Culpeo Minerals Identifies Molybdenum Target at Lana Corina Copper Project

Recent high-resolution ground magnetic surveys at Culpeo Minerals (ASX: CPO)'s Lana Corina Copper Project in Chile have identified approximately 13 new and untested geophysical targets. These targets are similar to known copper occurrences at the project, with recent drilling intersecting 257m at 0.95% copper and 81 parts per million molybdenum.

Max Tuesley, managing director of Culpeo Minerals, said the results of the company's first ground geophysical project at Lana Corina are "very encouraging”.

The survey, completed by Quantec Geoscience in April, was designed to delineate areas of magnetite alteration on the periphery of known mineralization at the Lana Corina Copper Project to identify additional breccia pipe targets for drill testing. Magnetite alteration is thought to be associated with the peripheral areas of known porphyry-type copper mineralization at the project.

The survey identified 13 high-priority low magnetic response targets located within the main high magnetic response zone, indicating that potential magnetic disruption is commonly associated with porphyry intrusive processes and the formation of breccia pipes and associated copper mineralization.

These targets are considered to have strong geophysical similarities to the Lana-Corina-Laura property, where recent drilling intersected 257 meters, as well as intercepts of 0.74% copper over 104 meters and 73 ppm molybdenum over 155 meters.

"These identified targets are located within well-defined structural trends and have associated high surface geochemical signatures, making them compelling drilling prospects." Mr. Tuesley said, "We are using a surface magnetic and geochemical datasets and 3D modeling to prioritize drilling targets and will proceed to the next step once the current 9-hole program is completed."

Earlier this month, Culpeo Minerals reported the widest mineralized zone it has intersected to date in the second hole of its 9-hole program. 257 meters of intercepts grading 0.95% copper and 81ppm molybdenum (from 170 meters to 427 meters) is the widest zone the company has encountered, complementing the previously mentioned 104 meters of assays at 0.74% copper and 73ppm molybdenum. These two results validate the geological model with considerable size and grade at Lana Corina Copper Project and highlight its exploration potential.

Culpeo Minerals is a copper exploration and development company whose interests are focused on Chile, the world’s number one copper producer. The company is concentrating on exploring potential high-grade copper systems in the coastal Cordillera region of Chile.

Lana Corina is a high-grade copper project, hosting multiple outcropping copper-bearing breccia pipes associated with a well-mineralized porphyry intrusive. A drilling program has commenced immediately targeting near-surface copper mineralization and extensions to the south.

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