CopperCorp Awarded EDGI Co-Funding for Phase 2 Drilling at Jukes Cu-Au Prospect
Vancouver, B.C. (TSXV: CPER) (OTCQB: CPCPF)
CopperCorp Awarded EDGI Co-Funding for Phase 2
Drilling at Jukes Cu-Au Prospect
VANCOUVER, BC June 12, 2025 – CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) (“CopperCorp”
or the “Company”) is pleased to announce that it has been awarded a Tasmanian Government’s
Exploration Drilling Grant Initiative (EDGI) for drilling at the Jukes prospect on its 100% owned Razorback
Copper-Gold-REE property in western Tasmania, Australia (Figures 1 and 2).
The Company applied for co -funding to undertake the drilling of a proposed 550m deep diamond core
drill hole located in a currently non-vehicle accessible part of the Jukes prospect. The EDGI grant allows
the Company to apply for a total refund of up to AUD $70,000 from 50% of direct diamond drilling costs,
plus AUD $20,000 for helicopter support costs incurred in drilling the proposed hole, subject to signing of
a funding agreement.
CopperCorp has recently submitted work program applications for a phase 2 drilling program at Jukes
where the Company completed a successful maiden drill campaign during late 20241. The planned second
phase includes up to 2,000m of initial drilling designed to test for strike and depth extensions to known
Cu-Au mineralization, with further drilling to be considered subject to results.
Stephen Swatton, President and CEO of CopperCorp commented:
“The Government has continued to demonstrate their belief in the importance of resources to the state by
offering these grants for new exploration greenfield initiatives and by their general support for ongoing
mining development in Tasmania. We are pleased to be awarded our third such grant.”
Jukes Prospect Recap
The Jukes prospect is located within the 100% C opperCorp owned Razorback Cu-Au-REE property, 10km
south of the Sibanye -Stillwater owned Mt Lyell copper -gold mining camp (3Mt contained copper and
3Moz contained gold). Jukes is characterized by anomalous IP chargeability , magnetics, and surface
geochemistry over a strike length of at least 700m (open) (Figure 3).
Previous drilling, including CopperCorp’s recent campaign in late 2024 1,2, has so far only tested the
southern edge of the interpreted mineralized system at Jukes (Figure 3), but results are very encouraging
with significant drill intercepts including:
JDD0011,2:
• 132.0m @ 0.35% Cu and 0.19g/t Au from 72.0m, including
• 25.0m @ 0.75% Cu and 0.4g/t Au from 72.0m,
• 10.1m @ 0.94% Cu and 0.69g/t Au from 128.5m, and
• 10.0m @ 0.67% Cu and 0.29g/t Au from 194.0m
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
JDD002W1:
• 50.0m @ 0.66% Cu and 0.27g/t Au from 498.0m, including
• 20.0m @ 0.76% Cu and 0.17g/t Au from 498.0m; and
• 19.0m @ 0.86% Cu and 0.48g/t Au from 529.0m, including
• 2.05m @ 4.2% Cu and 1.66g/t Au from 545.4m
Historical underground adit channel sampling by CopperCorp also includes:
Jukes No.3 Main Adit (channel sampling)3:
• 31.0m @ 1.48% Cu and 0.83g/t Au, including
• 9.0m @ 2.92% Cu and 1.79g/t Au
Planned Phase 2 Drill Program
The Company is planning to drill up to 2,000m at Jukes. The proposed drilling work program is currently
awaiting formal approvals . The final drill plan for Razorback will be publicly announced when we have
received all permits in hand and can work with greater certainty on the scheduling going forward.
Initial drilling will step out approximately 400m north of previous drilling to test mineralization indicated
by very strong chargeability responses in previous gradient array IP surveys (Figure 3) and historical
exploration results such as 58.0m @ 0.74% Cu and 0.39g/t Au, including 18.0m @ 1.34% Cu and 1.09g/t
Au (Figure 4) from channel sampling of the King Jukes No. 1 Adit3. Extension drilling of 2024-hole JDD001
(132m @ 0.35% Cu, 0.19g/t Au) is also planned. The program may be expanded based on initial drilling
results or upcoming dipole-dipole IP survey findings.
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 Scintrex 1982 gradient array IP survey chargeability
(psuedocolour image) and historical rock chip sample copper assays.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Figure 4. Jukes prospect 3D model section slice (looking oblique towards SSW) showing drill results with
historical mine adit channel sampling, 3D magnetic inversion model core (blue), and gradient array IP
chargeability image draped on topography.
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$ 2.2M in
working capital.
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
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
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 m odel/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 News Release 19th December 2024
2CPER: TSXV News Release 15th October 2024
3CPER: TSXV News Release 13th May 2024
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
Seymour, D.B., Green, G.R., and Calver, C.R. 2007. The Geology and Mineral Resource of Tasmania: a
summary. Geological Survey Bulletin 72. Mineral Resources Tasmania, Department of Infrastructure,
Energy and Resources Tasmania
Contact:
Stephen Swatton
President, CEO & Director
Additional information about CopperCorp can be found on its website: www.coppercorpinc.com and at
www.sedar.com.
CAUTIONARY STATEMENT REGARDING FORWARD- LOOKING INFORMATION: This news release includes certain
“forward-looking statements” under applicable Canadian securities legislation relating the Company’s expectations and
plans regarding the Skyline Project, Razorback property and Jukes prospect in Tasmania; 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”, "anticipat es”, "believes”, “interpret”, "intends",
"estimates", "projects", "aims", “s uggests”, “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
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
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 and 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.