CopperCorp Commences Second Drill Hole At Jukes Cu-Au Prospect
CopperCorp Resources has commenced a second diamond drill hole, JDD002, at the Jukes Cu-Au Prospect on its 100%-owned Razorback Copper-Gold-REE property in Tasmania, Australia. The first drill hole, JDD001, was completed to a depth of 214m and intersected zones of chlorite-magnetite alteration rock with sulphide mineralization. Logging and sampling of JDD001 are ongoing, with samples from the priority zone (71-146m) already at the laboratory. The company expects assay results within 2-3 weeks. JDD002 aims to test for mineralization extensions approximately 70m below JDD001 and 120m below historical underground workings. The planned drilling program includes two initial diamond drill holes totaling 400m, targeting depth extensions to high-grade Cu-Au mineralization associated with fault structures. Approvals are in place to drill up to 1,320m from four sites, with potential extensions based on initial results and ongoing work.
CopperCorp Resources ha avviato un secondo foro di perforazione a diamante, JDD002, presso il Jukes Cu-Au Prospect, nella sua proprietà Razorback Copper-Gold-REE di proprietà al 100% in Tasmania, Australia. Il primo foro di perforazione, JDD001, è stato completato fino a una profondità di 214m e ha intersecato zone di alterazione rocciosa clorite-magnetite con mineralizzazione di solfuri. Le operazioni di registrazione e campionamento di JDD001 sono in corso, con i campioni della zona prioritaria (71-146m) già in laboratorio. La compagnia prevede di ricevere i risultati delle analisi nelle prossime 2-3 settimane. JDD002 mira a verificare le estensioni della mineralizzazione a circa 70m sotto JDD001 e 120m sotto i lavori sotterranei storici. Il programma di perforazione programmato include due fori di perforazione a diamante iniziali per un totale di 400m, mirati ad estensioni in profondità di mineralizzazione Cu-Au ad alta legge associate a strutture di faglia. Sono state ottenute le approvazioni per perforare fino a 1.320m da quattro siti, con possibili estensioni in base ai risultati iniziali e al lavoro in corso.
CopperCorp Resources ha comenzado un segundo agujero de perforación de diamante, JDD002, en el Jukes Cu-Au Prospect, en su propiedad Razorback Copper-Gold-REE de propiedad al 100% en Tasmania, Australia. El primer agujero de perforación, JDD001, se completó a una profundidad de 214m e intersectó zonas de roca alterada de clorita-magnetita con mineralización de sulfuros. El registro y muestreo de JDD001 están en curso, con muestras de la zona prioritaria (71-146m) ya enviadas al laboratorio. La empresa espera resultados de ensayo en 2-3 semanas. JDD002 tiene como objetivo probar extensiones de mineralización aproximadamente 70m debajo de JDD001 y 120m debajo de las instalaciones subterráneas históricas. El programa de perforación planeado incluye dos agujeros de perforación de diamante iniciales que suman 400m, enfocados en extensiones de profundidad de mineralización Cu-Au de alta ley asociadas con estructuras de falla. Se han obtenido aprobaciones para perforar hasta 1,320m desde cuatro sitios, con posibles extensiones según los resultados iniciales y el trabajo en curso.
코퍼코프 리소스(CopperCorp Resources)는 호주 태즈메이니아에 있는 100% 소유의 레이저백 구리-금-희귀 금속 부지에서 주크스 구리-금 탐사(Jukes Cu-Au Prospect)에 대해 두 번째 다이아몬드 천공 홀 JDD002를 시작했습니다. 첫 번째 천공 홀인 JDD001은 214m 깊이에서 완료되었으며, 클로라이트-자철석 변질암대와 황화광물화가 포함된 구역과 교차했습니다. JDD001의 기록 및 샘플링 작업이 진행 중이며, 우선 구역(71-146m)에서 샘플이 이미 실험실에 도착했습니다. 회사는 2-3주 이내에 분석 결과를 예상하고 있습니다. JDD002는 JDD001 아래 70m와 역사적인 지하 작업 아래 120m에서 광물화 확장을 시험하는 것을 목표로 하고 있습니다. 계획된 천공 프로그램은 고법 Cu-Au 광물화의 깊이 확장을 목표로 총 400m에 해당하는 두 개의 초기 다이아몬드 천공 홀을 포함합니다. 초기 결과 및 진행 중인 작업에 따라 최대 1,320m를 네 곳의 장소에서 천공할 수 있는 승인이 완료되었습니다.
