CopperCorp Granted New Exploration Licence EL11/2024 Adjacent to Razorback Property
CopperCorp Resources (TSXV: CPER) (OTCQB: CPCPF) has been granted a new exploration licence EL11/2024 (South Linda) in western Tasmania, Australia. The 37km² licence area is located within 2km of the Mt Lyell Cu-Au camp and 2.5km of the Company's Jukes Cu-Au prospect. The new licence expands CopperCorp's Skyline Project to cover 569km² with 92km of combined strike length over the eastern margin of the Mount Read Volcanics.
The licence adjoins the northeastern margin of CPER's Razorback property and is situated over the Linda Transfer Zone structure, which hosts the Mt Lyell Cu-Au system containing 3Mt copper at 1% Cu and 3Moz gold at 0.3g/t Au. The company has completed sampling of drill core from hole JDD002W1 at the Jukes prospect, with all samples now at the laboratory.
CopperCorp Resources (TSXV: CPER) (OTCQB: CPCPF) ha ricevuto una nuova licenza di esplorazione EL11/2024 (South Linda) nell'ovest della Tasmania, Australia. L'area della licenza di 37 km² si trova a meno di 2 km dal campo Cu-Au di Mt Lyell e a 2,5 km dal progetto Cu-Au Jukes della società. La nuova licenza amplia il progetto Skyline di CopperCorp, coprendo 569 km² con una lunghezza totale di 92 km lungo il margine orientale delle Volcaniche di Mount Read.
La licenza si trova adiacente al margine nord-orientale della proprietà Razorback di CPER ed è situata sopra la struttura della Linda Transfer Zone, che ospita il sistema Cu-Au di Mt Lyell contenente 3Mt di rame a 1% Cu e 3Moz d'oro a 0,3g/t Au. La società ha completato il campionamento del nucleo di perforazione del foro JDD002W1 presso il prospect Jukes, con tutti i campioni ora in laboratorio.
CopperCorp Resources (TSXV: CPER) (OTCQB: CPCPF) ha recibido una nueva licencia de exploración EL11/2024 (South Linda) en el oeste de Tasmania, Australia. El área de la licencia de 37 km² se ubica a menos de 2 km del campamento Cu-Au de Mt Lyell y a 2,5 km del prospecto Cu-Au de Jukes de la compañía. La nueva licencia expande el Proyecto Skyline de CopperCorp para cubrir 569 km² con 92 km de longitud combinada a lo largo del margen oriental de las Volcánicas de Mount Read.
La licencia colinda con el margen noreste de la propiedad Razorback de CPER y se sitúa sobre la estructura de la Zona de Transferencia Linda, que alberga el sistema Cu-Au de Mt Lyell que contiene 3Mt de cobre a 1% Cu y 3Moz de oro a 0,3g/t Au. La compañía ha completado el muestreo del núcleo de perforación del pozo JDD002W1 en el prospecto Jukes, con todas las muestras ahora en el laboratorio.
CopperCorp Resources (TSXV: CPER) (OTCQB: CPCPF)는 호주 태즈메이니아 서부의 South Linda에서 새로운 탐사 라이선스 EL11/2024를 부여받았습니다. 37km²의 라이선스 지역은 Mt Lyell Cu-Au 캠프에서 2km, 회사의 Jukes Cu-Au 프로스펙트에서 2.5km 거리에 위치해 있습니다. 새로운 라이선스는 CopperCorp의 스카이라인 프로젝트를 569km²로 확장하며, Mount Read 화산의 동쪽 경계에 걸쳐 92km의 총 광맥을 포함합니다.
이 라이선스는 CPER의 Razorback 자산의 북동부 경계에 인접해 있으며, Mt Lyell Cu-Au 시스템이 있는 Linda Transfer Zone 구조 위에 위치하여 1% Cu의 구리 3Mt 및 0.3g/t Au의 금 3Moz를 포함하고 있습니다. 회사는 Jukes 프로스펙트의 JDD002W1 구멍에서 드릴 코어 샘플링을 완료했으며, 모든 샘플이 현재 실험실에 있습니다.
CopperCorp Resources (TSXV: CPER) (OTCQB: CPCPF) a obtenu une nouvelle licence d'exploration EL11/2024 (South Linda) dans l'ouest de la Tasmanie, Australie. La zone de la licence de 37 km² est située à moins de 2 km du camp Cu-Au de Mt Lyell et à 2,5 km du prospect Cu-Au de Jukes de la société. La nouvelle licence étend le projet Skyline de CopperCorp pour couvrir 569 km² avec 92 km de longueur totale le long de la marge orientale des Volcaniques de Mount Read.
