Culpeo Minerals (ASX:CPO) has announced assay results from its Phase 1 trenching program at the El Quillay South prospect, part of the Fortuna Project in Chile.
The latest findings encompass thick intervals of copper and gold mineralisation, with notable strikes including 46m at 0.90% copper equivalent.
Highlights from the trenching program reveal: - 46m at 0.90% CuEq in trench EQS002 (hangingwall) - 6m at 3.21% CuEq in trench EQS002 (footwall) - 20m at 0.51% CuEq in trench EQS001 (hangingwall) - 6m at 1.43% CuEq in trench EQS003 (footwall) - 3m at 1.72% CuEq in trench EQS004 (footwall).
Culpeo’s Managing Director, Max Tuesley, stated, "These results continue to demonstrate the exceptional potential of the Fortuna Project. The strong correlation of these trench results with mineralisation previously exploited along the 3 km El Quillay structure demonstrates the significant strike extent of this well mineralised system."
The company is progressing with continued trenching activities at El Quillay South to further define targets and extend mineralisation.
Additionally, site clearance and drill contractor selection for the Vista Montana Prospect are currently in process.
In conjunction with trenching, Culpeo is also focusing on broader exploration activities including a litho-geochemistry survey at La Florida and reconnaissance exploration of other high-priority areas within the Fortuna Project.
At the time of reporting, Culpeo Minerals' share price was $0.035.