| Announcement Date: | 2022-08-17 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Culpeo Minerals Ltd. |
| Project name: | Lana Corina |
| Location: | Chile |
| Commodities: | Copper,Molybdenum |
| Highlight: | Drilling results incl. 113m @ 0.6% Cu, 122ppm Mo from 331m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Culpeo Minerals Limited (Culpeo or the Company) (ASX:CPO) is pleased to announce further significant highgrade copper intersections from drilling at its Lana Corina Project in Chile (the Project) and confirmation of nearsurface targets for the Phase 2 program. Hole CMLCD009 has returned multiple copper and molybdenum downhole intersections including 19m @ 0.75% Cu and 110ppm Mo (331m to 350m) and 11m @ 0.83% Cu and 197ppm Mo (405m to 416.1m), all within 113m @ 0.60% Cu and 122ppm Mo from 331m which it consistent with the exploration model and supports the Company’s belief the Lana Corina mineralised system has substantial size and grade. Significantly, 3D inversion modelling of the recently acquired ground magnetic data shows a large magnetic low below the outcropping breccia hosted mineralisation, correlating closely with significant widths of copper/ molybdenum mineralisation encountered in deeper drilling. A significant portion of this large anomaly remains untested, and mineralisation is open to the west, south and at depth. Hole CMLCD008 was drilled to the north of the main mineralised zone and intersected high-grade near surface mineralisation (3m @ 1.15% Cu and 10ppm Mo from 104m) |
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