Cupani intersects magmatic massive sulphides in three new drill holes

Canada NewsWire

TORONTO , Sept. 1, 2026 /CNW/ -- Cupani Metals Corporation ("Cupani" or the "Company") (CSE: CUPA) (OTCQB: CUPIF) is pleased to provide an update on its summer drilling campaign at its Blue Lake Project, located 65 kilometres from Schefferville, Quebec. Of the first four holes drilled this summer, three intersected magmatic massive sulphides at the base of mineralized ultramafic flows / subvolcanic sills. The newly intersected mineralization is located more than one kilometre southeast of historical mineralized lenses. All four holes tested targets within a high-priority corridor that remains open and largely untested along a strike length of at least sixteen kilometres (10 miles). The newly intersected massive sulphide horizons, and the general stratigraphy hosting them, are roughly horizontal.

Highlights

CU26-07: 1.8 meters of magmatic massive sulphides from 208.0 meters.

CU26-08: 0.5 meters of magmatic massive sulphides from 256.35 meters.

CU26-10: 2.45 meters of magmatic massive sulphides from 159.1 meter (see Figure 1 and 2).

Jacquelin Gauthier, VP Exploration, commented: "Our summer drilling program has been highly successful to date, with 3 of 4 holes intersecting massive sulphides at the base of the ultramafic units. These results clearly validate our new geological interpretation and confirm that we are exploring a robust metallogenic system with the potential to produce thick, significant intersections."

CEO Brian Bosse adds: "These holes show Cupani understands how this system is organized. Intercept thickness should evolve this copper - nickel exploration project from interesting to evident; it is roughly horizontal and remains open for miles."

To date, four diamond drill holes have been completed this summer in the Blue Lake Southeast sector.

CUP26-07 was designed to test the up-dip extension of the newly discovered mineralized horizon in