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CopperCorp Acquires Strategic New Ground Adjoining Razorback Property

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Vancouver, British Columbia--(Newsfile Corp. - September 3, 2024) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) ("CopperCorp" or the "Company") is pleased to announce that it has expanded the Skyline Project land holdings with new exploration licences added directly adjoining its 100% owned Razorback Copper-Gold-REE property in western Tasmania, Australia.

Highlights

  • Combined 65km2 of new exploration licence holdings (granted and under application) expands and consolidates the Skyline Project group of southern tenements into a contiguous package covering an area of 332km2 over 58km of continuous strike.

  • The expanded Skyline Project now comprises five 100%-owned exploration licences covering a combined area of 569km2, further consolidating the Company's landing holding over the district-scale Cu-Au opportunity. The Company's land holding in western Tasmania now totals 1,878km2.

  • New Exploration Licence application EL11/2024 contains highly prospective ground situated on the Linda Transfer Zone structure that also hosts the Mt Lyell Cu-Au camp located within 2km of EL11/2024.

  • Drilling access now completed at Jukes. Drill contractor scheduled to mobilise to site early- to mid-September.

Stephen Swatton, President and CEO of CopperCorp, commented:

"This announcement confirms our confidence in the potential of the mineral endowment of the ground south of the Mount Lyell copper-gold mining camp. The geological team have done a tremendous job consolidating this land position in a highly prospective and prolific mining jurisdiction which is integral to the state's wealth and growth plan. We look forward to starting our inaugural drill program at Jukes this month, the details of which will be announced once we have commenced."

Expanded Skyline Project

The Skyline Project (Figure 1) has now been expanded to include the recently granted EL14/2023 and new application EL11/2024, as well as the existing EL16/2018, EL24/2020 and EL8/2023 properties and now covers a combined area of 569km2, along 92km of combined strike length over the eastern margin of the highly mineralized Cambrian-aged Mount Read Volcanics (MRV).

Four large-scale mines occur within 10km of the consolidated Skyline Project, all hosted within the MRV - including the Tier 1 Mount Lyell Cu-Au deposit (3 Mt contained Cu and 3 Moz contained Au @ 1.0% Cu and 0.3g/t Au), the world class Rosebery and Hellyer polymetallic VMS deposits, and the Henty Au deposit (1.64 Moz Au @ 12.5 g/t Au) (Figure 1).

Western Tasmania is an established mining region located within a low-risk, stable jurisdiction with a long, 150-year exploration and mining history. The region is rich in diverse mineral resources with large-scale multi-generational mines, established infrastructure, local skilled labor, and rail-to-port networks. The region is supplied by 100% renewable energy.