CopperCorp Confirms Significant Outcropping Mineralization at Hydes and Commences Ground Gravity Surveys at Razorback
CopperCorp Resources (TSXV: CPER) (OTCQB: CPCPF) has announced significant developments at its Razorback Copper-Gold-REE property in western Tasmania, Australia. Field crews have successfully located outcropping copper mineralization at the Hydes prospect, where historical BHP surface sampling returned 23.0m @ 0.8% Cu in the 1960s.
The company has initiated ground gravity surveys at the Jukes and Hydes priority target areas, with plans to extend to South Darwin and Linda targets. The surveys will provide higher resolution data at 200m to 400m spacing, improving upon existing 1000m spacings. At Hydes, which remains undrilled, a magnetic pipe feature extends up to 1km vertically, coinciding with a circular gravity anomaly.
Additionally, CopperCorp has engaged ICP Securities for automated market making services at C$7,500 monthly, starting February 18, 2024, for an initial four-month term.
CopperCorp Resources (TSXV: CPER) (OTCQB: CPCPF) ha annunciato sviluppi significativi nel suo progetto di rame-oro-REE Razorback, situato nella Tasmania occidentale, Australia. Le squadre di lavoro hanno trovato con successo mineralizzazione di rame affiorante presso il prospetto Hydes, dove campionamenti storici della BHP avevano restituito 23,0m @ 0,8% di Cu negli anni '60.
L'azienda ha avviato sondaggi di gravità terrestre nelle aree prioritarie di Jukes e Hydes, con piani di estensione verso i target di South Darwin e Linda. I sondaggi forniranno dati ad alta risoluzione con spaziature di 200m a 400m, migliorando le attuali spaziature di 1000m. Presso Hydes, che rimane non perforato, una caratteristica di tubo magnetico si estende fino a 1km in verticale, coincidente con un'anomalia di gravità circolare.
Inoltre, CopperCorp ha ingaggiato ICP Securities per servizi automatizzati di market making a C$7.500 mensili, a partire dal 18 febbraio 2024, per un termine iniziale di quattro mesi.
CopperCorp Resources (TSXV: CPER) (OTCQB: CPCPF) ha anunciado desarrollos significativos en su propiedad Razorback de cobre-oro-REE en Tasmania occidental, Australia. Los equipos de campo han localizado con éxito mineralización de cobre aflorante en el proyecto Hydes, donde muestreos históricos de BHP devolvieron 23,0m @ 0,8% Cu en la década de 1960.
La empresa ha iniciado encuestas de gravedad terrestre en las áreas objetivo prioritarias de Jukes y Hydes, con planes de extenderse a los objetivos de South Darwin y Linda. Las encuestas proporcionarán datos de mayor resolución con espaciamientos de 200m a 400m, mejorando los espaciamientos existentes de 1000m. En Hydes, que permanece sin perforar, una característica de tubo magnético se extiende hasta 1km verticalmente, coincidiendo con una anomalía de gravedad circular.
Además, CopperCorp ha contratado a ICP Securities para servicios automatizados de creación de mercado a C$7,500 mensuales, a partir del 18 de febrero de 2024, por un término inicial de cuatro meses.
카퍼코프 리소스 (TSXV: CPER) (OTCQB: CPCPF)는 호주 태즈메이니아 서부의 레이저백 구리-금-REE 자산에서 중요한 발전을 발표했습니다. 현장 팀은 하이드스 전망에서 구리 광물화가 노출된 것을 성공적으로 발견했으며, 1960년대 BHP의 표면 샘플링에서는 23.0m @ 0.8% Cu가 반환되었습니다.
회사는 주크스 및 하이드스 우선 목표 지역에서 중력 조사 작업을 시작했으며, 남다윈 및 린다 목표로 확장할 계획입니다. 이 조사는 200m에서 400m 간격으로 더 높은 해상도의 데이터를 제공하여 기존의 1000m 간격을 개선할 것입니다. 하이드스는 아직 드릴링되지 않았으며, 자기 파이프 기능이 수직으로 최대 1km까지 연장되어 있으며, 원형 중력 이상과 일치합니다.
또한, 카퍼코프는 2024년 2월 18일부터 초기 4개월 기간 동안 월 C$7,500에 자동화된 시장 조성 서비스에 대해 ICP 증권과 계약을 체결했습니다.
CopperCorp Resources (TSXV: CPER) (OTCQB: CPCPF) a annoncé des développements significatifs sur sa propriété Razorback de cuivre-or-REE dans l'ouest de la Tasmanie, Australie. Des équipes de terrain ont réussi à localiser des minéralisations de cuivre en affleurement au projet Hydes, où des échantillonnages de surface historiques de BHP avaient donné 23,0 m @ 0,8 % Cu dans les années 1960.
L'entreprise a lancé des enquêtes de gravité au sol dans les zones cibles prioritaires de Jukes et Hydes, avec des plans d'extension vers les cibles de South Darwin et Linda. Les enquêtes fourniront des données de plus haute résolution avec des espacements de 200 m à 400 m, améliorant les espacements existants de 1000 m. À Hydes, qui reste non foré, une caractéristique de tuyau magnétique s'étend jusqu'à 1 km verticalement, coïncidant avec une anomalie de gravité circulaire.
De plus, CopperCorp a engagé ICP Securities pour des services de création de marché automatisés à 7 500 CAD par mois, à partir du 18 février 2024, pour une période initiale de quatre mois.
