Cupani talks up potential of corridor at Blue Lake

Executive Summary

• Cupani Metals Corp. announced initial results from its summer 2025 exploration program on its 100%-owned Blue Lake property, identifying a new 1.5 km by 12 km high-potential corridor of fertile ultramafic subvolcanic conduits.
• The program led to the discovery of two new mineralized zones (Pogo Northwest and Retty Lake Northwest) and redefined the geological model, suggesting historical deposits lie within magmatic conduits that extend southeast.
• A heliborne magnetic-electromagnetic survey covering 5,313 line kilometres was completed, with preliminary results indicating new conductors and anomalies for future ground follow-up and a planned drill program in winter 2025.

Key Details

• New Geological Corridor: Identification of a 1.5 km x 12 km high-potential corridor composed of interpreted fertile ultramafic subvolcanic conduits, extending southeast from known mineralization.
• Historical Resource Context: The northwestern section of the corridor hosts ~6 mineralized zones discovered in the 1960s, containing a combined historical resource of 4.37 million tonnes grading 2.28% CuEq (not NI 43-101 compliant).
• New Zone Discovery (Pogo Northwest):
  • Angular felsenmeer blocks of mineralized ultramafics identified over a coincident EM conductor and magnetic anomaly.
  • Two large angular ultramafic blocks returned 0.47% and 0.34% CuEq.
  • Mineralized peridotite outcrop identified to the northeast.
• Blue Lake North Results:
  • Anomalous ultramafic felsenmeer blocks returned 0.35% to 0.68% CuEq.
  • Anomalous peridotite outcrops returned 0.19% and 0.15% CuEq.
  • Two subangular peridotite blocks returned 0.55% and 0.68% CuEq.
  • Several subangular to rounded ultramafic blocks ranged from 0.35% to 0.47% CuEq.
• Retty Lake Northwest:
  • New EM conductors led to discovery of angular to subrounded ultramafic felsenmeer blocks with visible mineralization.
  • Multiple blocks contained up to 10% sulphides (pyrrhotite and chalcopyrite); assay results pending.
• Retty Lake West:
  • Metric-scale angular felsenmeer blocks of ultramafics identified, trending NW-SE with ~10% visible sulphides and distinct net-textured mineralization; assay results pending.
  • Historical drill hole A-27 intersected:
    • 0.6% Cu, 0.56% Ni, 0.3% Zn over 0.7 m.
    • 0.25% Cu, 0.24% Ni over 1.04 m.
• Geophysical Survey:
  • Completed heliborne magnetic-electromagnetic survey of 5,313 line kilometres.
  • Conducted by Expert Geophysics using the proprietary TargetEM26 system (low-noise, low-frequency).
  • Preliminary computer-generated results received; final interpretations pending for ground-based follow-up.
• Future Plans: Primary exploration focus shifted to the new high-potential corridor; upcoming works include ground geophysical survey followed by a drill program planned for winter 2025.

Notable Quotes

• J. Gauthier, Vice-President of Exploration: "The recognition of a series of fertile ultramafic conduits, potentially extending up to 12 km southeast of the known mineralization, is a real game changer. It allows us to concentrate our exploration efforts on a well defined high-priority sector while continuing to investigate the rest of the ultramafic sequences that are present all over our 682 square km property."
• Brian Bosse, CEO: "This is exactly what I hoped for in 2025. The footprint of Cupani possibilities just keeps expanding. Most importantly a new geological theory has arisen which explains existing deposits plus points contiguously southeast from the historical tonnage in search of additional massive sulfides. Meanwhile geophysics found whole new zones to explore many miles away from, and off trend of the historical deposits."