CPO's Maiden Drilling at El Quillay Yields Significant Copper Intersections

Project Name: El Quillay Prospect

Project Location: Chile

Project Stage: Exploration

ProjectBank Summary: Culpeo Minerals Limited (ASX: CPO) has announced significant results from its maiden drilling program at the El Quillay Prospect, part of the Fortuna Project in Chile. The first drill hole, CMEQD002, has returned substantial shallow copper mineralisation, including 5.8m @ 0.78% CuEq from 15.2m and 26m @ 0.81% CuEq from 29m, with a high-grade section of 4m @ 1.87% CuEq from 51m. The results highlight the potential for a large copper system along the 3km El Quillay host structure. Further drill results from CMEQD001 are expected in the coming weeks.

Culpeo Minerals Highlights:

• First drill hole from maiden drilling program:

  • CMEQD002: 5.8m @ 0.78% CuEq from 15.2m

  • CMEQD002: 26m @ 0.81% CuEq from 29m, including 4m @ 1.87% CuEq from 51m

• Upcoming assay results:

  • Results from CMEQD001, the second hole, are anticipated soon.

• Ongoing drilling at Vaca Muerta Prospect:

  • Visible bornite mineralisation intersected in CMVMD002 between 50 and 90m.

MD/CEO Statement: Max Tuesley, Managing Director of Culpeo Minerals, commented: "We are pleased to report that assays returned from the first hole drilled at El Quillay have returned thick near-surface copper mineralisation. This is an outstanding result for the first hole drilled into this exciting target and paves the way for rapid delineation of a substantial copper system over the coming months."