COPPERCORP RESOURCES INC Stock Price, News & Analysis

CopperCorp Resources has secured a Tasmanian Government Exploration Drilling Grant Initiative (EDGI) for drilling at the Jukes prospect within its Razorback Copper-Gold-REE property in western Tasmania. The grant provides up to AUD $70,000 in refunds from 50% of direct diamond drilling costs, plus AUD $20,000 for helicopter support. The company plans a Phase 2 drilling program of up to 2,000m to test strike and depth extensions of known Cu-Au mineralization. Previous drilling results have been promising, with significant intercepts including 132.0m @ 0.35% Cu and 0.19g/t Au from hole JDD001, and 50.0m @ 0.66% Cu and 0.27g/t Au from JDD002W1. The Jukes prospect is located 10km south of the Mt Lyell copper-gold mining camp and shows anomalous IP chargeability, magnetics, and surface geochemistry over a 700m strike length.

CopperCorp Resources has announced significant exploration results from its Hydes prospect within the Razorback Copper-Gold-REE property in Tasmania. Channel sampling revealed high-grade copper-gold mineralization, with notable results of 24m @ 0.74% Cu and 0.36g/t Au, including 14m @ 0.97% Cu and 0.56g/t Au. The area of interest at Hydes has expanded to 2km by 1.5km based on positive geochemistry and geophysical results. The company plans to commence drilling at Hydes and Jukes prospects, with permits expected in the coming weeks. Additional historical copper mineralization was discovered 175m south of the channel sampling. The project benefits from proximity to infrastructure, being located 15km south of Mt Lyell copper mine and 30 minutes from Queenstown. The company is also preparing to drill the Linda Prospect after completing Hydes and Jukes programs.

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) has announced updates on exploration activities at its 100% owned Razorback Copper-Gold-REE property in western Tasmania, Australia. The company is initiating detailed ground gravity surveys in mid-February 2025, focusing on the Jukes, Hydes, South Darwin, and Linda target areas.

The company has received permitting approvals for gridding and IP surveys at Jukes and Hydes. Historical data shows significant IP chargeability anomalies at Jukes extending over +700m strike length. The planned pole-dipole IP surveys will provide imaging to depths of 300-400m below surface.

Extensive surface rock sampling programs are ongoing, with over 200 samples collected since January 2025. The exploration targets show similarities to the nearby Mt Lyell Cu-Au system, which contains 3Mt of copper at 1% Cu and 3Moz of gold at 0.3g/t Au.

CopperCorp Resources has announced significant drilling results from its Jukes prospect at the Razorback property in Tasmania, Australia. The key highlight is drill hole JDD002W1, which intersected 50.0m @ 0.66% Cu and 0.27g/t Au from 498.0m, including high-grade zones of 20.0m @ 0.76% Cu and 19.0m @ 0.86% Cu.

The company identified two large zones of anomalous chargeability through historical IP survey data reprocessing, with the western anomaly extending over 550m and the eastern anomaly spanning 700m. The mineralization is associated with intense chlorite-magnetite alteration in dacitic to rhyolitic volcanic host rocks.

The project's location in Tasmania's mining-friendly region offers advantages including existing infrastructure and 100% renewable grid power.

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) has reported significant visible copper mineralization in drill hole JDD002W1 at the Jukes prospect, Razorback property in Tasmania. Key intersections include 24.4m of visual copper sulphide from 400.0m downhole and 88.7m of visual copper sulphide from 463.3m downhole, including a 48.2m zone of strong visual copper sulphides. The mineralization consists of chalcopyrite associated with magnetite and pyrite, found in dacitic to rhyolitic volcanic host rocks. The company awaits laboratory assays to confirm actual copper content.

CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) has announced promising results from its first drill hole (JDD001) at the Jukes prospect on its Razorback Copper-Gold-REE property in western Tasmania, Australia. The drill hole 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.

Key highlights include:

• 25.0m @ 0.75% Cu and 0.40g/t Au from 72.0m
• 10.1m @ 0.94% Cu and 0.69g/t Au from 128.5m
• 10.0m @ 0.67% Cu and 0.29g/t Au from 194.0m

The company has completed a second drill hole (JDD002) to a depth of 310m and has begun drilling a wedge hole off JDD002. CopperCorp is also developing a new district-scale alteration-mineralization model for the Mt Lyell - Razorback Cu-Au trend, which highlights the prospectivity of four priority exploration target zones in the area.

CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) has been awarded a co-funded grant under the Tasmanian Government's Exploration Drilling Grant Initiative (EDGI) scheme for drilling at the Jukes prospect on its 100% owned Razorback Copper-Gold-REE property in western Tasmania, Australia. The grant allows CopperCorp to apply for a total refund of up to AUD $70,000 from 50% of direct diamond drilling costs incurred in drilling two proposed 200m deep diamond core drill holes.

The company has already commenced diamond drilling at Jukes, with the first drill hole, JDD001, completed to a depth of 214m. A second diamond drill hole, JDD002, has begun from the same pad. These initial drill holes are designed to target depth extensions to high-grade Cu-Au mineralization recently sampled in the historical Jukes No. 3 Main Adit, which yielded 31.0m @ 1.48% Cu and 0.83g/t Au, including 9.0m @ 2.92% Cu and 1.79g/t Au.