La licence adjoint le bord nord-est de la propriété Razorback de CPER et est située au-dessus de la structure de la Linda Transfer Zone, qui abrite le système Cu-Au de Mt Lyell contenant 3Mt de cuivre à 1% Cu et 3Moz d'or à 0,3g/t Au. L'entreprise a terminé l'échantillonnage du noyau de forage du trou JDD002W1 au prospect Jukes, tous les échantillons étant désormais au laboratoire.
CopperCorp Resources (TSXV: CPER) (OTCQB: CPCPF) hat eine neue Explorationslizenz EL11/2024 (South Linda) im Westen von Tasmanien, Australien, erhalten. Das Lizenzgebiet von 37 km² befindet sich weniger als 2 km vom Cu-Au-Lager Mt Lyell und 2,5 km vom Cu-Au-Projekt Jukes des Unternehmens entfernt. Die neue Lizenz erweitert das Skyline-Projekt von CopperCorp und deckt 569 km² mit einer kombinierten Streckenlänge von 92 km entlang des östlichen Randes der Mount Read-Vulkanite ab.
Die Lizenz grenzt an den nordöstlichen Rand des Razorback-Grundstücks von CPER und befindet sich über der Struktur der Linda Transfer Zone, die das Cu-Au-System von Mt Lyell beherbergt, das 3Mt Kupfer mit 1% Cu und 3Moz Gold mit 0,3g/t Au enthält. Das Unternehmen hat die Probenahme von Bohrkernen aus dem Loch JDD002W1 im Jukes-Projekt abgeschlossen, alle Proben sind nun im Labor.
- Expansion of exploration territory by 37km² in highly prospective area
- Strategic location near Mt Lyell Cu-Au system (3Mt Cu, 3Moz Au)
- Consolidated land holding now covers 92km of strike length
- 5-year renewable exploration licence secured
- None.
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.
The Company is currently undertaking detailed technical reviews of the property, however, preliminary work demonstrates that the EL11/2024 hosts magnetic and gravity anomalies, plus structures and alteration that are consistent with similar significant anomalies within the Razorback-Skyline trend. Planning and permitting is in progress for exploration programs anticipated to commence in 2025.
Expanded Skyline Project
Granting of EL11/2024 has expanded the Company's Skyline Project (Figure 1) group of
Four large-scale mines occur within 10km of the consolidated Skyline Project, all hosted within the MRV - including the Tier 1 Mount Lyell Cu-Au deposit (3 Mt contained Cu and 3 Moz contained Au @
Western Tasmania is an established mining region located within a low-risk, stable jurisdiction with a 150-year exploration and mining history. The region is rich in diverse mineral resources with large-scale multi-generational mines, established infrastructure, local skilled labor, and rail-to-port networks. The region is supplied by
Jukes Prospect Drilling Update (Razorback)
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. The Company looks forward to providing further updates as results are received, validated and interpreted.
Planning and permitting for follow up exploration programs, including geophysical surveys and drilling at Jukes and other priority targets including the Hydes targets in underway.
Figure 1. CopperCorp exploration licences and project areas in western Tasmania.
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Figure 2. Southern Skyline Project properties and exploration target areas with magnetics TMI RTP image.
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Figure 3. Location of the Razorback property and newly granted EL11/2024 relative to the Mt Lyell copper-gold mining lease (red outline). Blue outlines are CopperCorp's
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Option Grant
The Company also announces that it has granted stock options to certain of its directors, officers and consultants to purchase up to 2,600,000 common shares. Each option is exercisable to acquire one common share of CopperCorp at a price of
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 Interim MDA for the Period Ended September 30 2024, 27th November 2024
CPER: TSXV News Release 18th November 2024
CPER: TSXV News Release 15th October 2024
CPER: TSXV News Release 26th August 2024
CPER: TSXV News Release 19th August 2024
CPER: TSXV News Release 13th May 2024
CPER: TSXV News Release 4th March 2024
CPER: TSXV News Release 18th January 2024
CPER: TSXV News Release 15th November 2023
CPER: TSXV News Release 20th September 2023
CPER: TSXV News Release 6th June 2023
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
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.sedarplus.ca.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation relating the Company's expectation and plans regarding the Skyline Project in Tasmania; the granting of exploration licence EL11/2024; 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/233910
FAQ
What is the size and location of CopperCorp's new exploration licence EL11/2024?
How much territory does CPCPF now control in the Skyline Project after the new licence grant?
What are the mineral resources near CPCPF's new exploration licence?
When will CPCPF begin exploration activities on the new EL11/2024 licence?
