CopperCorp Acquires Strategic New Ground Adjoining Razorback Property
Vancouver, B.C. (TSXV: CPER) (OTCQB: CPCPF)
CopperCorp Acquires Strategic New Ground Adjoining
Razorback Property
VANCOUVER, BC September 3, 2024 – CopperCorp Resources Inc. (TSXV: CPER) (OTC QB: CPCPF)
(“CopperCorp” or the “Company”) is pleased to announce that it has expanded the Skyline Project land
holdings with new exploration licences added directly adjoining its 100% owned Razorback Copper-Gold-
REE property in western Tasmania, Australia.
Highlights
• Combined 65km2 of new exploration licence holding s (granted and under application) expands
and consolidates the Skyline Project group of southern tenements into a contiguous package
covering an area of 332km2 over 58km of continuous strike.
• The expanded Skyline Project now comprises five 100% -owned exploration licences covering a
combined area of 569km2, further consolidating the Company’s landing holding over the district-
scale Cu-Au opportunity. The Company’s land holding in western Tasmania now totals 1,878km2.
• New Exploration Licence application EL11/2024 contains highly prospective ground situated on
the Linda Transfer Zone structure that also hosts the Mt Lyell Cu-Au camp located within 2km of
EL11/2024.
• Drilling access now completed at Jukes. Drill contractor scheduled to mobilise to site early- to mid-
September.
Stephen Swatton, President and CEO of CopperCorp commented:
“This announcement confirms our confidence in the potential of the mineral endowment of the ground
south of the Mount Lyell copper -gold mining camp. The geological team have done a tremendous job
consolidating this land position in a highly prospective and prolific mining jurisdiction which is integral to
the state’s wealth and growth plan. We look forward to starting our inaugural drill program at Jukes this
month, the details of which will be announced once we have commenced.”
Expanded Skyline Project
The Skyline Project (Figure 1) has now been expanded to include the recently granted EL14/2023 and new
application EL11/2024, as well as the existing EL16/2018, EL24/2020 and EL8/2023 properties and now
covers a combined area of 569km2, along 92km of combined strike length over the eastern margin of the
highly mineralized Cambrian-aged Mount Read Volcanics (MRV).
Four large-scale mines occur within 10km of the consolidated Skyline Project, all hosted within the MRV
– including the Tier 1 Mount Lyell Cu-Au deposit (3 Mt contained Cu and 3 Moz contained Au @ 1.0% Cu
and 0.3g/t Au), the world class Rosebery and Hellyer polymetallic VMS deposits, and the Henty Au deposit
(1.64 Moz Au @ 12.5 g/t Au) (Figure 1).
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Western Tasmania is an established mining region located within a low-risk, stable jurisdiction with a long,
150-year exploration and mining history. The region is rich in diverse mineral resources with large -scale
multi-generational mines, established infrastructure, local skilled labor, and rail- to-port networks. The
region is supplied by 100% renewable energy.
EL11/2024 (Application)
Exploration Licence application EL11/2024 comprises 37km2 of ground directly adjoining the northeastern
margin of EL8/2023 (Razorback) and the southern boundary of EL16/2018 (Walford Peak). The licence
area covers highly prospective ground over the Tyennan Margin Fault and the NW-trending Linda Transfer
Zone (Figure 2).
Regional structure of the MRV is marked by longitudinal, subduction -parallel, broadly N-S trending syn-
volcanic growth faults cut by NW- to WNW-trending transfer structures, including the Linda Transfer Zone.
The location of the Mt Lyell Cu-Au camp as well as other significant deposits in the MRV show close spatial
relationships to N-S growth faults (e.g. the Great Lyell Fault at Mt Lyell), with many deposits additionally
located proximal to the intersection of the N-S growth faults and cross-cutting transfer structures.
Preliminary review of EL11/2024 indicates a set of coincident to offset magnetic and residual gravity
anomalies located at the Linda South target, immediately south of the Company’s Linda target zone within
EL16/2018 (now renamed Linda North). The magnetic and gravity features are under a thick (>200m)
sequence of barren cover and have never been drill tested although previous surface exploration has
confirmed the presence of zoned hydrothermal alteration in the cover rocks at Linda South with similar
mineralogy to alteration observed the upper and peripheral levels of the Mt Lyell Cu -Au system. The
Company is currently undertaking a technical review of the EL11/2024 and looks forward to providing
further updates upon the anticipated granting of the licence.
EL14/2023 (Granted)
Recently granted Exploration Licence EL14/2023 comprises 28km2 directly adjoining the southern margin
of EL8/2023 (Razorback). The area is considered prospective of IOCG style mineralization extending
southwards under cover from the South Darwin prospect. The licence was granted on June 27th 2024, and
is currently the subject of a historical exploration and technical review.
Jukes Zone Drilling Update
The construction of drilling access tracks at the Jukes prospect is now complete . Initial drilling is
anticipated to commence early- to mid-September following mobilization of the drill rig to site. An update
will be provided on commencement of drilling.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Figure 1. CopperCorp exploration licences and project areas in western Tasmania.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Figure 2. 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 3. Location of the Razorback property and new Exploration Licences (ELs) relative to the Mt Lyell
copper-gold mine. Blue outlines are CopperCorp’s 100% owned licenses.
