Maiden Chilean Drilling Campaign Underway
Culpeo Minerals Limited (ASX:CPO) has commenced an extensional, high resolution geophysical survey at the company’s Las Petacas Copper Project in northern Chile.
Managing Director, Max Tuesley, said this follows the recent commencement of a maiden drilling program at the Project.
“The commencement of a major GAIP and PDIP survey across the highly prospective Diego East target zone is an exciting step forward as we explore Las Petacas,” Mr Tuesley said.
“Previous surface sampling in the area returned grades of up to 2.49% Cu1 and this new geophysical data will enhance the already strong geological data set that Culpeo has assembled. Ensuring that exploration and drill programs at Las Petacas are well targeted and cost effective.”
The company has engaged Quantec Geoscience to conduct GAIP and PDIP geophysical surveys at Las Petacas. The survey aims to detect an interpreted IOCG target immediately east of the Diego prospect, where previous geophysics surveys have defined a significant target area, which is now the focus of a maiden diamond drilling programme at Las Petacas.
The survey will comprise a GAIP survey grid consisting of 17 lines at 100m line spacing, with a total coverage of 28.5km. Five PDIP lines will also be completed, totalling approximately nine line-km of coverage.
Induced polarisation geophysical techniques are useful for detecting sulphide minerals, including copper sulphides, and it is anticipated the survey will generate high quality geophysical mapping up to 600m below the surface.
The company will utilise the data to identify potential drill targets at Las Petacas, with results of this geophysical program expected during November.
The Las Petacas Project is located in Chile, approximately 640km north of the capital, Santiago and 35km south of the regional capital of Copiapó in the Atacama Region (Region III).
The low-altitude Atacama Region is known to host significant mineral potential. One of the region’s main copper deposits is Lundin Mining Corporation’s world-class Candelaria mine, located 20km northeast of the Las Petacas Project.
Copper mineralisation at the Las Petacas Project is interpreted to be associated with the same regional structure as Candelaria. The Las Petacas Project is considered prospective for mineralisation generally referred to as IOCG.
For further information please visit: https://www.culpeominerals.com.au/