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3.4¢ culpeo minerals limited

Ann: Drilling intersects 169m @ 1.08% Cu grades up to 3.56% Cu, page-19

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jdogga

69 Posts.

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07/12/22

23:05

Post #: 65207980
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Originally posted by Corgi: ↑

they are cash constrained and can only put a limited number of holes into the ground.

Based on the current known mineralization area (41,000m2) There is a conceptual target resource potential of around 50MT at average grade of around 0.80%. Which is pretty good. It definitely is mineable.

The longer term potential is the possible expansion of the resouce at the other nearby targets which are yet to be drilled tested.

The performance options is a good guide on what expect in the near term around a 30MT target. If they could raise more to drill more i'm sure they'd be able to be more aggressive with their drilling.

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Would be nice if they showed us where they plan to drill these 9-10 holes on the 2nd phase drilling. Expanding the resource is key, very cheap market cap and they have a few mil to drill with? I gotta see how this plays out.

CPO Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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