CopperCorp Intersects Broad Copper-Gold Mineralized System at Jukes
Vancouver, B.C. (TSXV: CPER) (OTCQB: CPCPF)
CopperCorp Intersects Broad Copper-Gold
Mineralized System at Jukes
VANCOUVER, BC December 19, 2024 – CopperCorp Resources Inc. (TSXV: CPER) (OTC QB: CPCPF)
(“CopperCorp” or the “Company”) is pleased to announce assay results from drill hole JDD002 and
JDD002W1 at the Jukes prospect on its 100% owned Razorback Copper-Gold-REE property in western
Tasmania, Australia (Figure 1).
Highlights
• JDD002W1 intersected a broad zone of copper-gold mineralization assaying 50.0m @ 0.66% Cu and
0.27g/t Au from 498.0m, including two zones of higher-grade mineralization, with best intercepts of:
o 20.0m @ 0.76% Cu and 0.17g/t Au from 498.0m; and
o 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 gradient array Induced Polarization (“IP”) survey data over Jukes indicates a strong IP
chargeability response associated with known surface geochemistry extending over a +700m
undrilled strike length. Current and historic drilling at Jukes is limited to the extreme southern end
of the IP chargeability and magnetic features.
Stephen Swatton, President and CEO of CopperCorp commented:
“We have intersected a previously unknown but significant IOCG body, that is lithologically similar to the
deeper levels of the successfully mined Prince Lyell and Tharsis ore bodies at Mt Lyell (3MT copper, 3 Moz
gold). Previous historical drilling at Jukes has clearly missed the IP target and hole JDD002W1 has just
grazed the southern end of the anomaly . The IP interpretation indicates at least 700m strike extent of
prospective ground that will now be tested by CopperCorp.
With the distinct lack of new copper discoveries globally, this drilling success within 5 kilometres of a
copper mine that operated for a century has already attracted investor interest and testing the extension
of this mineralisation becomes an urgent priority for 2025. The project is ideally located in Tasmania’s
mining-friendly region, where 4 operating mines are supported by a residential workforce, nearby water
and transport infrastructure and 100% renewable grid power.”
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Latest Drill Results
JDD002 drilled to a depth of 310m, intercepted the Jukes Fault contact at approximately 122.3m and then
traversed a sequence of variably K-feldspar-magnetite and chlorite-magnetite dacitic to rhyolitic volcanics
with dispersed zones of weak disseminated to stringer chalcopyrite mineralization . Partial assay results
(121.2-169.0m) have been received with best results including a low -grade intercept of 14.8m @ 0.18%
Cu and 0.01g/t Au from 122.2m (Table 2). The hole was halted because it dipped too steeply and would
not have intersected the mineralization now recorded in JDD002W1.
JDD002W1 was drilled to a depth of 569m (Figures 3 and 4) , to enable a better drilling angle in order to
test for copper mineralization below JDD001 and to test the 3D magnetic inversion model feature at
depth. The hole successfully intersected broad zones of strong K -feldspar-magnetite, chlorite-magnetite
alteration and sulphide mineralization after crossing the Jukes Fault contact at approximately 115.1m
downhole. Multiple zones of variably intense Cu-Au mineralization were intersected in the form of
disseminated and blebby to stringer and breccia vein chalcopyrite (see Table 2 for intercepts) . The
broadest zone occurred over a 50m wide interval (498-548m downhole) and includes two zones of high-
grade mineralization (Table 2).
The copper mineralized zone s in JDD002W1 are associated with intense chlorite-magnetite alteration
which overprints earlier potassic (k-feldspar) altered dacitic to rhyolitic volcanic sequence host rocks.
Geophysics Review
Review of historical geochemical and geophysical survey data from the Jukes prospect area has identified
significant IP chargeability anomalies broadly coincident with anomalous magnetics (magnetite
alteration), surface geochemistry and historical mine workings over the prospect area. Two large (eastern
and western) zones of anomalous chargeability (>20mv/v) have been identified through reprocessing of
data from a historical Scintrex gradient array IP survey carried out in 1982 (Figure 4). To our knowledge
we are the first company over the past 30 years to reprocess this data. The combination of density,
magnetic and now IP are key to the identification of potential mineralization.
Western IP Anomaly - The western IP anomaly (Figure 4) extends over a NNE-SSW trending strike length
around 550m with a central zone of >30mv/v extending approximately 230m along strike and laterally up
to 140m wide. Hole JDD002W1 is interpreted to have intersected mineralization (50.0m @ 0.66% Cu and
0.27g/t Au ) towards the southern end of the western IP anomaly (Figure 4) at a vertical depth of
approximately 550m below surface. Towards the northern end of the anomaly, previous (1980’s) near -
surface channel sampling of the historical King Jukes No.1 Adit returned 58.0m @ 0.74% Cu and 0.39g/t
Au (Figure 6) along the main drive which ended in mineralization. Apart from hole JDD002W1, the western
IP anomaly remains untested by drilling along its strike length.
