CPO intersects high-grade copper at Lana Corina Project, Chile

Project Name: Lana Corina Project
Project Location: Chile
Project Stage: Advanced Exploration

ProjectBank Summary:
Culpeo Minerals Limited (ASX: CPO) reports an exceptional intersection of 298m @ 0.98% CuEq at the Lana Corina Project in Chile. The drillhole CMLCD014 achieved the longest intersection of high-grade copper mineralisation to date. The ongoing drill program aims to expand the western and down-dip extensions of the previously reported high-grade copper and molybdenum mineralisation. The results support the potential to significantly increase the project's scale.

Culpeo Minerals Highlights:

• Longest intersection of high-grade copper mineralisation at Lana Corina.

• Diamond drillhole CMLCD014 returned 298m @ 0.98% CuEq from 90m, remaining open at depth.

• Included two wide, higher-grade zones:

  • 78m @ 1.24% CuEq from 200m.

  • 68m @ 1.14% CuEq from 320m.

• Drilling continues with hole CMLCD014 currently at 700m.

• Assays remain outstanding for 242m of hole CMLCD014, with results expected in 2-3 weeks.

MD/CEO Statement:
Max Tuesley, Managing Director, commented: "This intersection is exceptional in terms of both length and grade, clearly demonstrating that the Lana Corina geological system is something very special. Results returned to date confirm the longest ever mineralised intersection at the Project. Importantly, these results represent just the upper 388m of the hole. Drilling is ongoing with the hole currently at a downhole depth of 700m. The extensive and rich mineralisation intersected so far, supports our strategy that additional drilling will lead to substantial increases in the Project’s scale. This is an exciting time for both our Company and our Shareholders, with what is emerging as a significant copper system in the Coastal Cordillera of Chile."