Culpeo Minerals Limited has completed an Induced Polarisation survey at the Fortuna Project in Chile, identifying two strong chargeability anomalies at the El Quillay North Prospect and a newly defined target at El Quillay West.

The survey concluded following the start of field work on 12 July 2026 across ten lines totalling 24 line-kilometres. The five southern pole-dipole lines outlined the two anomalies, which both coincide with surface copper mineralisation, alteration and previous rock-chip assays returning greater than 1.0% copper.

The El Quillay North anomaly extends over approximately 500 metres by 200 metres, including a higher-response core measuring 300 metres by 200 metres. The newly defined El Quillay West target presents as a discrete 300-metre by 300-metre bullseye anomaly, representing the strongest response identified from the southern survey lines.

Culpeo plans an initial 500 metres of diamond drilling across the two targets, comprising one 250-metre hole at each prospect. This work follows previous shallow wide copper mineralisation intersected during maiden drilling at the El Quillay Prospect in January 2024, and adds to ongoing exploration across the broader project area, where a four-hole, approximately 1,000-metre diamond drilling programme was initiated at the El Quillay South Prospect in June 2026.

Non-Executive Chair Geoff McNamara commented:

“We are delighted that the IP survey has already defined two additional drill targets that we know are associated with surface mineralisation. Drilling of these targets will commence immediately following the completion of drilling at the El Quillay South which is in progress, so we expect a continuous flow of assay results over the coming months.”

The company is positioned to maintain active exploration across the project as assay flows continue.

Read the full announcement: Strong IP Anomalies Define Priority Drill Targets at Fortuna