CopperCorp Confirms Further Large-Scale IOCG Targets at Jukes and Hydes
Vancouver, B.C. (TSXV: CPER) (OTCQB: CPCPF)
CopperCorp Confirms Further Large-Scale
IOCG Targets at Jukes and Hydes
VANCOUVER, BC August 26, 2024 – CopperCorp Resources Inc. (TSXV: CPER) (OTC QB: CPCPF)
(“CopperCorp” or the “Company”) is pleased to provide an update on its 100% owned Razorback Copper-
Gold-REE property in western Tasmania, Australia.
Highlights
• New 3D inversion modelling of magnetic and gravity data indicates highly prospective coincident
magnetic pipe and gravity features at the Jukes and Hydes target zones characteristic of IOCG
deposits and with similarities to the Mt Lyell Cu-Au system (3Mt contained copper at 1% Cu, and
3Moz contained gold at 0.3g/t Au) located along trend immediately to the north.
• The position of these magnetic and gravity features directly adjacent to large fertile fault
structures, and outcropping magnetite and copper-gold mineralization in both areas is considered
highly prospective.
• Drilling access track construction scheduled to commence at Jukes during late August.
Stephen Swatton, President and CEO of CopperCorp commented:
“This is ‘game changing’ news in terms of our understanding of the potential of the entire Razorback
property. The regional geophysical interpretation that the team have been working on with consultants
clearly shows strong analogies between our Razorback license with the world class Mt Lyell copper district
20km along strike to the north.
The spring / summer fieldwork season has just commenced in Tasmania and the Company plans to release
regular updates of the progress. We will also be releasing details of our anticipated copper -gold drill
program at Jukes soon with the expectation that with further refining of the geophysics and integration of
Jukes data, drill targets at Hydes will be announced before year end. The permission for drilling at Jukes is
already confirmed and we anticipate future drill permits will again be issued in a matter of weeks rather
than months upon application due to the current pro-resource sentiment at the Tasmanian State level.”
Jukes and Hydes Zones – Large Scale Magnetitic-Gravity Targets
New data processing and 3D inversion modelling of magnetic and gravity data shows vertically extensive
pipe-like magnetic features with coincident to off- set residual gravity anomalies at both the Jukes and
Hydes target zone areas. The position of these magnetic and gravity features directly adjacent to large
NW-trending faults in both areas is considered highly prospective for structurally controlled mineralized
pipes typical of the Mt Lyell system where anomalous gravity features occur associated with the larger
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
mineralized pipe bodies that have depth extensive chlorite -magnetite-apatite-biotite alteration zones
(e.g. Prince Lyell and Western Tharsis orebodies – Figure 3).
As previously reported for the Jukes Zone 1, results of 3D inversion modelling show an elongate pipe-like
magnetic high feature with the core of the pipe extending up to 700m in a N-S direction, and up to 1.4km
vertically below outcropping mineralization at surface ( Figures 4 and 6). The magnetic high is coincident
with magnetite bearing Cu -Au mineralization and an enveloping zone of k -feldspar-magnetite-pyrite
alteration sampled at surface1. Results from recent channel sampling of underground historical workings
at Jukes, including 31.0m @ 1.48% Cu and 0.83g/t Au1, confirmed high-grade copper-gold potential at the
prospect. Results of 3D gravity inversion modelling has defined a significant gravity high anomaly located
adjacent and partially overlapping the modelled magnetic pipe at Jukes. The gravity anomaly is slightly
NW-SE elongated over a distance of 1km with average amplitudes between 2.5 to 3.5mGal with a peak of
3.9mGal. The area of the modelled grav ity high feature is overlain by cover sequence rocks and has not
been tested by previous exploration.
At the Hydes target zone, a modelled elongated magnetic pipe feature extends up to 1km vertically and
occurs directly adjacent to and overlapping a circular residual gravity high anomaly around 1km in
diameter with a peak amplitude of 4.6mGal, positioned on a large NW-trending fault structure (Figures 5
and 6). Historical sampling (BHP – 1960’s) of outcropping chalcopyrite mineralized chloritic schists flanking
the modelled magnetitic feature at Hydes returned 23.0m @ 0.8% Cu (gold not assayed, see figure 4.). A
second and larger gravity anomaly occurs along the same structural trend approximately 2km to the NW
of the magnetic-gravity pair anomaly at Hydes. This second anomaly is elongated E-W over a distance of
2.4km and has a peak magnitude of 7.1mGal. The Hydes target zone area remains untested by drilling.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Figure 1. – Location of the Razorback property 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 2. Exploration target areas, Razorback property.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Figure 3. Mt Lyell copper mine lease area (Sibanye-Stillwater) with complete bouguer anomaly (CBA),
20km high-pass (HP20km) residual gravity image and TMI 1VD magnetic contours. Note the elongated
gravity anomaly associated with the Prince Lyell – Western Tharsis mineralized trend. Peak residual
gravity magnitude at the Prince Lyell orebody (114Mt @ 1.2% Cu, 0.3g/t Au) is 4.7mGal.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Figure 4. Jukes Zone area with complete bouguer anomaly (CBA), 20km high-pass (HP20km) residual
gravity image and TMI 1VD magnetic contours.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Figure 5. Hydes Zone area with complete bouguer anomaly (CBA), 20km high-pass (HP20km) residual
gravity image and TMI 1VD magnetic contours.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Figure 6. Hydes and Juke Zone area long section (looking towards WNW) with 3D inversion magnetic
susceptibility (teal) and gravity/density (pink) model iso-surface shells.
Next Steps
The Company is currently reviewing potential geophysical techniques that may assist with refining drill
targets at Jukes and Hydes. The Company currently plans to drill Jukes over the next 2 months. CopperCorp
is planning on drilling Hydes later this year following the outcome of the Jukes drilling and further refining
of the geophysics. Jukes and Hydes are 2 of several targets that will come under further review this
summer (Figure 2.)
About the Razorback Property
The Razorback property covers 171km2 of highly prospective ground situated directly south of the Mt Lyell
copper mine in western Tasmania. CopperCorp has identified three high-priority exploration target areas
(Jukes, Hydes and Darwin Zones) as well as other prospective areas within the property.
About CopperCorp
CopperCorp is focused on the exploration and development of its Skyline and AMC copper -gold-REE
Projects in western Tasmania. The company is well -financed with approximately C$ 4.3M in working
capital as reported in the May 13, 2024 news release1.
Quality Assurance / Quality Control on Assay Results
Information on historical and recent prospecting, mining, and exploration activities at the Razorback
property contained within this news release has been reviewed and verified by the Qualified Person.
Historical and recent data is considered sufficiently consistent between generations of past explorers, and
sufficiently consistent with recent results, to provide confidence that compiled and reviewed assay results
are indicative of the tenor of the samples. 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. The Company has undertaken