Red Cloud Securities initiates coverage for Culpeo Minerals with a Buy rating

Red Cloud Securities has initiated coverage for Australian exploration and development company Culpeo Minerals (ASX:CPO, OTCQB:CPORF) with a BUY rating.

Culpeo Minerals has a portfolio of copper assets on the Chilean Coastal Cordillera Belt. Lana Corina, the company's flagship project, was highlighted by Red Cloud Securities due to its high grade breccia hosted near surface copper mineralization above a larger copper system. According to the report, the Lana Corina project presents huge exploration upside since geophysical and geochemical surveys have resulted in targets that suggest discovery potential, including high grade molybdenum at depth. These, after citing that Chile is a top mining jurisdiction especially for copper and contributes nearly 30 percent of the world’s copper production.

As quoted in the article, "As a pure-play copper explorer we believe the company stands to benefit from the global trend towards electrification, which will require increased copper production to meet the demands of the worldwide green economy."

Culpeo Minerals has two other projects along the Coastal Cordillera belt, the Las Petacas project located near the world-class Candelaria Mine, and the Quelon project 240km north of Santiago. Initial scout drilling at the Quelon project has intersected copper, gold and molybdenum mineralisation which, according to Culpeo Minerals Managing Director Max Tuesley said, is "indicative of a fertile copper system.” To learn more about Culpeo Minerals, click here.

Click here for the full article from Red Cloud Securities.

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