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CopperCorp Intersects Broad Copper-Gold Mineralized System at Jukes
Newsfile Corp.
12 min read

In This Article:

Vancouver, British Columbia--(Newsfile Corp. - December 19, 2024) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) ("CopperCorp" or the "Company") is pleased to announce assay results from drill hole JDD002 and JDD002W1 at the Jukes prospect on its 100% owned Razorback Copper-Gold-REE property in western Tasmania, Australia (Figure 1).

Highlights

  • JDD002W1 intersected a broad zone of copper-gold mineralization assaying 50.0m @ 0.66% Cu and 0.27g/t Au from 498.0m, including two zones of higher-grade mineralization, with best intercepts of:

    • 20.0m @ 0.76% Cu and 0.17g/t Au from 498.0m; and

    • 19.0m @ 0.86% Cu and 0.48g/t Au from 529.0m, including

      • 2.05m @ 4.2% Cu and 1.66g/t Au from 545.4m

  • Historical gradient array Induced Polarization ("IP") survey data over Jukes indicates a strong IP chargeability response associated with known surface geochemistry extending over a +700m undrilled strike length. Current and historic drilling at Jukes is limited to the extreme southern end of the IP chargeability and magnetic features.

Stephen Swatton, President and CEO of CopperCorp commented:
"We have intersected a previously unknown but significant IOCG body, that is lithologically similar to the deeper levels of the successfully mined Prince Lyell and Tharsis ore bodies at Mt Lyell (3MT copper, 3 Moz gold). Previous historical drilling at Jukes has clearly missed the IP target and hole JDD002W1 has just grazed the southern end of the anomaly. The IP interpretation indicates at least 700m strike extent of prospective ground that will now be tested by CopperCorp.

With the distinct lack of new copper discoveries globally, this drilling success within 5 kilometres of a copper mine that operated for [a century] has already attracted investor interest and testing the extension of this mineralisation becomes an urgent priority for 2025. The project is ideally located in Tasmania's mining-friendly region, where 4 operating mines are supported by a residential workforce, nearby water and transport infrastructure and 100% renewable grid power."

Latest Drill Results

JDD002 drilled to a depth of 310m, intercepted the Jukes Fault contact at approximately 122.3m and then traversed a sequence of variably K-feldspar-magnetite and chlorite-magnetite dacitic to rhyolitic volcanics with dispersed zones of weak disseminated to stringer chalcopyrite mineralization. Partial assay results (121.2-169.0m) have been received with best results including a low-grade intercept of 14.8m @ 0.18% Cu and 0.01g/t Au from 122.2m (Table 2). The hole was halted because it dipped too steeply and would not have intersected the mineralization now recorded in JDD002W1.

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