CopperCorp Resources (TSXV: CPER) (OTCQB: CPCPF) hat bedeutende Entwicklungen in seiner Razorback Kupfer-Gold-REE-Liegenschaft im westlichen Tasmanien, Australien, bekannt gegeben. Die Feldteams haben erfolgreich Kupfermineralisierungen an der Hydes-Prospekt lokalisiert, wo historische Oberflächenproben von BHP in den 1960er Jahren 23,0 m @ 0,8 % Cu ergaben.
Das Unternehmen hat Boden-Schwerefelduntersuchungen in den priorisierten Zielgebieten Jukes und Hydes initiiert, mit Plänen zur Erweiterung auf die Ziele South Darwin und Linda. Die Untersuchungen werden Daten mit höherer Auflösung im Abstand von 200 m bis 400 m liefern, was eine Verbesserung der bestehenden 1000 m Abstände darstellt. In Hydes, das noch nicht gebohrt wurde, erstreckt sich ein magnetisches Rohrmerkmal bis zu 1 km vertikal und fällt mit einer kreisförmigen Schwereanomalie zusammen.
Darüber hinaus hat CopperCorp ICP Securities für automatisierte Marktgestaltung zu monatlichen Kosten von 7.500 CAD engagiert, beginnend am 18. Februar 2024, für einen anfänglichen Zeitraum von vier Monaten.
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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
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 HydesGravity 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 @
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.
As previously announced1, 3D inversion modelling of magnetic and gravity data indicates highly prospective coincident magnetic pipe and gravity features at the Jukes and Hydes prospect areas characteristic of IOCG deposits and with similarities to the Mt Lyell Cu-Au system (3Mt contained copper at
Recent drilling by CopperCorp at the Jukes prospect2 confirmed significant Cu-Au mineralization associated with chlorite-magnetite alteration flanking an elongate pipe-like magnetic high feature with the core of the pipe extending up to 700m in a N-S direction, and up to 1.4km vertically below outcropping mineralization at surface. 3D gravity inversion modelling based on wide-spaced historical gravity survey data defined a significant gravity high anomaly located adjacent and partially overlapping the modelled magnetic pipe at Jukes. The area of the modelled gravity high feature is overlain by cover sequence rocks and remains untested by drilling. It is anticipated that higher resolution data from the current gravity survey will enable higher confidence drill targeting to test the gravity feature.
The position of the magnetic and gravity features at Hydes and Jukes lies directly adjacent to large NW-trending faults and is considered to indicate potential for highly prospective structurally controlled mineralized pipes typical of the Mt Lyell system where anomalous gravity features occur associated with the larger mineralized pipe bodies that have depth extensive chlorite-magnetite-apatite-biotite alteration zones (e.g. Prince Lyell and Western Tharsis orebodies).
Next Steps - Gridding and Drill Hole Planning
Line cutting crews for gridding at both Hydes and Jukes have been engaged and are anticipated to commence work during March. It is anticipated that commencement of IP surveys will follow completion of the grid cutting.
Planning and permitting is currently underway for follow-up drilling at the Jukes prospect and possible maiden drill testing at Hydes. Results from the detailed ground gravity surveys as well as the upcoming IP surveys will be used to inform and refine additional future drill planning at the prospects.
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 priority target zones relative to the Mt Lyell copper-gold mine. Blue outlines are CopperCorp's
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Figure 3. Jonathan Davis, Project Geologist standing next to outcropping chalcopyrite in chlorite altered volcanics at the rediscovered overgrown 1960's BHP Hydes sample site.
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Figure 4. Example of chalcopyrite mineralization in chlorite altered host rocks from recently located outcrop at the Hydes prospect.
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Figure 5. Jukes Zone area with complete bouguer anomaly (CBA), 20km high-pass (HP20km) residual gravity image, TMI 1VD magnetic contours, and recent CopperCorp drilling results.
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Figure 6. Hydes Zone area with complete bouguer anomaly (CBA), 20km high-pass (HP20km) residual gravity image and TMI 1VD magnetic contours.
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Figure 7. Hydes and Jukes Zone area long section (looking towards WNW) with current 3D inversion magnetic susceptibility (teal) and gravity/density (pink) model iso-surface shells.
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ICP Securities Inc Engaged for Automated Market Making Services
The Company is pleased to announce that it has engaged the services of ICP Securities Inc. ("ICP") to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture and other applicable legislation. ICP will be paid a monthly fee of C
ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.
ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.
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.
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 26th August 2024
2CPER: TSXV News Release 19th December 2024
3CPER: TSXV Interim MDA for the Period Ended September 30 2024, 27th November 2024
CPER: TSXV News Release 16th December 2024
CPER: TSXV News Release 18th November 2024
CPER: TSXV News Release 15th October 2024
CPER: TSXV News Release 25th September 2024
CPER: TSXV News Release 11th September 2024
CPER: TSXV News Release 13th May 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 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 planned exploration work programs; that the Company may experience difficulties in exploration 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/241258
FAQ
What copper mineralization was discovered at CPCPF's Hydes prospect in Tasmania?
What are the dimensions of the magnetic pipe feature at CPCPF's Hydes prospect?
What is the spacing of CPCPF's new gravity surveys at Razorback?
How much is CPCPF paying for ICP Securities' market making services?
What are CPCPF's next exploration steps at the Razorback property?
