Culpeo Minerals Limited (ASX:CPO) has intersected visible sulphide copper mineralisation from 50m to 250m in its first drill hole at its Lana Corina Project in Chile.
Culpeo recently entered into an agreement to acquire up to 80% of the Lana Corina Project and this initial drill programme seeks to confirm the presence of copper mineralisation in near-surface breccia pipes which are part of a vertically extensive copper porphyry system.
“We are excited about the intersection of significant amounts of copper sulphides in this first hole,” Managing Director, Max Tuesley, said.
“This provides further confidence in the prospectivity of Lana Corina and its potential to host a significant copper deposit. We look forward to reporting assay results from the drilling program in due course and view Lana Corina as a key component of our high-quality copper portfolio in Chile.”
Lana Corina Drilling Programme
Lana Corina is located in the coastal belt, Coquimbo region of Chile, approximately 350km north of Santiago. The village of Soruco is located 2km north of the site and the town of Combarbala is 18km to the south.
Lana Corina is associated within a northeast-southwest orientated structural zone with >1,000m of strike and up to 400m wide. High grade copper mineralisation at Lana Corina is associated with three known copper bearing breccia pipes occurring in the upper levels of a large copper bearing porphyry system.
The high-grade breccia pipes identified to date outcrop at surface and extend to a vertical depth of over 200m at which point porphyry hosted, stockwork and sheeted vein style mineralisation extends deeper.
Immediately after securing rights for up to 80% of the Project, Culpeo began a maiden drilling program at Lana Corina on 23 March 2022 to test high-grade copper mineralisation which outcrops at surface.
The initial 4,000m diamond drilling programme comprises eight holes targeting breccia and porphyry hosted high-grade copper mineralised zones. The first hole of the programme has intersected significant visual copper sulphide mineralization hosted in sheeted veins and breccia pipes from approximately 50m down hole to the current depth of 200m, with chalcopyrite becoming more dominant as drilling progresses.
CMLCD001 has a planned final depth of 400 to 500m, depending on the results of geological logging.
For further information please visit: https://www.culpeominerals.com.au/
