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CopperCorp Intersects 132.0m @ 0.35% Cu and 0.19g/t Au in First Drill Hole at the Jukes Prospect

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Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) ("CopperCorp" or the "Company") is pleased to announce assay results from its first drill hole (JDD001)1,2 at the Jukes prospect on its 100% owned Razorback Copper-Gold-REE property in western Tasmania, Australia (Figure 1).

Highlights

  • Drillhole JDD001 successfully intersected a broad zone of copper-gold mineralization assaying 132.0m @ 0.35% Cu and 0.19g/t Au from 72.0m, including three zones of higher-grade mineralization, with best intercepts of:

    • 25.0m @ 0.75% Cu and 0.40g/t Au from 72.0m, including 9.0m @ 0.81% Cu and 0.76g/t Au from 85.0m

    • 10.1m @ 0.94% Cu and 0.69g/t Au from 128.5m, including 3.1m @ 2.17% Cu and 2.1g/t Au from 135.5m

    • 10.0m @ 0.67% Cu and 0.29g/t Au from 194.0m

  • Drilling of the second drill hole (JDD002) was recently completed to a depth of 310m. Drilling of a wedge hole has commenced off JDD002

  • Interpretation and development of a new district-scale alteration-mineralization model for the Mt Lyell - Razorback Cu-Au trend

Sean Westbrook, Vice President of exploration commented:

"The results of the Company's first drill hole at Jukes are very encouraging, especially given that this is the first time that multiple zones of significant Cu-Au mineralization have been intersected in drilling at the prospect."

Stephen Swatton, President and CEO of CopperCorp commented:

"This is a tremendous start for this season's drilling campaign. The high grade copper-gold in the form of breccias, stringers and disseminated units interspersed with lower grade mineralized rock confirms the fertile nature of this IOCG system well south of the 130 year old Mt Lyell mining district.

The second drill hole JDD002 collared from the same platform as JDD001 (but drilled at a steeper angle) was pushed to a greater depth than planned. The decision to drill deeper at JDD002 was based on encouraging visual observations from the core (alteration and sulphide assemblages) and to give ourselves a better chance of intersecting the large magnetic feature. The wedged core will help us understand the subtle lithological, alteration and mineralization changes that occur beneath JDD001. This information will help us to more efficiently target other prospective zones throughout the whole property as we contemplate more drilling at Jukes."

JDD001 Assay Results

Drill hole JDD001 (Figures 3 and 4) was designed to test depth extensions to high-grade Cu-Au mineralization in historical underground mine workings4. The hole was completed to a depth of 214m and intersected variably intense Cu-Au mineralization in the form of disseminated to stringer and breccia vein chalcopyrite over a broad 132m wide zone (72-204m) interval which includes three zones of higher-grade mineralization (Table 2). The first high-grade zone from 72m is interpreted as the depth extension to mineralization in the historical workings, while the other two high-grade zones from 128.5m and 194.0m were previously unknown. The copper mineralized zones in JDD001 are associated with increased chlorite-magnetite alteration which overprints earlier potassic (k-feldspar) altered dacitic to rhyolitic volcanic sequence host rocks.