Culpeo Minerals expands Chile landholding by 45% with new licences

Culpeo Minerals has expanded its landholding successful Chile by 45% pursuing the granting of 24 further exploration licences (ELs) covering 2,809 hectares (ha).

The licences screen the company's Lana Corina and Fortuna projects, taking its full landholding successful the state to 9,033ha.

The further tenure increases Culpeo Minerals' beingness astir established areas hosting copper-gold mineralisation.

According to the company, the caller licences see 5 ELs totalling 793ha astatine Lana Corina and 19 ELs covering 2,016ha astatine Fortuna.

Culpeo Minerals has incorporated the caller areas into ongoing exploration programmes that see geological mapping, rock-chip sampling and transmission sampling.

These activities purpose to enactment the recognition and prioritisation of targets for aboriginal drilling.

At the aforesaid time, exploration enactment is continuing astatine the Fortuna Project, wherever an induced polarisation survey has commenced crossed astir 24 enactment kilometres.

The survey is targeting aggregate prospects confirmed to big copper-gold mineralisation and is designed to supply information connected subsurface chargeability and resistivity.

The findings from the survey, unneurotic with information from mapping, trenching, geochemistry, magnetic surveys and drilling, volition beryllium utilized to refine and fertile targets for further exploration.

Diamond drilling activities are successful advancement astatine the El Quillay South prospect, with archetypal assay results anticipated by August 2026.

Culpeo Minerals interim enforcement seat Geoff McNamara said: "The granting of these licences materially strengthens Culpeo's onshore presumption crossed the Lana Corina and Fortuna task areas and supports our nonsubjective of establishing a district-scale, copper-gold portfolio successful Chile.

"This caller tenure covers areas surrounding and along-strike from known mineralisation. It provides our geological squad with a broader country crossed which to use the geological models developed done our existing exploration programmes."

"Culpeo Minerals expands Chile landholding by 45% with caller licences" was primitively created and published by Mining Technology, a GlobalData owned brand.