Jupiter Project
STRATEGIC ACQUISITION OFFERING LARGE-SCALE, HIGH-GRADE COPPER EXPOSURE IN CHILE
The Company has acquired the highly prospective Jupiter Copper Project; a large, greenfield, exploration tenement covering approximately 4,000ha in the low-altitude Coastal Cordillera belt of Chile.
The region hosts numerous significant copper deposits including, Marimarca (Marimarca Copper Corp), Mantos Blancos (Capstone Mining Corp), Michilla (Minera HMC S.A.) and Mantos de Luna (Compañia Minera Mantos de la Luna S.A.).
The project is complementary to Culpeo’s existing project interests and aligns with its strategy of focusing on high-grade copper discoveries proximal to infrastructure within the Coastal Cordillera of Chile. Jupiter offers near-term opportunity to define high-grade copper resources in a world-class region, well supported by existing infrastructure.
SURFACE SAMPLES RETURNING GRADES UP TO 4.33% Cu and 3.24g/t Au
The concession package includes multiple small-scale mines and two distinct zones of identified copper mineralisation, with surface samples returning grades up to 4.33% Cu and 3.24g/t Au.
Early exploration undertaken as part of our due diligence has already identified two large zones of high-grade copper and gold mineralisation, presenting an immediate focus for us to pursue.
Jupiter has potential to host stratabound (Manto) and Iron Oxide Copper Gold (IOCG) copper.