Culpeo Minerals

Drill Results Extend Mineralisation at Lana Corina to 454m @ 0.93% CuEq

Culpeo Minerals Limited (Culpeo or the Company) (ASX:CPO, OTCQB:CPORF) is pleased to announce that additional results returned from drillhole CMLCD014 have increased the intersection of near-surface, high-grade copper mineralisation to 454m @ 0.93% CuEq. This significant intersection includes several wide zones of high-grade molybdenum mineralisation. Drilling in CMLCD014 continues, targeting the potential for further porphyry- hosted copper mineralisation at depth at Culpeo’s Lana Corina Project (Lana Corina)1, Chile.


HIGHLIGHTS

  • Additional assay results returned from drillhole CMLCD014 increase the copper intersection to 454m @ 0.93% CuEq from 90m (Figure 1, 3, 4, and Appendix B and C).
  • This intersection now includes the following high-grade zones:
    • 78m @ 1.24% CuEq from 200m2 (previously announced); and
    • 68m @ 1.14% CuEq from 320m2 (previously announced); and
    • 40m @ 1.20% CuEq from 394m.

Figure 1: Example of high-grade copper mineralisation in hole CMLCD014, 1.74% CuEq (416m to 418m).

Table 1: CMLCD014 Significant Copper Sampling Results“The reported composite intersections for the drilling are generally calculated over intervals >0.2% CuEq and where zones of internal dilution are not weaker than 2m < 0.1% CuEq, no top cut has been applied. Bulked thicker intercepts may have more internal dilution between high-grade zones. Isolated mineralised intersections less than 2m in downhole length have not been reported”.

  • Additionally, three zones of associated high-grade molybdenum mineralisation have been delineated within drill hole CMLCD014 (Figure 2, 3, 4 and Appendix C):

Table 2: CMLCD014 Significant Molybdenum Sampling Results“The reported composite intersections for the drilling are generally calculated over intervals >100ppm Mo and where zones of internal dilution are not weaker than 2m <50ppm Mo, no top cut has been applied. Bulked thicker intercepts may have more internal dilution between high-grade zones. Isolated mineralised intersections less than 2m in downhole length have not been reported”.

Figure 2: Example of high-grade molybdenum mineralisation in hole CMLCD014, 4,350ppm Mo (1.70% CuEq) (498m to 500m).

  • The mineralised zone has expanded the known surface-projected footprint to 600m x 400m and to a depth of 800m and remains open in all directions.
  • Drilling at Lana Corina continues, with hole CMLCD014 currently at a depth of 870m. Assays are outstanding for 96m, with further results expected within four weeks.

Culpeo Minerals’ Managing Director, Max Tuesley, commented:

“These latest drill results, along with the 13 previous holes, confirms the presence of a high- grade breccia and porphyry hosted mineralised system of significant scale at Lana Corina.

The Culpeo team is very excited by the results so far, demonstrating the existence of a large Cu-Mo porphyry system, which remains open in all directions.

With further assay results expected at Lana Corina, more drilling planned at Vista Montana and Fortuna to commence in the coming months, we look forward to rapidly defining additional high grade copper mineralisation across our highly prospective projects.”


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)
A person's hand holds a piece of copper metal ore above a blurry copper-colored background.

What's the Next US Copper Mine? 26 Copper Projects to Watch

Companies with upcoming copper mines in the US could be poised to benefit from tailwinds in the sector, including the new administration promising to cut "red tape" for critical minerals projects.

Copper demand is climbing quickly in recent years because of the rapid urbanization of the global south as well as the developing energy transition sectors. However, current copper mines are increasing in age and there is a lack of new copper mines to replace them, both due to limited greenfield exploration and long permitting times.

This has put the world's copper supply in a difficult situation, and experts expect to see deficits begin to emerge in 2025.

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: Euro Sun Gains 54 Percent as Copper Hits New High

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.

The US Bureau of Economic Analysis released February personal consumption expenditures (PCE) index data on Friday (March 28). The figures show inflation increased 2.5 percent on an annualized basis in February, aligning with analyst expectations and reflecting no change from the 2.5 percent recorded in January. On a monthly basis, inflation rose by 0.3 percent, also matching January’s increase.

However, core PCE, which excludes the volatile food and energy prices, increased 2.8 percent year-over-year and 0.4 percent month-over-month. Both came in above analyst expectations of 2.7 and 0.3 percent, respectively.

Keep reading...Show less
Copper nuggets and rising chart.

Copper Prices Surpass US$10,000 as US Tariff Fears Shake Global Markets

Copper prices surged past US$10,000 per metric ton on Thursday (March 20), hitting a five month high as traders scrambled to secure supply ahead of potential US tariffs on the base metal.

London Metal Exchange (LME) copper futures climbed sharply in early trading, reflecting a combination of supply constraints, rising demand and uncertainty surrounding trade policy.

US President Donald Trump has ordered a probe into the national security implications of copper imports, raising concerns that a 25 percent tariff could be imposed, similar to levies already placed on aluminum and steel.

Keep reading...Show less
Copper nuggets.

Hillgrove Accelerates Nugent Copper Deposit Development, Raises AU$16 Million

Hillgrove Resources (ASX:HGO,OTC Pink:HLGVF) said on Monday (March 17) that it is accelerating development of the Nugent deposit at its Kanmantoo copper mine after raising AU$16 million.

The company secured AU$13 million through a placement to institutional and sophisticated investors, and raised AU$3 million via a share purchase plan that was open to existing shareholders.

"Following the success of the recent excellent Nugent drilling results, our technical team have identified a path to accelerate the Nugent production profile,” said CEO and Managing Director Bob Fulker in a March 5 release.

Keep reading...Show less
The sea floor.

Kiribati Explores Deep-Sea Mining Deal with China Amid Global Regulatory Talks

Kiribati is reportedly in discussions with China to explore deep-sea mining opportunities, signaling a potential shift in its approach to tapping into its vast offshore mineral resources.

The Pacific island nation holds the exploration rights to a 75,000 square kilometer area in the Pacific Ocean, a region believed to contain valuable deposits of cobalt, nickel, and copper — key materials for the global battery industry.

The talks between Kiribati and Chinese officials come after the collapse of a previous agreement with the Metals Company (TMC) (NASDAQ:TMC), a Canada-based deep-sea mining outfit.

Keep reading...Show less

Latest Press Releases

Related News

×