CopperCorp Resources a commencé un deuxième trou de forage diamant, JDD002, au Jukes Cu-Au Prospect, sur sa propriété Razorback Copper-Gold-REE détenue à 100% en Tasmanie, Australie. Le premier trou de forage, JDD001, a été achevé à une profondeur de 214m et a intersecté des zones de roche altérée chlorite-magnétite avec minéralisation sulfureuse. L'enregistrement et l'échantillonnage de JDD001 sont en cours, avec des échantillons de la zone prioritaire (71-146m) déjà au laboratoire. L'entreprise s'attend à recevoir les résultats des analyses dans 2 à 3 semaines. JDD002 vise à tester les extensions de minéralisation à environ 70m sous JDD001 et 120m sous les travaux souterrains historiques. Le programme de forage prévu comprend deux premiers trous de forage diamant totalisant 400m, ciblant des extensions de profondeur de minéralisation Cu-Au de haute qualité associées à des structures de faille. Les autorisations sont en place pour forer jusqu'à 1 320m depuis quatre sites, avec des extensions potentielles basées sur les résultats initiaux et le travail en cours.
CopperCorp Resources hat ein zweites Diamantbohrloch, JDD002, am Jukes Cu-Au Prospect auf seinem 100% eigenem Razorback Copper-Gold-REE Grundstück in Tasmanien, Australien, begonnen. Das erste Bohrloch, JDD001, wurde bis zu einer Tiefe von 214m abgeschlossen und schnitt Zonen von Chlorit-Magnetit-Umwandlungsfels mit Sulfidmineralisierung. Das Protokollieren und Probenahmen von JDD001 ist noch im Gange, wobei Proben aus der Vorrangzone (71-146m) bereits im Labor sind. Das Unternehmen erwartet innerhalb von 2-3 Wochen Ergebnisse der geochemischen Analyse. JDD002 zielt darauf ab, die Mineralisierungsverlängerungen etwa 70m unter JDD001 und 120m unter historischen unterirdischen Arbeiten zu testen. Das geplante Bohrprogramm umfasst zwei anfängliche Diamantbohrlöcher mit einer Gesamtbohrtiefe von 400m, die auf die Tiefenerweiterungen hochgradiger Cu-Au-Mineralisierung abzielen, die mit Störungsstrukturen verbunden sind. Genehmigungen liegen vor, um bis zu 1.320m von vier Standorten zu bohren, mit potenziellen Erweiterungen basierend auf den ersten Ergebnissen und der laufenden Arbeit.
- Completion of first diamond drill hole JDD001 to 214m at Jukes prospect.
- Commencement of second diamond drill hole JDD002 targeting deeper mineralization.
- First assay results expected within 2-3 weeks.
- Approvals in place to drill up to 1,320m from four sites.
- Assay results are still pending, creating uncertainty about the extent and grade of mineralization.
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2024) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) ("CopperCorp" or the "Company") is pleased to provide an update on its diamond drilling program1 at the Jukes Zone target area (Jukes prospect) on its
The first diamond drill hole at the Jukes prospect, JDD001 (Figures 3 and 4), was successfully completed to a depth of 214m on 18th September. Drilling of a second diamond drill hole, JDD002, has commenced from the same pad as JDD001 (Figure 4). JDD002 is drilling on the same azimuth as JDD001 but at a steeper angle and will test for extension of mineralisation approximately 70m below JDD001 and 120m below historical underground workings (Jukes No.3 adit - Figure 4).
Logging and sampling of the JDD001 drill core is well underway with samples from priority zone 71-146m already at the laboratory with the remainder of the hole (146-214m) on schedule to be sampled and despatched mid-week. First assay results are anticipated within 2-3 weeks. The Company looks forward to providing further updates as assays are received and drilling progresses.
Geological logging indicates that JDD001 successfully intersected zones of chlorite-magnetite alteration rock with sulphide mineralization. Assay results are awaited to confirm the extent and grade of the mineralization. The JDD001 collar remains cased in order to allow for potential extension of the hole.
The planned drilling program at Jukes comprises an initial 2 diamond drill holes totalling 400m. The drill holes are designed to target depth extensions to high-grade Cu-Au mineralization recently sampled3 in underground historical Jukes No. 3 Main Adit (31.0m @
The Company currently has approvals in place to drill up to 1,320m from 4 drill sites at Jukes and may extend the drill program depending on results of the initial holes and/or other ongoing work (including prospect-scale geophysical data reviews and surface sampling programs).
About the Jukes Prospect
The Jukes prospect is located within the
Previous exploration at the prospect includes limited drilling below historical workings during the 1970's and 1980's that gave a best intercept of 13.4m @
Figure 1. Southern Skyline Project properties and exploration target areas with magnetics TMI RTP image.
