Cupani Metals Drilling Commences At Blue Lake in Northern Quebec
Cupani Metals Corporation (CSE: CUPA) (OTCQB: CUPIF) is pleased to announce the winter 2026 drill program has begun.
Cupani’s 2026 winter drill program ranges from 15 to 25 holes for a total of between 3000 and 4000 meters. The program is designed to test the interpreted extension of the Blue lake mineralisation to the South-East along the High-Potential Corridor (click: 27 February 2026 press release for description).
Drill locations were chosen based on confluence of surface geology that includes the presence of mineralised ultramafics and geophysics including aeromagnetic anomalies, electromagnetic responses and gravity anomalies. The proposed depth for each drill hole is planned as sufficient to reach the ultramafic / sediment contact. Cupani may choose to keep the drill rig onsite beyond April for use later in 2026.
Cupani’s 100% owned Blue Lake copper nickel PGE project in Quebec covers 682 square kilometres of exploration claims. During the 1980s certain sections of Blue Lake project were explored by La Fosse Platinum. They drilled hundreds of exploration holes, excavated a 350 metre (1000 foot) adit, conducted geochemical, geophysical and geologic surveys and metallurgy testing. The surface projection of discovered mineralization as well as historical drill locations are shown and comprise an area less than 10 square kilometers (figure 1).
The above figure’s copper equivalence estimates were made using CAD for the copper equivalent calculation with metal prices as of September 8th, 2025 of $6.20/lb Cu, $9.52/lb Ni, $1921.60/oz Pt, $1566.82/oz Pd. Equation used: Copper Equivalent = Cu (%) + (Ni (%) x 1.54) + (Pt (g/t) x 0.45) + (Pd (g/t) x 0.37). There is a reasonable assumption that recoveries will be 80% or more for all commodities, consistent with comparable peers, and all Cu equivalent numbers were multiplied by this factor. A search for metal recoveries was conducted for the main Ni-Cu deposits and recoveries are usually higher than 80% for Ni and Cu. Only copper equivalence values calculated above 0.4% are shown on the figure.
Qualified Person
The scientific and technical information in this Press Release was verified by Jacquelin Gauthier P.geo, Cupani’s VP of exploration. He is acting as the Company’s qualified person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About CUPANI
CUPANI Metals Corp. provides shareholders with long-term capital growth exposure by investing in mineral exploration properties. The Company is listed on the CSE under the symbol “CUPA” and on OTCQB under the symbol “CUPIF”. To learn more about the Company please visit http://www.CUPANImetals.com
