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CopperCorp Confirms Significant Outcropping Mineralization at Hydes and Commences Ground Gravity Surveys at Razorback

In This Article:

Vancouver, British Columbia--(Newsfile Corp. - February 18, 2025) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) ("CopperCorp" or the "Company") is pleased to provide an update on its ongoing exploration activities at the Company's 100% Razorback Copper-Gold-REE property in western Tasmania, Australia (Figures 1 and 2).

Highlights

  • Exploration field crews have successfully located outcropping copper mineralization at the Hydes prospect in the vicinity of a 1960's surface channel sampling program reported by BHP that returned 23.0m @ 0.8% Cu. Follow-up mapping and sampling is ongoing at Hydes

  • Gravity survey crews have been mobilised to site and have commenced planned ground gravity surveys over the Jukes and Hydes priority target areas. Line-cutting crews have been sourced to cut IP survey grids at Jukes and Hydes with work anticipated to commence during March

  • ICP Securities Inc. engaged for automated market making services

Field Exploration Update

Outcropping High-Grade Copper Mineralization Located at Hydes

The historically sampled outcropping chalcopyrite mineralization at Hydes has been successfully located by CopperCorp field crews (See Figures 3 and 4). The mineralization occurs in chlorite altered volcanic host rocks, exhibiting strong similarities in style to copper-gold mineralization at Jukes and deeper levels of the Mt Lyell Cu-Au system. Follow-up detailed mapping and sampling programs have been prioritized and commenced at Hydes. Assay results of rock sampling will be released as soon as they are available.

At Hydes, which remains untested by drilling, a modelled elongated magnetic pipe feature extends up to 1km vertically and occurs coincident with 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 6 and 7). Outcropping chalcopyrite mineralization that flanks the modelled magnetitic feature at Hydes has been successfully located by CopperCorp field crews. The mineralization was surface channel sampled by BHP in the 1960's and returned 23.0m @ 0.8% Cu (gold not assayed, see figure 6.) but has had no follow-up exploration since that time.

Gravity Surveys

Ground gravity surveys will focus initially on the Jukes and Hydes target area before moving on to cover the South Darwin and Linda target areas. The surveys are planned to infill around existing broad spaced gravity survey points (averaging approximately 1000m spacings) to provide higher resolution data (at 200m to 400m spacing) and enable more accurate mapping of prospective gravity anomalies for drillhole targeting.