{"id":8134,"date":"2024-04-09T04:24:27","date_gmt":"2024-04-09T04:24:27","guid":{"rendered":"https:\/\/economicherald.net\/?p=8134"},"modified":"2024-04-09T04:24:27","modified_gmt":"2024-04-09T04:24:27","slug":"not-one-not-two-but-potentially-three-zones-of-copper-sulphides-picked-up-by-culpeo-at-fortuna-project-in-chile","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=8134","title":{"rendered":"Not one, not two, but potentially three zones of copper sulphides picked up by Culpeo at Fortuna Project in Chile"},"content":{"rendered":"<p>New targets have been generated through remodelled geophysical data at the Fortuna project in Chile<br \/>\nAn induced polarisation chargeability anomaly with a large 500m x 300m footprint has been defined<br \/>\nDrilling is planned to test the depth extensions of mineralisation. <\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em>: Chilean copper explorer Culpeo Minerals has found a possible new third zone of copper within the 3km-long El Quillay trend at its Fortuna project, opening the door to drill testing later this year. <\/strong><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/culpeo-minerals-cpo\/\"><strong>Culpeo Minerals (ASX:CPO)<\/strong><\/a> acquired an 80% interest in the Fortuna Project in August 2023, increasing its copper exploration landholdings by 300%, located approximately 10km north of its Lana Corina Project.<\/p>\n<p>In a further expansion two months later, CPO secured another 22.5km2 to its landholding.\u00a0 These new tenements exhibit a lithological and structural setting similar to the known copper occurrences at Fortuna, where evidence of historic mining operations is scattered throughout the project area.<\/p>\n<p>Although it hosts multiple zones of copper mineralisation, over a strike length of 6km, the Fortuna Project has undergone limited previous exploration across its four key prospect areas (La Florida, El Quillay, Vaca Muerta and Piedra Dura).<\/p>\n<p>Currently, Culpeo\u2019s main exploration focus is El Quillay, a sizeable copper prospect which lies within a 3km long regional fault zone in an area previously mined by both open cut and underground mining.<\/p>\n<p>\u00a0<\/p>\n<p>Copper sulphide mineralisation present in historic underground workings at El Quillay North (Pic: Culpeo Minerals)<\/p>\n<p>\u00a0<\/p>\n<h2><strong>\u2018A much larger mineralised system exists\u2019 <\/strong><\/h2>\n<p>Geophysical data modelling has now identified four chargeability anomalies indicative of copper sulphide mineralisation, including one with a large footprint of 500m x 300m to the west of the El Quillay Fault Zone.<\/p>\n<p>This new \u2018El Quillay West\u2019 target, highlights the potential for an additional zone of mineralisation adjacent to that which is hosted within the El Quillay Fault Zone.<\/p>\n<p>\u201cThis confirms our belief that a much larger mineralised system exists at El Quillay than previously recognised,\u201d CPO managing director Max Tuesley said.<\/p>\n<p>\u201cWe look forward to drill testing these targets during 2024.\u201d<\/p>\n<p>\u00a0<\/p>\n<p>Plan view of El Quillay. (Pic via Culpeo Minerals)<\/p>\n<p>\u00a0<\/p>\n<h2><strong>2024 exploration plans <\/strong><\/h2>\n<p>Various key activities are planned to take place during the next few months, including ground-based site reconnaissance of priority areas and drilling of new breccia targets at Lana Corina.<\/p>\n<p>Upcoming drilling will test the lateral and depth extensions of mineralisation within multiple structures close to the El Quillay Fault Zone.<\/p>\n<p>The results from laboratory analysis of samples from the litho-geochemical survey undertaken at the La Florida target are expected to be returned within the coming weeks.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Culpeo Minerals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/not-one-not-two-but-potentially-three-zones-of-copper-sulphides-picked-up-by-culpeo-at-fortuna-project-in-chile\/\">Not one, not two, but potentially three zones of copper sulphides picked up by Culpeo at Fortuna Project in Chile<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>New targets have been generated through remodelled geophysical data at the Fortuna project in Chile An induced polarisation chargeability anomaly with a large 500m x <a href=\"https:\/\/economicherald.net\/?p=8134\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":8135,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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