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- Culpeo Minerals (CPO) confirms “significant” copper and molybdenum drill results from its Lana Corina project in Chile
- Highlights from the company’s recent drilling included 72 metres at 0.91 per cent copper equivalent from 352 metres
- This round of work confirmed a high-grade molybdenum zone at depth, extending 700 metres down plunge
- Moving forward, phase two drilling will target extensions of the known copper mineralisation
- Culpeo Minerals last traded at 12 cents at 12:15 pm AEDT
Culpeo Minerals (CPO) has confirmed “significant” copper and molybdenum drill results from its Lana Corina project in Chile.
Highlights from the company’s recent bout of drilling included 72 metres at 0.91 per cent copper equivalent from 352 metres.
A high-grade molybdenum zone was also confirmed at depth, extending 700 metres down plunge and returning 35 metres at 1,704 parts per million (ppm) molybdenum, as well as four metres at 8,845 ppm molybdenum.
Lana Corina’s mineralised corridor now extends for more than three kilometres, with mapping and surveys confirming continuity of mineralisation to the north-east.
Culpeo Minerals Managing Director Max Tuesley said the drill results continue to showcase the “scale and high-grade nature” of the mineralisation at the project.
“We are pleased that the continuity of mineralisation has improved and that the mineralised zone extended a further 100 metres to the south and to a depth of greater than 700 metres,” he said.
“With the system remaining open in all directions and at depth, this opens-up Lana Corina’s potential to host a multi-million tonne deposit and we believe there is significant potential for further, near surface, high-grade copper-molybdenum discoveries within the project area.”
Phase two drilling will now target extensions of known copper mineralisation.
Culpeo Minerals last traded at 12 cents at 12:15 pm AEDT.
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