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FinanceCulpeo Minerals expands Chile landholding by 45% with 24 new exploration licences
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Culpeo Minerals has expanded its landholding in Chile by 45% after receiving 24 new exploration licences covering 2,809 hectares across its Lana Corina and Fortuna projects. The company's total landholding in Chile now stands at 9,033 hectares. The new licences include five ELs totalling 793ha at Lana Corina and 19 ELs covering 2,016ha at Fortuna. The company has integrated these areas into ongoing exploration programmes including geological mapping, rock-chip sampling, and channel sampling to identify drilling targets. At the Fortuna Project, an induced polarisation survey covering approximately 24 line kilometres is underway to assess subsurface chargeability and resistivity. Diamond drilling continues at the El Quillay South prospect, with initial assay results expected by August 2026. Interim executive chair Geoff McNamara stated the new tenure strengthens the company's district-scale copper-gold portfolio in Chile.
Source report
Source: Mining Technology Author: Shree Mishra Reading Time: 2 min
Culpeo Minerals has expanded its landholding in Chile by 45% following the granting of 24 additional exploration licences (ELs) covering 2,809 hectares (ha).
The licences cover the company's Lana Corina and Fortuna projects, bringing its total landholding in the country to 9,033 ha. The additional tenure increases Culpeo Minerals' presence around established areas hosting copper-gold mineralisation.
Licence Breakdown
- Lana Corina: 5 ELs totalling 793 ha
- Fortuna: 19 ELs covering 2,016 ha
Exploration Activities
Culpeo Minerals has incorporated the new areas into ongoing exploration programmes, which include:
- Geological mapping
- Rock-chip sampling
- Channel sampling
These activities aim to support the identification and prioritisation of targets for future drilling.
At the Fortuna Project, exploration work is continuing. An induced polarisation survey has commenced across approximately 24 line kilometres. The survey is targeting multiple prospects confirmed to host copper-gold mineralisation and is designed to provide data on subsurface chargeability and resistivity.
Findings from the survey, combined with data from mapping, trenching, geochemistry, magnetic surveys, and drilling, will be used to refine and rank targets for further exploration.
Drilling Progress
Diamond drilling activities are underway at the El Quillay South prospect, with initial assay results anticipated by August 2026.
Executive Comment
Culpeo Minerals interim executive chair Geoff McNamara said:
"The granting of these licences materially strengthens Culpeo's land position across the Lana Corina and Fortuna project areas and supports our objective of establishing a district-scale, copper-gold portfolio in Chile.
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"This new tenure covers areas surrounding and along-strike from known mineralisation. It provides our geological team with a broader area across which to apply the geological models developed through our existing exploration programmes."
This article was originally created and published by Mining Technology, a GlobalData owned brand.
Source
Yahoo FinanceWestern
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Culpeo Minerals expands Chile landholding by 45% with new licences