High-Grade Copper Assay Results in Rock Chip Samples from Vista Montana

Culpeo Minerals Limited (“Culpeo” or the “Company”) (ASX:CPO, OTCQB:CPORF) is pleased to announce strong copper assay results from its Vista Montana Prospect where sampling programs have confirmed the presence of a large, at surface, copper bearing system (Figure 1). The Vista Montana Prospect forms part of the Lana Corina Project1 in Chile.

HIGHLIGHTS

• Reconnaissance rock-chip samples collected at the Vista Montana Prospect return high-grade results, of up to 2.62% Cu (Figure 1).
• Sample results define an area of anomalous copper 1km-long by 400m wide.
• Results to be followed up with geological mapping and further systematic sampling.
• Drilling continues at Lana Corina within the >3km prospective corridor which hosts the Vista Montana and Lana Corina prospects (Figure 2).

Culpeo Minerals’ Managing Director, Max Tuesley, commented:

“Our exploration strategy at Vista Montana focuses on areas where major structures intersect the interpreted prospective intrusive centres and where outcropping copper mineralisation has been mapped.

Achieving such high-grade copper results from first-pass surface sampling over a 1km-long by 400m area is an extremely promising outcome. We will continue to refine our exploration model with the addition of further sampling and mapping to develop targets for the first phase of drilling at the Vista Montana Project.”

Figure 1: Plan view of Vista Montana highlighting grades up to 2.62% Cu from surface sampling results.

SAMPLING RESULTS

The Vista Montana surface sampling programme included 54 samples, which identified outcropping copper-mineralisation in close proximity to interpreted major geological structures, coinciding with the recognition of possible porphyry intrusive centres (Figure 1). Results confirm a 1km-long by 400m-wide, copper bearing sheeted vein swarm, with grades of up to 2.62% Cu returned from multiple copper-quartz veins.

The orientation of the sheeted veins is conformable to the overall northeast direction of the Lana Corina – Vista Montana mineralised corridor (>3km) and indicates a strong link between the two prospect areas. The mineralised host rocks consist of porphyry intrusives, similar to those observed at Lana Corina, within highly altered volcanic lithologies. A full table of results is attached in Appendix B.

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