Culpeo (ASX:CPO) hit mother lode at Lana Corina

Culpeo Minerals has intersected 170 metres of visible copper sulphide at its T10 prospect, part of its high-grade Lana Corina Project in Chile.

Diamond drilling encountered the massive mineralised section in the second hole extending over 1000 metres (400m thick) of open and up-dip northeast-southwest orientated structural zone by 100m.

Lana Corina Project with the location of drill hole

The Company said the new mineralisation is evidence of a major copper system at Lana Corina with a significant copper-molybdenum endowment upside.

“This is a game changing discovery at the Lana Corina Copper Project,” Managing Director Max Tuesley said.

“Drilling has intersected significant visible copper sulphide mineralisation over a downhole length of 170m, extending the footprint of the Lana Corina mineralisation approximately 100m to the south to 200m by 400m.

“The intersection is coincident with the recently defined T10 geophysical anomaly, validating the
Company’s targeting methodology with multiple additional high priority anomalies yet to be drill
tested.
“Culpeo’s work at Lana Corina which includes geochemical sampling, mapping, geophysics and drilling
has confirmed the Company’s exploration model at the Project.

“The importance of this discovery cannot be overstated, as it has extremely encouraging implications for the copper and molybdenum endowment within the Project area.”

Price Action

The Company’s ASX-listed shares are 10.5c at Market Open.

Next Steps

Numerous high-priority geophysical targets remain untested.

About Culpeo Minerals

Culpeo Minerals is a copper exploration and development company with assets in Chile, the world’s number one copper producer. The Company is exploring and developing high-grade copper systems in the coastal Cordillera region of Chile. The Company has recently acquired the Lana Corina Project in the Coquimbo region of Chile, where near-surface breccia hosted high-grade copper mineralisation offers to walk up drilling targets and early resource definition potential. The Company has two additional assets, the Las Petacas Project, located in the Atacama Fault System near the world-class Candelaria Mine. Historical exploration has identified significant surface mineralisation with numerous outcrops of high-grade copper mineralisation, providing multiple compelling exploration targets. The Quelon Project located 240km north of Santiago and 20km north of the regional centre of Illapel, in the Province of Illapel, Region of Coquimbo. Historical artisanal mining has taken place within the Quelon Project area, but modern exploration in the project area is limited to rock chip sampling and geophysical surveys.