Culpeo Minerals

Compelling IP Chargeability Target Defined at Fortuna

Culpeo Minerals Limited (“Culpeo” or the “Company”) (ASX:CPO, OTCQB:CPORF) is pleased to announce, that a possible new third zone of copper sulphide mineralisation has been identified within the El Quillay copper trend at its Fortuna Project in Chile (Figure 1). Considerable exploration potential exists within the 3km long trend which hosts high-grade copper mineralisation in a series of parallel structures.


HIGHLIGHTS

     
  • Significant new El Quillay West targets generated through remodelled geophysical data at the Fortuna Project enhancing recent exploration success.
  • New target has potential for additional zone of mineralisation 500m to the southwest of the already defined El Quillay Fault Zone (see Figure 1).
  • An Induced Polarisation (IP) chargeability anomaly, indicative of copper sulphide mineralisation, has a large footprint of 500m x 300m.
  • The new El Quillay West target has had no prior exploration.
  • The El Quillay Fault Zone extends for >3km where previous drilling returned an intersection of 26m @ 0.81% CuEq1.
  • Upcoming drilling to test lateral and depth extensions of mineralisation within multiple structures proximate to the El Quillay Fault Zone.
  • Culpeo’s exploration program continues with new breccia targets at Lana Corina and Vista Montana to be drilled in the coming weeks.

Culpeo Minerals’ Managing Director, Max Tuesley, commented:

“The identification of the new El Quillay West target confirms our belief that a much larger mineralised system exists at El Quillay than previously recognised. Geophysical data remodelling has identified a large chargeability anomaly suggesting the presence of a third zone of parallel mineralisation to the south-west of the El Quillay North Prospect. We look forward to drill testing these targets during 2024.”

Figure 1: Plan view of El Quillay copper trend, showing multiple zones of potential parallel mineralisation

RESULTS

During January 2024, Resource Potentials Pty Ltd (ResPot) was commissioned to review, reprocess, model, image and interpret historic Pole-Dipole Induced Polarisiation (PDIP) survey data. ResPot identified four PDIP chargeability anomaly targets from the raw PDIP data, which have potential for copper sulphide mineralisation.

The four PDIP chargeability anomalies are located within the north-western part of the PDIP survey area, including one chargeability anomaly high coincident with known copper sulphide within the El Quillay North Prospect area (Figure 2). Three of the PDIP target areas are untested by existing drilling, including a high-priority target with follow-up ground based exploration planned.


Click here for the full ASX Release

This article includes content from Culpeo Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

CPO:AU
The Conversation (0)
Pile of raw copper nuggets on a dark background.

Barrick Backs Hercules in Leviathan-Linked Copper Expansion

Hercules Mining (TSXV:BIG,OTC:BADEF) has entered into a transformative agreement with Barrick Mining (TSX:ABX,NYSE:B) to acquire a vast package of unpatented copper claims surrounding its Leviathan discovery in western Idaho.

Hercules will have the option to acquire a 100 percent interest in more than 74,000 acres of claims, collectively known as the Olympus belt, that flank both sides of the company’s existing Hercules property.

Keep reading...Show less
Rows of fine copper bars with text that reads '5 Top Canadian Mining Stocks This Week.'

Top 5 Canadian Mining Stocks This Week: St. Augustine Gains 67 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its monthly mineral production report for May 2025 on Monday (July 21). The data shows that the production of both copper and silver increased from April. Copper output rose to 36.3 million kilograms from 35.85 million in April, and silver increased to 26,502 kilograms from 25,412. Meanwhile, gold production decreased marginally to 16,518 kilograms from 16,640 the previous month.

However, shipments were up across the board. Copper shipments rose to 34.34 million kilograms compared to 30.01 million kilograms in April. Silver increased to 26,376 kilograms, up considerably from 22,106 kilograms a month earlier. Gold shipments saw a slighter gain, rising to 14,858 kilograms from 14,660 kilograms in April.

Keep reading...Show less
Silhouetted miners work in a dimly lit tunnel; "Weekly Editor's Picks" text overlay.

Editor's Picks: Miners Rescued, US Mine Waste Strategy, Ontario Expands CIMF

Here's a quick recap of some of the most impactful resource sector news items for the week.

The period saw three miners rescued after 60 hours underground at the Red Chris mine in BC, the US announce a mine waste recovery strategy and the Ontario government add C$7 million to boost critical minerals innovation.

Keep reading...Show less
Traffic light with green signal against a blue sky.

Teck Greenlights Highland Valley Expansion After Beating Q2 Profit Estimates

Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) has secured board approval for a multi-billion-dollar life extension of its Highland Valley copper mine in British Columbia, setting the stage for a two-decade boost in copper output.

The Vancouver-based miner said Thursday (July 24) that construction on the Highland Valley Copper Mine Life Extension Project (HVC MLE) will begin in August, following receipt of environmental and permitting approvals in June.

Keep reading...Show less
Blackstone Minerals

Blackstone Minerals


Keep reading...Show less
Rising copper bars against a financial graph background.

Copper Price Update: Q2 2025 in Review

The copper price was volatile during Q2, but remained elevated compared to where it began the year.

Several factors were at play for copper during the second quarter, most notably the ongoing threat of tariffs. This caused significant fallout in global financial sectors, with economists raising the specter of a widespread recession.

Uncertainty, fear and speculation were primary price drivers as metal traders, market movers and investors tried to determine the best investment strategy against the backdrop of a chaotic economic landscape.

Keep reading...Show less

Latest Press Releases

Related News

×