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Culpeo Minerals Limited (ASX:CPO) is pleased to report on its activities for the quarter ended 30 June 2024, and its Mining Exploration Entity or Oil and Gas Exploration Entity Quarterly Cash Flow Report.
Highlights from the Quarterly Activities Report
LANA CORINA PROJECT (50% CULPEO, EARNING 80%15)
• Diamond drilling at Lana Corina returned a long, high-grade intersection from near-surface of
298m of 0.98% CuEq in CMLCD0141, with drilling continuing to test the full extent of mineralisation
at depth.
• Subsequent assays, returned post quarter end from diamond hole CMLCD014 further increased the
mineralised interval to 454m @ 0.93% CuEq from 90m, with the following notable copper
equivalent results2:
• 78m @ 1.24% CuEq from 200m1
• 68m @ 1.14% CuEq from 320m1
• 40m @ 1.20% CuEq from 394m2
• Drilling is ongoing in CMLCD014, reaching a current depth of (870m), with assays outstanding for a
further 96m and results expected in the coming weeks.
• The mineralised zone encountered in CMLCD014 has expanded to a projected surface footprint of
600m x 400m and to a depth of 800m and remains open in all directions2.
• Results from reconnaissance rock-chip sampling at Vista Montana returned high-grade
mineralisation of up to 2.62% Cu, defining an area of anomalous copper 1km-long by 400m wide.3
FORTUNA PROJECT (80% CULPEO7)
• Remodeling of geophysical data identified additional targets at El Quillay West, further
enhancing the significant exploration opportunity within the 4,025-hectare Fortuna Project
area.4,5
• The El Quillay West target demonstrates potential to host additional zones of mineralisation
500m to the southwest of the main El Quillay Fault Zone.
• Reconnaissance drilling at the Vaca Muerta and El Quillay North targets intersected multiple zones
of shallow, high-grade copper mineralisation, with notable intersections that included6:
• 13.3m @ 0.59% CuEq from 20m (El Quillay North)
• 4m @ 0.65% CuEq from 45m (Vaca Muerta)
• 7m @ 0.67% CuEq from 55m, including, 1m @ 2.19% CuEq (Vaca Muerta)
• 2m @ 1.33% CuEq from 95m (Vaca Muerta)
Highlights from the Quarterly Cashflow Report:
For Culpeo Minerals' new investor presentation, click here.
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.
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