Digital Marketing Services Agreement
Additionally, CopperCorp announced that it has entered into a Digital Marketing Services Agreement (the
“Agreement”) with Senergy Communications Capital Inc. (“Senergy”) pursuant to which Senergy will
provide certain digital marketing services (the “Services”) to the Company.
The Services provided by Senergy will include, but not be limited to, digital advertising, media program
management and coordination, email marketing, shareholder engagement reports and social media
analytics reports. The Agreement has a term of three (3) months. As consideration for the provision of the
Services, and in accordance with the terms and provisions of the Agreement, the Company will pay
Senergy a fee of C$50,000 plus GST.
Senergy is a British Columbia based company headed by Aleem Fidai who is operating at arm’s length
from the Company. Senergy owns 0 (zero) shares of the Company, and neither Senergy nor any of its
principals and affiliates holds any other interest, direct or indirect, in the Company.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
About CopperCorp
CopperCorp is focused on the exploration and development of its Skyline, AMC, and Whisky Creek copper-
gold-REE projects in western Tasmania. The company is well -financed with approximately C$ 4.1M in
working capital as reported in the August 27, 2024 news release1.
Qualified Person & National Instrument 43-101 Disclosure
The Company’s disclosure of technical or scientific information in this news release has been reviewed
and approved by Sean Westbrook, VP Exploration for the Company. Mr. Westbrook is a Qualified Person
(QP) as defined in National Instrument 43-101.
Information on historical and recent prospecting, mining, and exploration activities at the Skyline Project
group of properties contained within this news release has been reviewed and verified by the Qualified
Person. In the opinion of the Qualified Person, sufficient verification of historical and new data has been
undertaken to provide sufficient confidence that past exploration programs were performed to adequate
industry standards and the data reported is fit for substantiating the prospectivity of the project in
general, supporting the geological model/s proposed, planning exploration programs, and identifying
targets for further investigation.
This news release contains information about adjacent properties on which the Company does not have
an interest. The QP has been unable to verify the information on these adjacent properties and the
information is not necessarily indicative to the mineralization on the properties that is the subject of this
news release.
References
1CPER: TSXV Interim MDA for the Period Ended June 30 2024, 27th August 2024
CPER: TSXV News Release 26th August 2024
CPER: TSXV News Release 19th August 2024
CPER: TSXV News Release 13th May 2024
CPER: TSXV News Release 4th March 2024
CPER: TSXV News Release 18th January 2024
CPER: TSXV News Release 15th November 2023
CPER: TSXV News Release 20th September 2023
CPER: TSXV News Release 6th June 2023
Adjacent Property (Mt Lyell) Information Sources:
Sibanye-Stillwater company website information as of May 12th 2024
New Century Resources: ASX Announcement 23rd January 2023
New Century Resources: ASX Announcement 27th October 2021
Contact:
Stephen Swatton
President, CEO & Director
Additional information about CopperCorp can be found on its website: www.coppercorpinc.com and at
www.sedar.com.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
CAUTIONARY STATEMENT REGARDING FORWARD- LOOKING INFORMATION: This news release includes certain
“forward-looking statements” under applicable Canadian securities legislation relating the Company’s expectation and
plans regarding the Skyline Project in Tasmania; the granting of exploration licence EL11/2024; plans for future
exploration and drilling at the Jukes prospect and the timing of same; the merits of the Company’s mineral projects and
other plans of the Company. Forward-looking statements are statements that are not historical facts; they are generally,
but not always, identified by the words “encouraging”, "expects”, "plans”, "anticipates”, "believes”, “interpret”,
"intends", "estimates", "projects", "aims", “suggests”, “often”, “target”, “future”, “likely”, “pending”, "potential",
"goal", "objective", "prospective", “possibly”, “preliminary” and similar expressions, or that events or conditions "will",
"would", "may", "can", "could" or "should" occur, or other statements, which, by their nature, refer to future events. The
Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made, and that such statements are subject to risks and uncertainties that
may cause actual results, performance or developments to differ materially from those contained in the statements.
Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements.
Factors that could cause future results to differ materially from those anticipated in forward-looking statements include
risks associated the timing and outcome of the approval process for final granting of the EL11/2024 application; that
the Company may experience difficulties in exploration and drilling and carrying out related work ; the timing and
content of upcoming work programs; geological interpretations based on drilling that may change with more detailed
information; possible accidents; the possibility that the Company may not be able to secure permitting and other
governmental approvals necessary to carry out the Company's plans; the risk that the Company will not be able to raise
sufficient funds to carry out its business plans; the possibility that future exploration results will not be consistent with
the Company’s expectations; increases in costs; environmental compliance and changes in environmental and other
local legislation and regulation; interest rate other risks associated with mineral exploration operations, the risk that the
Company will encounter unanticipated geological factors a nd exchange rate fluctuations; changes in economic and
political conditions; and other risks involved in the mineral exploration industry. The reader is urged to refer to the
Company's Management’s Discussion and Analysis, publicly available through the Canadian Securities Administrators'
System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion
of risk factors and their potential effects.
Forward-looking statements are based on a number of assumptions, including management’s assumptions about the
following: the availability of financing for the Company’s exploration activities; operating and exploration costs; the
Company’s ability to attract and retain skilled staff; timing of the receipt of necessary regulatory and governmental
approvals; market competition; and general business and economic conditions. The Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.