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Figure 2. Location of the Razorback property and the Jukes Zone target area relative to the Mt Lyell copper-gold mine. Blue outlines are CopperCorp's
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Figure 3. Jukes prospect summary plan with magnetics reduced to pole (RTP) image underlay showing location of the recently commenced drill hole (JDD001).
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Figure 4. Jukes prospect drill update summary section with 3D inversion model isosurface for magnetics (blue) and gravity (pink) showing drill hole traces of completed and planned initial drill holes.
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Figure 5. Long section through the Mt Lyell copper-gold camp looking east. After New Century Resources 23 Jan 2023 ASX announcement and Sibanye Stillwater website presentation material May 2024.
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About CopperCorp
CopperCorp is focused on the exploration and development of its Skyline, AMC, and Whisky Creek copper-gold-REE projects in western Tasmania. The company is well-financed with approximately C
Qualified Person & National Instrument 43-101 Disclosure
The Company's disclosure of technical or scientific information in this news release has been reviewed and approved by Sean Westbrook, VP Exploration for the Company. Mr. Westbrook is a Qualified Person (QP) as defined in National Instrument 43-101.
Information on historical and recent prospecting, mining, and exploration activities at the Skyline Project group of properties contained within this news release has been reviewed and verified by the Qualified Person. In the opinion of the Qualified Person, sufficient verification of historical and new data has been undertaken to provide sufficient confidence that past exploration programs were performed to adequate industry standards and the data reported is fit for substantiating the prospectivity of the project in general, supporting the geological model/s proposed, planning exploration programs, and identifying targets for further investigation.
This news release contains information about adjacent properties on which the Company does not have an interest. The QP has been unable to verify the information on these adjacent properties and the information is not necessarily indicative to the mineralization on the properties that is the subject of this news release.
References
1CPER: TSXV News Release 11th September 2024
2CPER: TSXV News Release 26th August 2024
3CPER: TSXV News Release 13th May 2024
4CPER: TSXV Interim MDA for the Period Ended June 30 2024, 27th August 2024
Adjacent Property (Mt Lyell) Information Sources:
Sibanye-Stillwater company website information as of May 12th 2024
New Century Resources: ASX Announcement 23rd January 2023
New Century Resources: ASX Announcement 27th October 2021
Seymour, D.B., Green, G.R., and Calver, C.R. 2007. The Geology and Mineral Resource of Tasmania: a summary. Geological Survey Bulletin 72. Mineral Resources Tasmania, Department of Infrastructure, Energy and Resources Tasmania
Contact:
Stephen Swatton
President, CEO & Director
stephen@coppercorpinc.com
Additional information about CopperCorp can be found on its website: www.coppercorpinc.com (Tel: 604-970-8032) and at www.sedar.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation relating the Company's expectations and plans regarding the Skyline Project, Razorback property and Jukes prospect in Tasmania; plans for future exploration and drilling at the Jukes prospect and the timing of same; the merits of the Company's mineral projects and other plans of the Company. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "encouraging", "expects", "plans", "anticipates", "believes", "interpret", "intends", "estimates", "projects", "aims", "suggests", "often", "target", "future", "likely", "pending", "potential", "goal", "objective", "prospective", "possibly", "preliminary" and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur, or other statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and that such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Factors that could cause future results to differ materially from those anticipated in forward-looking statements include risks associated the timing and outcome of the approval process for final granting of the EL11/2024 application; that the Company may experience difficulties in exploration and drilling and carrying out related work; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; possible accidents; the possibility that the Company may not be able to secure permitting and other governmental approvals necessary to carry out the Company's plans; the risk that the Company will not be able to raise sufficient funds to carry out its business plans; the possibility that future exploration results will not be consistent with the Company's expectations; increases in costs; environmental compliance and changes in environmental and other local legislation and regulation; interest rate other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors and exchange rate fluctuations; changes in economic and political conditions; and other risks involved in the mineral exploration industry. The reader is urged to refer to the Company's Management's Discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of risk factors and their potential effects.
Forward-looking statements are based on a number of assumptions, including management's assumptions about the following: the availability of financing for the Company's exploration activities; operating and exploration costs; the Company's ability to attract and retain skilled staff; timing of the receipt of necessary regulatory and governmental approvals; market competition; and general business and economic conditions. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224447
FAQ
What is the current drilling status at CopperCorp's Jukes Cu-Au Prospect?
When are the first assay results expected for CopperCorp's Jukes Prospect?
What is the depth target for the second drill hole JDD002 at the Jukes Cu-Au Prospect?
How much drilling is approved at CopperCorp's Jukes Cu-Au Prospect?
What does the initial drilling program at CopperCorp's Jukes Prospect entail?
