Culpeo Minerals Discovers Additional Surface Copper At Vista Montana

Culpeo Minerals Limited (“Culpeo” or the “Company”) (ASX:CPO, OTCQB:CPORF) is pleased to announce detailed mapping has identified a new 800m x 700m outcropping copper bearing sheeted vein and breccia system at the Vista Montana Prospect, within the Lana Corina Copper and Molybdenum Project (the “Project”) in Chile.

HIGHLIGHTS

• Outcropping chalcopyrite copper mineralisation has been identified at the Vista Montana Prospect from detailed surface mapping,
  
• Outcropping copper mineralisation is coincident with geochemical anomalies defined by the recent geochemical survey (ASX announcement 3 April 2023).
• Extensive stockwork / breccia zone associated with copper bearing sheeted vein system observed (Figure 1).
• Drillhole planning is currently underway, with drill rig to be mobilised in the 3rd Quarter.

Figure 1: Plan view - Vista Montana (Total Magnetic Intensity Overlay, ASX announcement 18 May 2022), showing Cu bearing sheeted vein system (green lines), stockwork and breccia zones identified from mapping.

Figure 2: Defined targets over >3km of strike (background image is the VOXI 3D magnetic inversion model) (Refer ASX announcement 31 August 2022) and showing location of Vista Montana relative to Lana Corina.

Culpeo Minerals’ Managing Director, Max Tuesley, commented:

“This new, outcropping, copper bearing vein and breccia system is associated with a large stock-work alteration zone providing a shallow drill target. This new target area is 800m by 700m and further demonstrates the sheer scale of the copper mineralising system at the Lana Corina Project offering exploration potential for additional near surface, high grade copper mineralisation to occur similar to what we have already drilled at the Lana Corina. Geological mapping is continuing, and the company is planning a maiden drill program at Vista Montana to commence in Q3 2023."

Detailed Mapping Program

Following the previously reported generation of multiple exploration targets at Vista Montana from a recently completed geochemical survey (ASX announcement 3 April 2023) the company instigated an additional detailed mapping program over the area prior to the finalisation of drilling program design.

This mapping program has identified outcropping copper mineralisation associated with an extensive sheeted vein system and a stockwork / breccia zone over an area of 800m x 700m (Figure 3 and 4).

Mapping has identified an extensive network of copper bearing sheeted veins that covers an area of 400m x 300m in dimensions and appears to be related to the possible porphyry intrusive centers identified in the area, from the interpretation of geophysical and geochemical data over the zone (ASX announcement 3 April 2023).

Proximal to the sheeted vein system the mapping also identified a large stockwork alteration zone and associated breccia zone 400m x 400m in size. These breccias are highly silicified and contain significant copper sulfide mineralisation in the form of chalcopyrite.

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