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CopperCorp Granted New Exploration Licence EL11/2024 Adjacent to Razorback Property

In This Article:

Vancouver, British Columbia--(Newsfile Corp. - December 16, 2024) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) ("CPER", "CopperCorp" or the "Company") is pleased to announce that it has been granted new exploration licence application EL11/2024 located adjacent to its Razorback Property (EL8/2023) in western Tasmania, Australia.

Highlights

  • Newly granted EL11/2024 (South Linda) 37km2 of highly prospective ground located within 2km of the Mt Lyell Cu-Au camp (Sibanye-Stillwater) and 2.5km of the Company's Jukes Cu-Au prospect.

  • EL11/2024 adjoins the northeastern margin of CPER's EL8/2023 (Razorback property) and is located over the Linda Transfer Zone structure that also hosts the Mt Lyell Cu-Au system (3Mt contained copper at 1% Cu, and 3Moz contained gold at 0.3g/t Au) located within 2km of EL11/2024.

  • The successful granting of EL11/2024 consolidates CopperCorp's dominant land holding in the region with the Company's 100% owned Skyline Project group of tenements now covering 92km of combined strike length over the eastern margin of the highly mineralized Cambrian-aged Mount Read Volcanics.

  • Technical reviews and exploration program planning and permitting for EL11/2024 are underway.

  • Sampling of drill core from hole JDD002W1 at the Jukes prospect (Razorback property) is complete with all samples delivered to the laboratory as of Friday 29th November.

Stephen Swatton, President and CEO of CopperCorp commented:

"Our preliminary geophysical interpretation of EL11/2024 'Linda South' license several months ago identified gravity and magnetic features that appear to be very similar to the signatures seen at Jukes and Hydes. The difference is there is no known surface rock alteration or geochemical expression at this location due to a siliceous barren overburden unit. With further interpretation, based on our geophysical knowledge to date from Jukes, additional drill targets will probably be identified at Linda South for testing in 2025."

Newy Granted EL11/2024 Property

Recently granted exploration licence EL11/2024 comprises 37km2 of ground directly adjoining the northeastern margin of CPER's EL8/2023 (Razorback) and the southern boundary of EL16/2018 (Walford Peak). The Company has been granted the exploration licence for a period of 5 years (renewable) commencing 19th November 2024. EL11/2024 covers highly prospective ground adjacent to the Tyennan Margin Fault and the NW-trending Linda Transfer Zone (Figure 2) within 2km of the Mt Lyell Cu-Au camp currently owned by Sibanye-Stillwater and currently the subject of a re-start feasibility study.