- Culpeo Minerals (CPO) intersects visible copper mineralisation over 170 metres at its Lana Corina project in Chile
- The find comes from the second drill hole of the company’s phase two program and extends the footprint of Lana Corina mineralisation by 100 metres
- Culpeo Minerals Managing Director Max Tuesley describes the mineralisation as a “game-changing discovery”
- The company says the results from the program, along with phase one assays, will build upon its understanding of this newly-discovered copper system at Lana Corina
- Culpeo Minerals is up 4.76 per cent and trading at 11 cents at 2:23 pm AEDT
Culpeo Minerals (CPO) has intersected visible copper mineralisation over 170 metres at its Lana Corina project in Chile.
The find came from the second drill hole of the company’s phase two program, from 280 metres to 450 metres downhole.
Culpeo said the discovery extended the footprint of Lana Corina mineralisation by 100 metres, which remained open up-dip and to the southwest.
The company noted the new mineralisation was coincident with the T10 geophysical anomaly, where breccias were previously mapped, which it said validated its targeting methodology.
Culpeo Minerals Managing Director Max Tuesley described the mineralisation as a “game-changing discovery”.
“Culpeo’s work at Lana Corina, which includes geochemical sampling, mapping, geophysics and drilling, has confirmed the company’s exploration model at the project,” he said.
“The importance of this discovery cannot be overstated, as it has extremely encouraging implications for the copper and molybdenum endowment within the project area.”
The remainder of the phase two drilling will consist of up to ten holes totalling 5000 metres of drilling to systematically explore and define mineralisation at Lana Corina, with the aim to increase the size of the copper and molybdenum mineralised footprint already defined.
Culpeo said the results of the program, along with phase one assays, would build upon its understanding of this newly discovered copper system at Lana Corina.
Culpeo Minerals was up 4.76 per cent and trading at 11 cents at 2:23 pm AEDT.