Culpeo Minerals

Culpeo Minerals is a copper exploration and development company with assets in Chile, the world’s number one copper producer.

Culpeo Minerals is exploring and developing high-grade copper systems in the Coastal Cordillera region of Chile, 350km North of Santiago, at low altitude with access to paved roads, power and water.

The Company has made a new discovery at Lana Corina, diamond drilling results include:

454m at 0.80% Cu, 0.02% Mo (0.96% CuEq) from 90m in CMLCD014;

257m at 0.93% Cu, 0.01% Mo (1.03% CuEq) from 170m in CMLCD002;

173m at 1.04% Cu, 0.01% Mo (1.11% CuEq) from 313m in CMLCD003;

169m at 1.07% Cu, 0.02% Mo (1.23% CuEq) from 239m in CMLCD010;

104m at 0.75% Cu, 0.01% Mo (0.83% CuEq) from 155m in CMLCD001A; and

81m at 1.06% Cu, 0.02% Mo (1.14% CuEq) from 302m in CMLCD005A.

Culpeo also recently acquired the Fortuna Project, approximately 10km North of Lana Corina. Both projects are situated in the Coquimbo region of Chile and contain significant outcropping, high-grade copper mineralisation which offers multiple walk-up drill targets.

Drilling and Induced Polarisation Surveys continue at both the Lana Corina and Furtuna Projects, with the focus being the maiden diamond drilling programme at the Visita Montana Prospect. Vista Montana is believed to be the extension of the Lana Corina discovery, potentially extending the mineralised system to >3km of strike.