Culpeo Minerals Limited’s (ASX:CPO) recent drilling has intersected high-grade copper mineralisation of 173m @ 1.05% Cu at its Lana Corina Project Chile, confirming the continuity of mineralisation at depth.
The drilling also intersected a broad zone of high-grade molybdenum mineralisation which highlights the presence of a deeper mineralised source of the base metal system at the Project and provides new targets for exploration.
“This intersection in CMLCD003 confirms that the high-grade copper and molybdenum mineralisation which occurs within the near surface breccia hosted mineralisation at Lana Corina extends to depth,” Managing Director, Max Tuesley, said.
“The intersection of 173 metres of copper mineralisation at a grade of 1.05% Cu is the highest-grade intercept to date from the ongoing drilling programme.
“Additionally, adjacent to this high-grade copper mineralisation we are seeing significantly elevated molybdenum that likely indicates the presence of a deeper mineralised source, associated with the dioritic intrusives that host the breccia system and adds significant exploration potential.”
Diamond drillhole CMLCD003, designed to the test the deeper extension of high-grade mineralisation and continuity of mineralisation below the breccia pipes, has intersected significant copper and molybdenum mineralisation including 173m @ 1.05%Cu and 50ppm Mo from 313m and a deeper zone of 85m @ 1,367ppm Mo and 0.07% Cu from 486m.
The results of the drilling confirm that significant mineralisation continues below the known breccia pipes and mineralisation remains open at depth and along strike in multiple directions.
The deeper high-grade intercept of molybdenum rich mineralisation is particularly important as this style of mineralisation has not previously been intercepted at the Project and highlights the potential for additional mineralisation to be located southwest of the main Lana-Corina-Laura ore zone.
For further information please visit: https://www.culpeominerals.com.au/
