American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Reconnaissance Drilling Delivers Grades up to 2.19% CuEq at Fortuna Project

by admin May 14, 2024
May 14, 2024
Reconnaissance Drilling Delivers Grades up to 2.19% CuEq at Fortuna Project

Culpeo Minerals Limited (“Culpeo” or the “Company”) (ASX:CPO, OTCQB:CPORF) is pleased to report that reconnaissance drilling has intersected near-surface, high-grade copper mineralisation grading up to 2.19% CuEq at the Vaca Muerta and El Quillay North Prospects within its 80%-owned Fortuna Project (the Project) in Chile.

The prospect areas are part of a suite of promising exploration targets within an under- explored copper belt, which the Company is aggressively exploring.

HIGHLIGHTS

Multiple zones of shallow, high-grade copper mineralisation intersected.Mineralisation hosted within broad zones of favourable host rocks.Highlighted downhole intersections include:13.3m @ 0.59% CuEq from 20m;4m @ 0.65% CuEq from 45m;7m @ 0.67% CuEq from 55m, including 1m of 2.19% CuEq; and2m @ 1.33% CuEq from 95m.Drilling ongoing at Lana Corina Project within >3km prospective corridor.

Culpeo Minerals’ Managing Director, Max Tuesley, commented:

“To drill and intersect multiple zones of shallow copper mineralisation on our first pass reconnaissance drilling program at Vaca Muerta is extremely positive and highlights the significant potential of the target area. This result coupled with the ongoing exploration success at El Quillay indicates that the Fortuna Project continues to provide potential for a major copper discovery with three distinct targets now identified that include: breccia hosted copper mineralisation at El Quillay and Vaca Muerta, porphyry copper and gold at La Florida and high- grade structurally controlled copper and gold at Piedra Dura.”

EL QUILLAY DRILLING PROGRAM

Assay results from the second hole drilled at El Quillay North returned 13.3m @ 0.59% CuEq from 20m downhole (Figure 1 and 2, Table 1 and Appendices C & D), confirming further shallow copper mineralisation within the target. Previous drillhole CMEQD002 returned 26m @ 0.81% CuEq from 29m including a high-grade zone of 4m of 1.87% CuEq from 51 to 55m1.

These drilling results highlight the significant widths of outcropping mineralisation that are hosted within the El Quillay Fault. This structure is known to have at least 3km of strike extent, the majority of which remains undrilled and with the discovery of mineralisation at El Quillay East2 and geophysical targets to the west6, the Company has initiated the next phase of field work. This will include detailed surface mapping and sampling, trenching in areas prior to drilling and ground truthing of targets identified from historic geophysical data.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Red Pine Says Former CEO Manipulated Over 500 Wawa Gold Assays
next post
Falco Announces the Opening of Espace Falco and Invites the Population to the Public Information Meeting Organized by the BAPE on the Falco Horne 5 Project

Related Posts

3 Tesla wannabe companies that may not survive...

December 16, 2024

Monday.com stock: will MNDY shares jump 40% to...

November 10, 2024

Very good news for Applied Digital (APLD) stock;...

September 10, 2024

Netflix stock price analysis: short-term retreat to $1,060...

June 15, 2025

USD/INR outlook: how low can the plunging Indian...

December 30, 2024

Bitcoin Well Announces Instant Buy in the USA...

March 13, 2024

Jindalee Lithium Limited (ASX: JLL) – Reinstatement to...

July 4, 2024

Amazon stock price forecast: a drop to $188...

January 24, 2025

Scoping Study for Nueva Sabana Mine Progressing after...

March 12, 2024

Condor Energy

May 24, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • US tariffs push India away from Russian oil, bolstering Iraq’s position in Asia

      August 10, 2025
    • Under Armour shares tumble 21% as weak demand and $100 million tariff hit darken outlook

      August 10, 2025
    • Trump admin weighs IPO for Fannie Mae and Freddie Mac later this year: report

      August 10, 2025
    • UBS strategist warns market rally may stall in August as US growth slows

      August 10, 2025
    • Decoding US gold bar tariff twist: how customs ruling jolted global bullion markets

      August 10, 2025

    Categories

    • Business (3,615)
    • Investing (2,718)
    • Latest News (2,036)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved