CPO Identifies Substantial Copper-Gold Porphyry System at La Florida Prospect, Chile

Project Name: La Florida Prospect

Project Location: Chile

Project Stage: Exploration

ProjectBank Summary: Culpeo Minerals Limited (ASX: CPO) has announced the identification of a significant copper-gold porphyry system at the La Florida Prospect within the Fortuna Project in Chile. Initial rock-chip sampling has returned promising results, with grades reaching up to 3.96% Cu and 2.61g/t Au. The identified mineralisation spans a substantial area of 1.7km by 0.5km, demonstrating strong potential for future exploration and development.

Culpeo Minerals Highlights:

• Large copper-gold porphyry system delineated at La Florida:

  • Surface sampling returned grades up to 3.96% Cu and 2.61g/t Au.

  • The mineralisation is analogous to Culpeo’s Lana Corina Prospect, which has shown significant copper equivalent grades.

• Ongoing exploration and drilling activities:

  • Drilling programs are currently underway at the Vaca Muerta Prospect.

  • Assay results from the El Quillay Prospect drill program are expected in January 2024.

  • Follow-up infill sampling planned at La Florida Prospect to further define the high-grade copper-gold porphyry target.

MD/CEO Statement: Max Tuesley, Managing Director of Culpeo Minerals, commented: "These results demonstrate the potential for substantial copper and gold mineralisation at the La Florida Prospect and further enhance the prospectivity of the recently acquired Fortuna Project. With drilling underway of near-surface targets at the Vaca Muerta and El Quillay Prospects, we continue to demonstrate the scale and abundance of targets within this regionally extensive copper system. This is a very exciting development for Culpeo, and we look forward to reporting results from our regional exploration and drilling programs at Fortuna during 2024."