Culpeo Minerals Limited (ASX:CPO) has encountered further significant high-grade copper intersections from drilling at its Lana Corina Project in Chile.
Highlights
Assays have been received from the 7th drillhole, extending the mineralisation 100m deeper
CMLCD007 intersects multiple zones of high-grade copper mineralisation including: o 91.3m @ 0.63% Cu and 79ppm Mo (458.4 to 549.7m) including: 34.7m @ 0.91% Cu and 71ppm Mo (515 to 549.7m) o 92.9m @ 0.39% Cu and 183ppm Mo (276.1 to 369m)
The high-grade intercepts in CMLCD007 are associated with strong potassic alteration providing vectors towards a deeper target zone to the southwest
“Lana Corina continues to show continuity and strong copper and molybdenum grades at surface and at depth, expanding the resource potential of the project,” Managing Director, Max Tuesley, said.
“These latest results strongly suggest a fertile magma is driving the mineral system at Lana Corina and its surrounds. Combined with our regional target generation work, the company is confident that Lana Corina is a significant discovery, with confirmed depth and high-grade intercepts adding to the already defined near surface breccia hosted mineralisation.”
CMLCD007 has returned multiple copper and molybdenum intersections downhole extending mineralisation an additional 100m below previous drilling. These results support the company’s exploration model that the Lana Corina mineralised system has substantial size and grade.
Mr Tuesley said it is extremely encouraging that individual assays have retuned high grades of >2% Cu and >400ppm Mo from deeper in the hole, (1m @ 2.02% Cu and 480ppm Mo from 544m, within a broader intersection of 34.7m @ 0.91% Cu and 71ppm Mo from 515m), which is associated with strong potassic alteration.
This intersection has extended the mineralised footprint for 100m to the southwest of the known outcropping breccia pipe mineralisation. This extension, coupled with the previously announced high-grade molybdenum mineralisation encountered in CMLCD003 provides additional vectors to explore the deeper potential of the Lana Corina hydrothermal / magmatic ore system.
For further information please visit: https://www.culpeominerals.com.au/
