated the relationship between the new targets and areas of anomalous copper geochemistry at surface.
The company will analyse the data to prioritise the drill targets, and will begin drilling once the current nine hole program is complete.
Managing Director Max Tuesley said the results are encouraging.
The targets are located within clear structural trends and have associated elevated surface geochemical signatures, making them compelling targets for drill testing,” he said.
Shares in the company were up 10.3 per cent and trading at 16 cents per share at 11:04 am AEST.