CopperCorp Intersects Broad Zones of Visible Copper Mineralization in Drilling at Jukes
Vancouver, B.C. (TSXV: CPER) (OTCQB: CPCPF)
CopperCorp Intersects Broad Zones of Visible Copper
Mineralization in Drilling at Jukes
VANCOUVER, BC November 18, 202 4 – CopperCorp Resources Inc. (TSXV: CPER) (OTC QB: CPCPF)
(“CopperCorp” or the “Company”) is pleased to announce that broad zones of visible copper
mineralization have been intercepted in drill hole JDD002W1 at the Jukes prospect on its 100% owned
Razorback Copper-Gold-REE property in western Tasmania, Australia.
Geological logging indicates that JDD002W1 successfully intersected broad zones of strong K -feldspar-
magnetite, chlorite-magnetite alteration and sulphide mineralization . M ultiple zones of visible copper
sulphide mineralization have been intersected in JDD002W1 (see Table 1), including:
• 24.4m of visual copper sulphide from 400.0m downhole, and
• 88.7m of visual copper sulphide from 463.3m downhole, including a 48.2m wide zone of strong
visual copper sulphides from 498.7m downhole.
As previously reported1, diamond drill hole JDD002W1 is a wedge hole of f the JDD002 parent hole at a
depth of 67.5m, designed to test for copper mineralization at depth below hole JDD001 which intersected
132m @ 0.35% Cu and 0.19g/t Au1. At the time of reporting, JDD002W1 is at a depth of 568.1m.
The visual copper sulphide mineralization predominantly comprises disseminated, blebby, vein and
breccia matrix chalcopyrite (e.g. Figures 5 to 8). The tenor of visual mineralization is variable throughout
the hole (Table 1) and laboratory assays are awaited to confirm actual copper content. The chalcopyrite
is commonly associated magnetite and pyrite. Copper sulphide mineralization in JDD002W1 is associated
with increased chlorite -magnetite alteration which overprints earlier potassic (k -feldspar-magnetite)
altered dacitic to rhyolitic volcanic sequence host rocks. This association was also observed in the first
hole, JDD001, at Jukes.
Note: The Company cautions that with respect to reporting of any visible copper sulphides or other
visual mineralisation indicators, such as the occurrence of other sulphide or oxide minerals, visual
observations and estimates are uncertain in nature and should not be taken as a substitute for
laboratory analysis. Laboratory assay results will be reported when they have been received, validated
and interpreted.
Sean Westbrook, Vice President of exploration commented:
“Although assay results are awaited, the exploration team is very encouraged by the intersection of
significant visual sulphide mineralization in JDD002W1 especially given that it is the first hole to drill across
the large magnetic anomaly at Jukes that is now shown to be caused by intense hydrothermal alteration
consistent with an IOCG type mineral system – which is the targeted mineralization style.”
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
Stephen Swatton, President and CEO of CopperCorp commented:
“The observation of extensive intervals of copper from the first 2 holes is a very exciting start to the drilling
campaign at the northern end of the Razorback property. Jukes is one of several targets on the property
that we are investigating for IOCG style mineralization. The geochemical analy ses will be published over
the next few weeks and of course in addition to copper we eagerly await the results for gold which is
anticipated to be associated with the copper. The gold is too fine to be seen by the naked eye but is
common in similar rock types observed at the deeper levels of several ore bodies at the nearby Mt Lyell
copper-gold deposit.”
Next Steps
Drill hole JDD002W1 is anticipated to be completed within the week and the drill rig will mobilize offsite
for repair and maintenance. Logging and sampling of JDD002W1 is underway, with samples from 113-
219m already at the laboratory and the remainder of the hole on schedule to be logged and sampled
within 1-2 weeks. The Company looks forward to providing further updates as assays are received.
Planning and permitting of follow -up drilling and field surveys at Jukes is in progress with updates to be
provided in the near future.
Hole ID From
(m) To (m) Interval Minerals Description
JDD002W1 115.1 126.15 11.05 Mt-Py-Cpy
Trace to weak disseminated
chalcopyrite-pyrite associated with
intense chlorite-magnetite alteration.
JDD002W1 126.15 286.9 160.75 Mt-Py-Cpy
Generally trace disseminated
chalcopyrite with intermittent zones of
weak to moderate, locally intense
disseminated and vein chalcopyrite with
magnetite-pyrite and quartz-carbonate
veining in zones 0.3 to 5m wide.
JDD002W1 286.9 322.6 35.7 Mt-Py-Cpy
Zone of generally weak to moderate
magnetite-pyrite veining with trace to
moderate chalcopyrite.
JDD002W1 322.6 370.85 48.25 Py Trace to weak disseminated and fracture
paint pyrite.
JDD002W1 370.85 400.0 29.15 Mt-Py-Cpy
Variable magnetite-pyrite veining,
including massive veins and breccia
matrix zones up to 0.6m wide. Trace
disseminated chalcopyrite.
JDD002W1 400.0 424.4 24.4 Cpy-Py-Mt
Moderate to strong chalcopyrite
disseminated in host rock and in quartz-
carbonate veins. Trace to moderate
magnetite-pyrite veining.
JDD002W1 424.4 463.3 38.9 Py Trace to weak disseminated and fracture
paint pyrite.
JDD002W1 463.3 498.7 35.4 Cpy-Py-Mt
Weak to moderate disseminated to
stringer vein chalcopyrite-pyrite-
magnetite.
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
JDD002W1 498.7 546.9 48.2 Cpy-Py-Mt
Moderate to very strong chalcopyrite-
pyrite-magnetite as stinger veins,
massive veins up to 10cm wide, and
breccia matrix zones up to 1.25m wide.
Local magnetite-apatite vein zones.
JDD002W1 546.9 552.0 5.1 Cpy-Py-Mt
Weak to moderate disseminated to
stringer vein chalcopyrite-pyrite-
magnetite.
Table 1. Summary mineralization log for drill hole JDD002W1. Mineral key: Cpy = chalcopyrite, Mt =
magnetite, Py = pyrite.
Drill Hole Location Data
Drillhole
ID
Easting
GDA94
Northing
GDA94 mRL Length
(m) Dip Azimuth Company
JDD001 383670 5331179 622 214.0 -50 258 CopperCorp
JDD002 383670 5331179 622 310.0 -75 254 CopperCorp
JDD002W1 383670 5331179 622 568* -75 254 CopperCorp
Table 2. Jukes prospect CopperCorp drill hole location and summary data (this news release).
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 (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
550-800 West Pender St. Vancouver, BC V6C 2V6 | E: [email protected] | W: coppercorpinc.com
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
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 drill update summary section with 3D inversion model isosurface for magnetics
(blue) and gravity (pink).