{"id":12086,"date":"2024-07-10T03:17:41","date_gmt":"2024-07-10T03:17:41","guid":{"rendered":"https:\/\/economicherald.net\/?p=12086"},"modified":"2024-07-10T03:17:41","modified_gmt":"2024-07-10T03:17:41","slug":"culpeos-lana-corina-grows-with-largest-intercept-extended-to-454m-at-0-93-copper","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=12086","title":{"rendered":"Culpeo\u2019s Lana Corina grows with largest intercept extended to 454m at 0.93% copper"},"content":{"rendered":"

Additional drilling results have extended mineralisation at CPO\u2019s Lana Corina project
\nThe intersection of near-surface, high-grade copper mineralisation in drillhole CMLD014 now sits at 454m at 0.93% copper equivalent
\nDrilling in CMLCD014 continues, targeting the potential for further porphyry-hosted copper mineralisation at depth
\n832 Asset Management L.P. (1832AMLP), manager of the Dynamic\/Scotia Funds is now a major shareholder with 7%<\/p>\n

\u00a0<\/p>\n

Special report<\/em>: Diamond drilling results have increased the intersection of near surface, high-grade copper mineralisation at Culpeo\u2019s Lana Corina project in Chile, extending its largest mineralised intercept to a massive 454m at 0.93% copper equivalent.<\/strong><\/p>\n

Last month, Culpeo Minerals (ASX:CPO)<\/strong><\/a> hit the longest continuously mineralised intersection to that point at its Lana Corina project in Chile, the world\u2019s number one copper producing country.<\/p>\n

Results from the first 388m of hole CMLCD014 confirmed a copper-molybdenum intersection of 298m at 0.98% copper equivalent from 90m, as well as two wide, higher-grade zones of 78m at 1.24% copper equivalent from 200m and 68m at 1.14% copper equivalent from 320m.<\/p>\n

Additional assay results have been returned from drillhole CMLCD014, increasing that copper intersection to 454m at 0.93% copper equivalent from 90m.<\/p>\n

Lana Corina contains high-grade copper associated with four known breccia pipes in the upper levels of a large, 3km-long copper porphyry system.<\/p>\n

CPO reckons the geological setting of the project is analogous to Teck Resources\u2019 Carmen de Andacollo mine 80km away, which has reserves of 250Mt at 0.62% copper and 0.25% gold.<\/p>\n

The primo intersection also includes several wide zones of molybdenum mineralisation as well as the following high-grade copper zones:<\/p>\n

78m at 1.24% copper equivalent from 200m
\n68m at 1.14% copper equivalent from 320m; and
\n40m at 1.20% copper equivalent from 394m<\/p>\n

CPO says the mineralised zone has expanded the known surface-projected footprint to 600m x 400m and to a depth of 800m and remains open in all directions.<\/p>\n

\u00a0<\/p>\n

High-grade copper mineralisation in hole CMLCD014, 1.74% CuEq (416-418m). Pic via CPO<\/p>\n

\u00a0<\/p>\n

\u2018Significant scale\u2019 <\/strong><\/h2>\n

\u201cThese latest drill results, along with the 13 previous holes, confirms the presence of a high-grade breccia and porphyry hosted mineralised system of significant scale at Lana Corina,\u201d CPO managing director Max Tuesley says.<\/p>\n

\u201cThe Culpeo team is very excited by the results so far, demonstrating the existence of a large copper-molybdenum porphyry system, which remains open in all directions.<\/p>\n

\u201cWith further assay results expected at Lana Corina, more drilling planned at Vista Montana and Fortuna to begin in the coming months, we look forward to rapidly defining additional high grade copper mineralisation across our highly prospective projects.\u201d<\/p>\n

\u00a0<\/strong><\/p>\n

Upcoming exploration <\/strong><\/h2>\n

Exploration programs continue at the Lana Corina, Vista Montana and Fortuna Projects, with the following key activities the continuation of drillhole CMLCD014 targeting additional extensions of mineralisation beyond the deeper molybdenum rich zone.<\/p>\n

Other work includes drilling of new, outcropping breccia targets at Lana Corina and drill targeting priority areas at Vista Montana.<\/p>\n

Culpeo\u2019s discoveries at Lana Corina come with majors crying out for new sources of the metal.<\/p>\n

Case in point, Chile\u2019s State-owned copper miner Codelco has underperformed, highlighting the risks and costs involved with expanding existing ageing copper assets.<\/p>\n

Highlighting the hunger of legacy miners for copper resources, Codelco has grown increasingly interested in paying big bucks to secure additional production, reportedly lobbing a US$500m bid yesterday for a 10% stake in Teck\u2019s Quebrada Blanca mine.<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Culpeo Minerals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

The post Culpeo\u2019s Lana Corina grows with largest intercept extended to 454m at 0.93% copper<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Additional drilling results have extended mineralisation at CPO\u2019s Lana Corina project The intersection of near-surface, high-grade copper mineralisation in drillhole CMLD014 now sits at 454m [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":12087,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nCulpeo\u2019s Lana Corina grows with largest intercept extended to 454m at 0.93% copper - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=12086\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Culpeo\u2019s Lana Corina grows with largest intercept extended to 454m at 0.93% copper - 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