TSXV: CPER) (OTCQB: Cpcpf)
Vancouver, B.C. (TSXV: CPER) (OTCQB: CPCPF)
CopperCorp Intersects 132.0m @ 0.35% Cu and 0.19g/t
Au in First Drill Hole at the Jukes Prospect
VANCOUVER, BC October 15 , 202 4 – CopperCorp Resources Inc. (TSXV: CPER) (OTC QB: CPCPF)
(“CopperCorp” or the “Company”) is pleased to announce assay results from its first drill hole (JDD001)1,2
at the Jukes prospect on its 100% owned Razorback Copper-Gold-REE property in western Tasmania,
Australia (Figure 1).
Highlights
• Drillhole JDD001 successfully intersected a broad zone of copper-gold mineralization assaying
132.0m @ 0.35% Cu and 0.19g/t Au from 72.0m , including three zones of high er-grade
mineralization, with best intercepts of:
o 25.0m @ 0.75% Cu and 0.40g/t Au from 72.0m, including 9.0m @ 0.81% Cu and 0.76g/t
Au from 85.0m
o 10.1m @ 0.94% Cu and 0.69g/t Au from 128.5m, including 3.1m @ 2.17% Cu and 2.1g/t
Au from 135.5m
o 10.0m @ 0.67% Cu and 0.29g/t Au from 194.0m
• Drilling of the second drill hole (JDD002) was recently completed to a depth of 310m. Drilling of
a wedge hole has commenced off JDD002
• Interpretation and development of a new district-scale alteration-mineralization model for the
Mt Lyell – Razorback Cu-Au trend
Sean Westbrook, Vice President of exploration commented:
“The results of the Company’s first drill hole at Jukes are very encouraging, especially given that this is the
first time that multiple zones of significant Cu -Au mineralization have been intersected in drilling at the
prospect”
Stephen Swatton, President and CEO of CopperCorp commented:
“This is a tremendous start for this season’s drilling campaign. The high grade copper -gold in the form of
breccias, stringers and disseminated units interspersed with lower grade mineralized rock confirms the
fertile nature of this IOCG system well south of the 130 year old Mt Lyell mining district.
The second drill hole JDD002 collared from the same platform as JDD001 ( but drilled at a steeper angle)
was pushed to a greater depth than planned. The decision to drill deeper at JDD002 was based on
encouraging visual observations from the core (alteration and sulphide assemblages) and to give ourselves
a better chance of intersecting the large magnetic feature. The wedged core will help us understand the
subtle lithological, alteration and mineralization changes that occur beneath JDD001. This information will
help us to more efficiently target other prospective zones throughout the whole property as we
contemplate more drilling at Jukes”
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
JDD001 Assay Results
Drill hole JDD001 (Figures 3 and 4) was designed to test depth extensions to high -grade Cu -Au
mineralization in historical underground mine workings4. The hole was completed to a depth of 214m and
intersected variably intense Cu-Au mineralization in the form of disseminated to stringer and breccia vein
chalcopyrite over a broad 132m wide zone (72-204m) interval which includes three zones of higher-grade
mineralization (Table 2). The first high -grade zone from 72m is interpreted as the depth extension to
mineralization in the historical workings, while the other two high-grade zones from 128.5m and 194.0m
were previously unknown. The copper mineralized zones in JDD001 are associated with increased chlorite-
magnetite alteration which overprints earlier potassic (k -feldspar) altered dacitic to rhyolitic volcanic
sequence host rocks.
Drill Hole Location Data
Drillhole
ID
Easting
GDA94
Northing
GDA94 mRL Length
(m) Dip Azimuth Company
JDD001 383670 5331179 622 214.0 -50 258 CopperCorp
JDD002 383670 5331179 622 310.0 -75 254 CopperCorp
Table 1. Jukes prospect CopperCorp drill hole location and summary data (this news release).
Significant Cu-Au Mineralized Intervals
Prospect Hole Number From (m) To (m) Interval (m) Cu (%) Au (g/t)
Jukes
JDD001 72.0 204.0 132.0 0.35 0.19
including 72.0 97.0 25.0 0.75 0.4
including 85.0 94.0 9.0 0.81 0.76
and 128.5 138.6 10.1 0.94 0.69
including 135.5 138.6 3.1 2.17 2.1
and 194.0 204.0 10.0 0.67 0.29
Table 2: Jukes prospect significant drillhole mineralized intercepts for JDD001 reported in this news release.
Reported grades are calculated as down- hole length weighted averages. Intercepts are downhole
intervals.
JDD002 Update
The second hole, JDD002, at Jukes (Figures 3 and 4) was recently completed to a depth of 310m. JDD002
was extended past its originally planned depth (200m) to test the 3D magnetic inversion model feature at
depth. Logging and sampling of the JDD002 drill core is underway and t he Company looks forward to
providing further updates as assays are received and drilling progresses.
