Culpeo Minerals (ASX:CPO) is ready to commence a four-hole, approximately 1,000m diamond drilling program at the El Quillay South prospect within its Fortuna Project in Chile.
The campaign targets strike and depth extensions of known copper-gold mineralisation along the El Quillay Fault Zone, a major mineralised structure extending more than 4km at surface.
Previous surface channel sampling at the prospect returned 43.1m @ 1.0% copper and 1.3 grams per tonne gold.
The planned holes are designed to test the potential for copper-gold mineralisation associated with a porphyry-style system.
Interim Executive Chair Geoff McNamara says EQ South is “very similar” to the Lana Corina discovery.
“The target shares multiple geological characteristics with the Lana Corina system. Importantly, the broader El Quillay Fault Zone extends for more than 4km and hosts multiple zones of mineralisation,” McNamara says.
He adds that the program represents the first phase of multiple diamond drilling campaigns across the company’s Fortuna and Lana Corina projects, both located in the Coquimbo Region near the Los Pelambres mine.
Culpeo Minerals is a copper explorer and developer focused on its assets within the Coastal Cordillera of Chile.
Write to Paula Fabe at Mining.com.au
Images: Culpeo Minerals
