Culpeo Minerals announces identification of new copper sulphide mineralisation

Culpeo Minerals Limited (ASX: $CPO, OTCQB:CPORF) has announced the identification of a possible new third zone of copper sulphide mineralisation within the El Quillay copper trend at its Fortuna Project in Chile. The significant new El Quillay West targets have been generated through remodelled geophysical data, enhancing recent exploration success. The new target has the potential for an additional zone of mineralisation 500m to the southwest of the already defined El Quillay Fault Zone. An Induced Polarisation (IP) chargeability anomaly, indicative of copper sulphide mineralisation, has a large footprint of 500m X 300m. The El Quillay Fault Zone extends for >3km where previous drilling returned an intersection of 26m @ 0.81% CuEq. Upcoming drilling is planned to test lateral and depth extensions of mineralisation within multiple structures proximate to the El Quillay Fault Zone. Culpeo's exploration program continues with new breccia targets at Lana Corina and Vista Montana to be drilled in the coming weeks.

Culpeo Minerals' Managing Director, Max Tuesley, comments on the new El Quillay West target

The identification of the new El Quillay West target confirms our belief that a much larger mineralised system exists at El Quillay than previously recognised. Geophysical data remodelling has identified a large chargeability anomaly suggesting the presence of a third zone of parallel mineralisation to the south-west of the El Quillay North Prospect. We look forward to drill testing these targets during 2024.

Summary of Culpeo Minerals' announcement

Culpeo Minerals has identified a new third zone of copper sulphide mineralisation at its Fortuna Project in Chile, indicating considerable exploration potential within the 3km long trend. The upcoming drilling is aimed at testing lateral and depth extensions of mineralisation within multiple structures proximate to the El Quillay Fault Zone. The company's exploration program continues with new breccia targets at Lana Corina and Vista Montana to be drilled in the coming weeks. Culpeo Minerals aims to create value for its shareholders through exposure to the acquisition, discovery, and development of mineral properties featuring high-grade, near-surface copper mineralisation.