- Culpeo Minerals (CPO) receives results from the second hole drilled at the Lana Corina copper project in Chile
- Just recently, Culpeo began its maiden diamond drilling program at Lana Corina to test for high-grade copper mineralisation
- Both holes have intersected significant copper grades with the second hole intersecting 0.95 per cent copper and 81 parts per million molybdenum
- Based on the initial results, Culpeo has completed a ground-based magnetic survey to map the alteration zone and identify additional breccia targets for drill testing
- Shares in Culpeo are down 1.47 per cent trading at 16.18 cents
Culpeo Minerals (CPO) has received results from the second hole drilled at the Lana Corina copper project in Chile.
Just recently, Culpeo began its maiden diamond drilling program at Lana Corina to test for high-grade copper mineralisation.
A total of nine diamond holes, for 4000 metres, were drilled to target breccia and porphyry-hosted high-grade copper mineralised zones.
Results have been received for two holes, both of which intersected significant copper grades over wide intervals.
One of the holes, CMLCD002, has intersected a wide high-grade zone of copper mineralisation with a result of 257 metres at 0.95 per cent copper and 81 parts per million (ppm) molybdenum.
The results validate the geological model and extend the copper mineralisation to a depth of 450 metres where it remains open.
The third hole has just been completed with visible mineralisation logged at 250 metres.
Based on the initial results, Culpeo has completed a ground-based magnetic survey to map the alteration zone and identify additional breccia targets for drill testing.
The data is currently being modelled by Culpeo’s geophysical consultants with the results to be announced shortly.
“The broad zone of high copper and molybdenum grades from near surface in CMLCD002 is the widest recorded mineralised intercept reported from Lana Corina to date and has exceeded the company’s expectations,” Managing Director Max Tuesley said.
“This result, combined with the previous intercept reported from CMLCD001 continues to support the geological model that Lana Corina has considerable size and grade.”
Shares in Culpeo were down 1.47 per cent trading at 16.8 cents at 12:48 pm AEST.