Drilling of a wedge hole (JDD002-W1) has commenced from a depth of 67.5m off the JDD002 parent hole
(Figure 4). A ‘ wedge’ is a methodology of forcing the drill bit to lessen the steepness of the hole. It is
designed to further test copper mineralization below JDD001.
The Company currently has approvals in place to drill up to 1,320m from 4 drill sites at Jukes and may
extend the drill program depending on results of the initial holes and/or other ongoing work (including
prospect-scale geophysical data reviews and surface sampling programs).
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Lyell – Razorback Cu-Au District Geological Model
Further recent exploration activity includes the development of a new district -scale alteration-
mineralization model for the Mt Lyell – Razorback Cu-Au trend (Figure 5). Alteration and mineral mapping
indicate strong evidence for continuation of a district-scale Cu -Au mineralization system extending
directly south from the Mt Lyell mine system and into the Razorback property. This work expands
significantly on the knowledge of the type-deposit for the trend, namely Mt. Lyell (3Mt contained copper
at 1% Cu, and 3Moz contained gold at 0.3g/t Au) and has contributed significantly towards development
of key exploration targeting criteria. The model highlights the prospectivity of CopperCorp’s four priority
exploration target zones in the area - Linda, Jukes, Hydes and Darwin.
At the camp to deposit scale, alteration facies associated with copper-gold mineralization are zoned from
deep level cores of K -feldspar-magnetite-biotite-tourmaline and chlorite -phengite-magnetite-pyrite
dominant assemblages with IOCG affinity, upwards and outwards to high -sulphidation epithermal style
sericite-silica-pyrite-pyrophyllite-hematite-barite alteration, and then to shallowest upper advanced
argillic pyrophyllite -silica-alunite dominant alteration (Figure 5) . Subsequent p ost-mineralization
deformation and erosion results in different levels of the original mineralized system being
preserved/exposed at current surface throughout the district. We interpret that the alteration zones
formed as vertically extensive structurally controlled discharge zones, possibly extending up to 3 -4km
above the source granitoid intrusives. Pipe -like zones of massive to stockwork and disseminated
magnetite-apatite with variable Cu-Au and REE mineralization occur throughout these extensive discharge
zones but appear to be best developed within the deeper level iron oxide-alkali alteration facies.
The Mt Lyell Cu -Au system (Figure 6), containing a cluster of up to 24 separate mineralized pipes and
lenses, is interpreted to represent the intermediate to upper levels of a large discharge zone above a
possible IOCG type system at depth. The Prince Lyell orebody (114Mt @ 1.2% Cu and 0.3g/t Au) at Mt
Lyell currently represents the largest individual example of such a mineralized pipe, with dimension s of
450 x 150m at surface and extending vertically for more than 1500m.
About the Jukes Prospect
The Jukes prospect is located within the 100% owned Razorback Cu-Au-REE property, 10km south of the
Sibanye-Stillwater owned Mt Lyell copper -gold mining camp. Recent work by CopperCorp, including 3D
inversion modelling of magnetic and gravity data indicates a vertically extensive pipe -like magnetic
feature with a partially coincident to off- set residual gravity anomaly at Jukes 3. The position of the
magnetic and gravity anomalies adjacent to large fertile fault structures is considered highly prospective
for structurally controlled mineralized pipes typical of the Mt Lyell system where anomalous gravity
features occur associated with larger mineralized pipe bodies that have depth extensive chlorite-
magnetite-apatite-biotite alteration zones (e.g. Prince Lyell and Western Tharsis orebodies)3 (Figure 5).
Previous exploration at the prospect includes limited drilling below historical workings during the 1970’s
and 1980’s that gave a best intercept of 13.4m @ 1.6% Cu and 1.6g/t Au from 61.6m (drillhole JP02) 4.
Results of r ecent channel sampling4 of historical underground adits by CopperCorp included 31.0m @
1.48% Cu and 0.83g/t Au, including 9.0m @ 2.92% Cu and 1.79g/t Au. The copper-gold mineralization at
Jukes occurs predominantly as chalcopyrite with lesser bornite , associated with intense chlorite -
magnetite alteration with strong similarities to deep level mineralization at Mt Lyell.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Figure 1. Southern Skyline Project properties and exploration target areas with magnetics TMI RTP image.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Figure 2. Location of the Razorback property and the Jukes Zone target area relative to the Mt Lyell copper-
gold mine. Blue outlines are CopperCorp’s 100% owned licenses.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Figure 3. Jukes prospect summary plan with magnetics reduced to pole (RTP) image underlay.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Figure 4. Jukes prospect drill update summary section with 3D inversion model isosurface for magnetics
(blue) and gravity (pink).
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Figure 5. Lyell – Razorback Cu-Au Trend schematic model.
Figure 6. Long section through the Mt Lyell copper-gold camp looking east. After New Century Resources
23 Jan 2023 ASX announcement and Sibanye Stillwater website presentation material May 2024.