CopperCorp Commences Second Drill Hole At Jukes Cu- Au Prospect
Vancouver, B.C. (TSXV: CPER) (OTCQB: CPCPF)
CopperCorp Commences Second Drill Hole At Jukes Cu-
Au Prospect
VANCOUVER, BC September 25, 2024 – CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CP CPF)
(“CopperCorp” or the “Company”) is pleased to provide an update on its diamond drilling program 1 at the
Jukes Zone target area (Jukes prospect) on its 100% owned Razorback Copper-Gold-REE property in
western Tasmania, Australia (Figures 1 and 2).
The first diamond drill hole at the Jukes prospect, JDD001 (Figures 3 and 4), was successfully completed
to a depth of 214m on 18 th September. Drilling of a second diamond drill hole, JDD002, has commenced
from the same pad as JDD001 (Figure 4). JDD002 is drilling on the same azimuth as JDD001 but at a steeper
angle and will test for extension of mineralisation approximately 70m below JDD001 and 120m below
historical underground workings (Jukes No.3 adit – Figure 4).
Logging and sampling of the JDD001 drill core is well underway with samples from priority zone 71-146m
already at the laboratory with the remainder of the hole (146-214m) on schedule to be sampled and
despatched mid-week. First assay results are anticipated within 2-3 weeks. The Company looks forward
to providing further updates as assays are received and drilling progresses.
Geological logging indicates that JDD001 successfully intersected zones of chlorite-magnetite alteration
rock with sulphide mineralization. Assay results a re awaited to confirm the extent and grade of the
mineralization. The JDD001 collar remains cased in order to allow for potential extension of the hole.
The planned drilling program at Jukes comprises an initial 2 diamond drill holes totalling 400m. The drill
holes are designed to target depth extensions to hi gh-grade Cu-Au mineralization recently sampled 3 in
underground historical Jukes No. 3 Main Adit (31.0m @ 1.48% Cu and 0.83g/t Au , including 9.0m @ 2.92%
Cu and 1.79g/t Au ) and will test the current interpretation that these high-grade mineralized zones occur
associated with NNW-trending fault structures, and in particular at the intersection of these structur es
with the NE-trending Jukes fault. Pending initial information and results, these drill holes may be extended
to test deeper parts of the Jukes system.
The Company currently has approvals in place to dri ll up to 1,320m from 4 drill sites at Jukes and may
extend the drill program depending on results of th e initial holes and/or other ongoing work (including
prospect-scale geophysical data reviews and surface sampling programs).
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 in dicates a vertically extensive pipe-like magnetic
feature with a partially coincident to off-set resi dual gravity anomaly at Jukes 2. The position of the
magnetic and gravity anomalies adjacent to large fertile fault structures is considered highly prospective
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
for structurally controlled mineralized pipes typic al of the Mt Lyell system where anomalous gravity
features occur associated with larger mineralized p ipe bodies that have depth extensive chlorite-
magnetite-apatite-biotite alteration zones (e.g. Prince Lyell and Western Tharsis orebodies)2 (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)3.
Results of recent channel sampling 3 of historical underground adits by CopperCorp incl uded 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 les ser 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 showing
location of the recently commenced drill hole (JDD001).
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) showing drill hole traces of completed and planned initial drill holes.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Figure 5. 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.
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$4.0M in
working capital as reported in the August 27, 2024 news release 4.
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 i nformation 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 11 th September 2024
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
2CPER: TSXV News Release 26 th August 2024
3CPER: TSXV News Release 13 th May 2024
4CPER: TSXV Interim MDA for the Period Ended June 30 2024, 27 th August 2024
Adjacent Property (Mt Lyell) Information Sources:
Sibanye-Stillwater company website information as of May 12 th 2024
New Century Resources: ASX Announcement 23 rd January 2023
New Century Resources: ASX Announcement 27 th 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 (Tel: 604-
970-8032) and at www.sedar.com .
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFO RMATION: 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”, "exp ects”, "plans”, "anticipates”, "believes”, “interpret”, "intends",
"estimates", "projects", "aims", “suggests”, “often ”, “target”, “future”, “likely”, “pending”, "potent ial", "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 Compa ny'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 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.