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CopperCorp Confirms Large IOCG System at South Darwin

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Vancouver, British Columbia--(Newsfile Corp. - August 19, 2024) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) ("CopperCorp" or the "Company") is pleased to provide an update on its 100% owned 171km2 Razorback Copper-Gold-REE property in western Tasmania, Australia. This is the Company's first exploration field season at Razorback. The South Darwin prospect lies at the southern end of the Razorback property adjacent to a paved secondary road.

Highlights

  • Assay results received for the 2-hole diamond drill program at the South Darwin prospect confirm strike extension of IOCG style Cu-Au and anomalous rare earth element (REE) values to at least 80m north of previous drilling. Significant mineralized intercepts from the drilling include:

      SDD007:

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  • 3D magnetic inversion modelling indicates a large magnetic body at a depth of 200-300m below current drilling at South Darwin representing an interpreted sub-vertical extension of the IOCG system.

  • Extensive surface mapping and rock chip sampling have identified a magnetite and REE anomaly over a prospective strike length of up to 5km long and 1.5km wide at the Darwin Zone with multiple areas highlighted for follow-up investigation. Less than 5% of the Darwin Zone prospective strike length has been tested by drilling.

  • The geochemistry of REE mineralogy at the Darwin Zone is similar to many large IOCG alteration systems world-wide.

Stephen Swatton, President and CEO of CopperCorp, commented:

"Despite the drill results being less exciting than we had hoped, the recognition of a large magnetic target below shallow IOCG style Cu-Au-REE mineralization and alteration at South Darwin is very encouraging. The drilling, alteration style and geophysical interpretation confirms that Darwin contains the hallmarks of a large IOCG system, consistent with the rest of the Razorback property.

In summary, I am very encouraged; the results give us further confirmation of the thesis that Mt Lyell and Darwin are indeed part of the same large mineralized system. CopperCorp has many Cu-Au showings between Darwin and Mt Lyell that are known (see figure 1). Some of these have been explored as part of the on-going exploration program and I look forward to reporting the results over the coming Tasmanian summer. The next news release will report the work at Hydes and Jukes."

Figure 1. - Location of the Razorback property relative to the Mt Lyell copper-gold mine - Blue outlines are CopperCorp's 100% owned licenses.

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