Testing Known Copper Zones In Chile
Newly-listed Culpeo Minerals Limited (ASX:CPO) has commenced an initial diamond drilling programme at its flagship Las Petacas Copper Project in the Atacama Desert, Chile.
The drilling programme is designed to test zones of known high-grade copper mineralisation, as well as test recently defined, high priority geophysical targets.
Highlights:
▪ Diamond core drilling has commenced at the Las Petacas Project, Chile, where significant copper mineralisation has been identified over a strike length of 6km.
▪ Maiden 3,200 m drill program targeting near surface copper mineralisation.
▪ Multiple high priority geophysics targets, coincident with surface copper mineralisation to be drilled.
▪ The drilling program aims to extend zones of known copper mineralisation including:
o 6 m at 1.26% copper from 20 m in hole RCP-16
o 6 m at 2.34% copper from 140 m in hole RDH-17
o 26 m at 1.24% copper and 0.17 g/t gold from 178 m in hole DDH-19
o 66 m at 0.31% copper and 0.52 g/t gold from 58 m in hole DDH-16
Managing Director, Max Tuesley, confirmed that new zones of visible surface copper mineralisation were identified during drill pad construction.
“We are delighted with the extremely strong response from new and existing investors in supporting our recent IPO,” Mr Tuesley said.
“With the ASX listing now complete, we have mobilised our highly experienced exploration team to site and look forward to reporting the results of this drill program which will test several targets over the 6km-long mineralised trend at our Las Petacas Project.
“Our team on site is already finding new zones of visible surface copper mineralisation during drill pad construction which is really exciting.” New Outcropping Copper Mineralisation Discovered Drill pad construction has been completed for the proposed first hole (CMPDD005) and drilling commenced on 17 September 2021.
“Visible copper mineralisation has been identified while undertaking the earthworks required to build the drill pads.
“The company notes that the identified zones of visual surface copper mineralisation are yet to be drilled and assayed and analysed, which will take place as part of the current drilling programme.”
New Outcropping Copper Mineralisation Discovered
Visible copper mineralisation has been identified while undertaking the earthworks required to build the drill pads.
The company notes that the identified zones of visual surface copper mineralisation are yet to be drilled and assayed and analysed, which will take place as part of the current drilling programme.
Las Petacas Project
The Las Petacas Project is located in Chile, approximately 640km north of the capital, Santiago and 35km south of the regional capital of Copiapó in the Atacama Region (Region III).
The low-altitude Atacama Region is known to host significant mineral potential. One of the region’s main copper deposits is Lundin Mining Corporation’s world-class Candelaria mine, located 20km northeast of the Las Petacas Project.
Copper mineralisation at the Las Petacas Project is interpreted to be associated with the same regional structure as Candelaria. The Las Petacas Project is considered prospective for mineralisation generally referred to as iron-oxide copper-gold (IOCG).
For further information please visit: https://www.culpeominerals.com.au/
