Recently listed Culpeo Minerals Limited (ASX:CPO) has identified multiple new drill targets following the completion of a high resolution geophysical survey at the company’s Las Petacas Copper Project in northern Chile.
“We are delighted to report that the results of the recently completed GAIP geophysics survey have identified multiple additional large areas of high chargeability, further highlighting the exploration potential of the Las Petacas Project,” Managing Director, Max Tuesley, said.
“The current drilling programme will be expanded to include these new areas, with further details of the additional planned holes to be provided in due course.”
Las Petacas Geophysical Survey
The Company engaged Quantec Geoscience to expand the coverage of GAIP and PDIP geophysical surveys at Las Petacas.
The recent survey has identified multiple additional anomalous areas reflecting high chargeability. This potentially indicates the presence of copper sulphide mineralisation and the areas are considered to be high priority targets for further geophysical surveys and drilling.
Geophysical surveys at the Diego Prospect identified areas of similar anomalism which are the current focus of the maiden diamond drilling programme underway at Las Petacas.
Significantly, the new geophysical data supports the interpretation of north-west faults that transect the project area and appear to be intimately associated with the newly defined chargeability anomalies.
Similar fault architecture and structural controls on mineralisation are present at the nearby, world-class Candelaria Mine and are known to be an important part of the localisation of economic ore zones in iron-oxide-copper-gold (IOCG) deposits.
The GAIP survey grid comprised 17 east-west oriented lines at 100m line spacing and 50m station spacing, with a total coverage of 28.5km.
The GAIP anomalies identified likely relate to sources within 200m from surface. A program of five new PDIP survey lines is now underway, with approximately nine line-km of coverage planned. These survey lines cover the higher amplitude GAIP chargeability and conductivity anomalies.
Two of these planned survey lines add to the existing Dipole-Dipole (DDIP) coverage over the Diego Prospect that is currently being drill tested.
The DDIP/PDIP coverage over this prospect will allow for the construction of 3D models of IP chargeability and resistivity/conductivity anomalism, which will be integrated with drilling data to improve geological knowledge and potentially identify new drill targets.
Induced polarisation geophysical techniques are useful for detecting sulphide minerals, including copper sulphides, and it is anticipated the survey will generate high quality geophysical mapping up to 450m below the surface.
For further information please visit: https://www.culpeominerals.com.au/
