HIGHLIGHTS
Culpeo Minerals’ Managing Director, Max Tuesley, commented:
“This intersection is exceptional in terms of both length and grade, clearly demonstrating that the Lana Corina geological system is something very special. Results returned to date confirm the longest ever mineralised intersection at the Project. Importantly, these results represent just the upper 388m of the hole. Drilling is ongoing with the hole currently at a downhole depth of 700m. The extensive and rich mineralisation intersected so far, supports our strategy that additional drilling will lead to substantial increases in the Project’s scale. This is an exciting time for both our Company and our Shareholders, with what is emerging as a significant copper system in the Coastal Cordillera of Chile.”
LANA CORINA DRILLING PROGRAM
This drill program at Lana Corina7 is focused on expanding the western and down-dip extension of previously reported high-grade copper and molybdenum mineralisation. Hole CMLCD014 is designed to test the current understanding of a revised geological model at Lana Corina and seeks to extend the near surface, high-grade breccia hosted mineralisation to the west and porphyry hosted copper-molybdenum mineralisation at depth.
Results returned from the first 388m of hole CMLCD014 confirms a copper-molybdenum intersection of 298m @ 0.98% CuEq from 90m to 388m. This represents the longest, continuously mineralised intersection in the Project’s history. The consistency of the 298m breccia intersection supports the current geological model and demonstrates the potential to expand the scale of the near surface, high-grade breccia zone. A further 242m of core has been submitted for analysis, with results remaining outstanding.
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