Culpeo Minerals Limited (ASX:CPO) has received excellent assay results from a further two holes of the maiden drilling program at its Las Petacas Copper Project in Chile.
These new holes have intersected near surface high-grade mineralisation to the north of the target area and have extended the drill-defined copper mineralisation to approximately 700m along strike. The remainder of the >6km long mineralised trend is yet to be drill tested.
Highlights:
CMPDD005
• 14.0m @ 0.73% Cu and 0.1g/t Au from 59m; Including 1m @ 1.66% Cu and 0.08g/t Au (64-65m); and 6.0m @ 0.58% Cu and 0.03g/t Au from 120m; Including 1m @ 1.05% Cu and 0.07g/t Au (122-123m).
CMPDD006
• 5.0m @ 1.27% Cu and 0.07g/t Au from 1m; Including 0.7m @ 3.35% Cu and 0.23g/t Au (2.9-3.6m); and 7.5m @ 0.73% Cu and 0.04g/t Au from 11m; Including 1m @ 1.88% Cu and 0.08g/t Au (16-17m).
Managing Director, Max Tuesley, says assays remain outstanding for two holes and drilling continues, while the bulk of the >6km copper mineralised trend remains untested and is highly prospective.
“Results from diamond drilling have again confirmed the potential of the Las Petacas Project. The excellent results from the second and third holes at Peta 1 have highlighted the shallow high-grade nature of the copper-gold mineralisation at the prospect.
“With these new assay results, the Company is confident that it has now uncovered a large copper-gold system within the Las Petacas Project. Drilling is intersecting broad widths and the growth of the mineralised footprint through step-out drilling to the west has provided us additional scope for follow-up drilling along strike.”
Las Petacas Drilling Programme
Assay results from the ongoing drilling program continues to expand the mineralised footprint within the >6km mineralised trend at the Las Petacas Project.
Eight diamond drillholes totalling approximately 2,740m are now complete at Las Petacas, with another two holes planned.
Assay results have been received for a total of four holes, with the results for the first two holes previously reported.
Five holes have been completed on the Peta 1 Prospect and three holes have targeted anomalies at the Diego Prospect.
For further information please visit: https://www.culpeominerals.com.au/
