Culpeo Minerals

Culpeo Commences Drilling at Lana Corina Where Intersections Included 257m @ 1.10% CuEq

Culpeo Minerals Limited (“Culpeo” or the “Company”) (ASX:CPO, OTCQB:CPORF) is pleased to advise extensional drilling has commenced at the Lana Corina Project (the Project), Chile, building on the achievements of the 2023 program.


HIGHLIGHTS

  • Diamond drilling program underway at the Lana Corina Prospect.
  • The program is scheduled for 2,000m of drilling which aims to extend broad zones of high-grade copper and molybdenum mineralisationi along a >3km prospective corridor, including:
    • 257m @ 1.10% CuEq in CMLCD002 from 170mii;
    • 173m @ 1.09% CuEq in CMLCD003 from 313miii; and
    • 169m @ 1.21% CuEq in CMLCD010 from 239miv.
  • High-grade copper and molybdenum mineralisation has been defined at Lana Corina over a surface area of 500m x 400m, to over 700m deep and is open in all directions.

Figure 1: Drill rig operational at the Lana Corina Project April 2024.

Culpeo Minerals’ Managing Director, Max Tuesley, commented:

“Following the success of the 2023 program and the exceptional results we have delivered from Lana Corina, it is exciting to have commenced another significant drilling campaign at the Project in 2024.

The commencement of this extensional exploration program is an important step in realising the Company’s growth strategy, and we look forward to sharing progress updates with our shareholders over the coming months as we continue to drill our Lana Corina and Fortuna Projects.”

PROGRAM OBJECTIVES

The 2024 drill program is focused on expanding the western and down-dip extension of the high-grade copper and molybdenum previously reported at Lana Corina (Figure 2). Additionally, initial testing of the Vista Montana Prospect aims to extend the potential mineralised corridor to over 3km in strike length.

Figure 2: Plan view of drilling results at Lana Corina.

Culpeo’s exploration team has developed a greater understanding of the geological setting and the timing of both the breccia and porphyry hosted mineralisation in recent months. This new understanding provides a strong backdrop to targeting mineralisation extensions.

LANA CORINA PROJECT

The Lana Corina Project is located in the coastal belt of Chile, approximately 350km north of Santiago. The project benefits from substantial existing local infrastructure including sealed road access and a 75MW power station approximately 3km to the east.

The Project is associated within a structural zone oriented in a northeast-southwest direction with >3km of strike and up to 400m wide. High-grade copper mineralisation is associated with four known breccia pipes occurring in the upper levels of a large copper bearing porphyry hosted mineralised system. The high-grade mineralisation identified to date outcrops at surface and extends to a vertical depth of 700m and remains open.


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)
Culpeo Minerals (ASX:CPO, OTCQB:CPORF)

Culpeo Minerals


Keep reading...Show less

Exploring High-grade Outcropping Copper-Gold Projects in Chile

High-Grade Copper-Gold Extensions at Nugent

High-Grade Copper-Gold Extensions at Nugent

Hillgrove Resources Limited (Hillgrove) (ASX:HGO) is pleased to provide the following drilling update from the Kanmantoo Copper Mine. The Nugent drilling program from the 1010 Diamond Drill Site and the 1040 Nugent Drill Site has been completed and delivered excellent results which improve the understanding of the Nugent orebody in preparation for first production. These results have increased the Gold endowment and improved knowledge of the Copper-Gold distribution.

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Director/PDMR Shareholding

Empire Metals Limited / LON:EEE / Sector: Natural Resources - Empire Metals Limited ("Empire" or the "Company")

Director Dealing

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Exercise of Options

Empire Metals Limited (LON:EEE)(OTCQX:EPMLF), the AIM-quoted resource exploration and development company, announces that it has received notification from employees of the Company and its operating subsidiary, in their capacity as option holders, to exercise options over 2,500,000 new ordinary shares of no par value in the share capital of the Company (the 'New Ordinary Shares') at a price of 14 pence per share and 500,000 new ordinary shares of no par value in the share capital of the Company (the 'New Ordinary Shares') at a price of 2.5 pence per share. Accordingly, the Company has today issued the New Ordinary Shares to the option holder for an aggregate cash value of £362,500.

Keep reading...Show less
Copper Quest Announces Multi-National Investor Awareness Campaign

Copper Quest Announces Multi-National Investor Awareness Campaign

Copper Quest Exploration Inc. (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) ("Copper Quest" or the "Company") is pleased to announce the launch of its Investor Awareness Campaign designed to educate retail and institutional investors on Copper Quest and its portfolio of North American critical mineral projects. The Campaign will begin on or around September 15th, 2025 and run until September 1st, 2026 and includes agreements signed with Guerilla Capital, Dig Media Inc. 'dba' Investing News Network, and Departures Capital Inc.

Guerilla Capital

Keep reading...Show less
T2 Metals Secures Option to Acquire Shanghai Gold-Silver Project in Yukon's Tombstone Gold Belt and Appoints Shawn Ryan to Advisory Board

T2 Metals Secures Option to Acquire Shanghai Gold-Silver Project in Yukon's Tombstone Gold Belt and Appoints Shawn Ryan to Advisory Board

T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A2DR6E) ("T2 Metals" or the "Company") is pleased to announce signing of an Option Agreement (the "Option") with renowned explorer Shawn Ryan ("Ryan") and Wildwood Exploration Inc. (together with Ryan, the "Optionor") to earn a 100% interest in the 27.4 sq km Shanghai gold-silver project in the Mayo Mining District, Yukon Territory, Canada. The project lies within the Tombstone Gold Belt, 12 km west of Hecla Mining's Keno Hill silver mine, and midway between the AurMac, Eagle and Raven intrusion-related deposits (see Table 1 for further information on these deposits).

The Shanghai project includes a Class 3 permit enabling drilling, road construction and installation of a camp.

Keep reading...Show less
ACG Metals Announces Commencement of Trading on the OTCQX Best Market

ACG Metals Announces Commencement of Trading on the OTCQX Best Market

ACG is pleased to announce that its ordinary shares have today qualified and will begin trading on the OTCQX Best Market, under the OTCQX ticker code "ACGAF". ACG's shares will also continue to trade on the London Stock Exchange.

The OTCQX Best Market, operated by OTC Markets Group, is the highest tier of the U.S. OTC markets and is designed for established, investor-focused companies that meet high financial and governance standards.

Keep reading...Show less

Latest Press Releases

Related News

×