Eastern IP Anomaly - The eastern IP anomaly (Figure 4) extends over a N-S trending strike length of 700m
with lateral widths up to 130m, and peak chargeability values up to 66mv/v occurring in the northern part
of the anomaly. Drilling to date has only tested the southern end of the eastern IP anomaly where Cu-Au
mineralization is truncated against the northeast -trending Jukes Fault. The northern extent of the
anomaly remains untested by drilling over at least 600m of strike with surface indications, including
historical mine workings and extensive zones outcr opping potassic -chlorite-magnetite alteration and
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
stockwork to breccia magnetite-pyrite veining, indicating the area is highly prospective for continuation
of the copper-gold system.
The overall area of the anomalous gradient array IP zones is broadly coincident with the projected
footprint of the large magnetic pipe feature at Jukes (Figure 6) that was previously defined by 3D magnetic
inversion modelling 5 to extend up to 700m in a N -S direction, and up to 1.4km vertically . Drill hole
JDD002W1 intersected a zone of stockwork to massive magnetite- pyrite-apatite veining and breccia
coincident with the magnetic inversion model feature between 268 -401m downhole. The magnetite-
pyrite veining is generally unmineralized for copper but contains elevated cobalt values, including discrete
1m intervals grading up to 0.1% Co. This zone of increased magnetite-pyrite veining overprints intense k-
feldspar alteration and is interpreted to represent the hot inner core of the mineralization system at Jukes.
The majority of copper-gold mineralization occurs associated with chlorite-magnetite alteration outbound
of the potassic-magnetic core.
Next Steps
The exploration team is currently undertaking a detailed geological and structural review of the Jukes
prospect whilst concurrently carrying out a surface outcrop channel sampling program over the IP
anomalous zones. This work is ongoing concurrent with other prospective drill targets such as Hydes and
Linda South.
About the Jukes Prospect and Previous Work
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 (3Mt contained copper and 3Moz contained
gold). 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 4. 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)4 (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) 5.
Results of recent drilling1 and channel sampling5 of historical underground adits by CopperCorp includes:
JDD001:
• 132.0m @ 0.35% Cu and 0.19g/t Au from 72.0m, including
o 25.0m @ 0.75% Cu and 0.4g/t Au from 72.0m,
o 10.1m @ 0.94% Cu and 0.69g/t Au from 128.5m, and
o 10.0m @ 0.67% Cu and 0.29g/t Au from 194.0m
Jukes No.3 Main Adit (channel sampling):
• 31.0m @ 1.48% Cu and 0.83g/t Au, including
o 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
Jukes Prospect Drill Hole Location Data (CopperCorp Drilling)
Drillhole ID Easting
GDA94
Northing
GDA94 mRL Length
(m) Dip Azimuth Comments
JDD001 383670 5331179 622 214.0 -50 258
JDD002 383670 5331179 622 310.0 -75 254
JDD002W1 383670 5331179 622 530.0 -75 254
Wedge hole off
JDD002 at 67.5m
downhole
Table 1. Jukes prospect CopperCorp drill hole location and summary data.
Jukes Prospect Significant Cu-Au Mineralized Intervals (CopperCorp Drilling)
Prospect Hole Number From (m) To (m) Interval (m) Cu (%) Au (g/t) Notes
Jukes
JDD001 72.0 204.0 132.0 0.35 0.19 Previously reported
including 72.0 97.0 25.0 0.75 0.4 Previously reported
including 85.0 94.0 9.0 0.81 0.76 Previously reported
and 128.5 138.6 10.1 0.94 0.69 Previously reported
including 135.5 138.6 3.1 2.17 2.1 Previously reported
and 194.0 204.0 10.0 0.67 0.29 Previously reported
Jukes JDD002 122.2 137.0 14.8 0.18 0.01
Jukes
JDD002W1 498.0 548.0 50.0 0.66 0.27
including 498.0 518.0 20.0 0.76 0.17
and 529.0 548.0 19.0 0.86 0.48
including 545.4 547.45 2.05 4.2 1.66
JDD002W1 121.0 140.0 19.0 0.11 0.02
JDD002W1 214.0 220.0 6.0 0.17 0.06
JDD002W1 400.0 424.0 24.0 0.17 0.08
JDD002W1 463.0 468.0 5.0 0.35 0.08
JDD002W1 489.0 492.0 3.0 0.34 0.09
Table 2: Jukes prospect significant drillhole mineralized intercepts for CopperCorp drilling. Reported grades
are calculated as down-hole length weighted averages. Intercepts are downhole intervals.
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 summary plan with Scintrex 1982 gradient array IP survey chargeability
(psuedocolour image) and historical rock chip sample copper assays.