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CopperCorp Officially Granted Razorback Cu-Au-REE License in Tasmania, Plans Drill Campaign for Q4 2023
Vancouver, British Columbia--(Newsfile Corp. - September 20, 2023) - CopperCorp Resources Inc. (T...
About this update from Coppercorp Resources, Inc.
[{"type":"text","content":"CopperCorp Officially Granted Razorback Cu-Au-REE License in Tasmania, Plans Drill Campaign for Q4 2023Vancouver, British Columbia--(Newsfile Corp. - September 20, 2023) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) (\"CopperCorp\" or the \"Company\") is pleased to announce that it has been granted new exploration license application EL8/2023 (Razorback) located in western Tasmania, Australia. The Razorback property and existing EL16/2018 (Walford Peak) and EL24/2020 (High Tor) properties have been consolidated into an expanded Skyline Project to form a district-scale Cu-Au-REE opportunity. HighlightsNewly granted EL8/2023 (Razorback) property comprises 171km2, located directly south along strike of the Mt Lyell copper-gold mine (approximately 3Mt contained copper and 3Moz gold).Highly anomalous Cu-Au and REE mineralization in previous drill hole intercepts include:30.0m @ 2.1% TREO (Total Rare Earth Oxides) from 297m, including 5m @ 3.03% TREO from 311m (SDD005, South Darwin prospect)1Within this 30.0m intersection high-value magnet rare earth oxides (MREO) comprise 25% of the TREO (0.53% MREO)13.0m @ 1.2% Cu and 0.45g/t Au from 345m (SDD005, South Darwin prospect)113.4m @ 1.6% Cu and 1.6g/t Au from 61.6m (JP02, Jukes prospect)1Drill targeting and planning underway with drilling anticipated to commence in Q4, 2023 subject to permitting, approvals and availability of drill rigs. High-value magnet rare earth oxides (MREO), including neodymium (Nd) and Praseodymium (Pr) confirmed in South Darwin prospect REE mineralization.Multiple highly prospective REE and Cu-Au target areas identified as priority exploration targets. Re-sampling of historical drill core has commenced - the majority of historical drill holes were not systematically assayed for REEs.The expanded Skyline Project now comprises three 100%-owned exploration licenses covering a combined area of 504km2 consolidating the Company's land holding over a district-scale IOCG system with affinities to the Candelaria IOCG region in Chile. Stephen Swatton, President and CEO of CopperCorp, commented: \"The granting of Razorback provides an extremely important and significant addition to CopperCorp's precious and base metals portfolio. Historical drilling at the Darwin zone has discovered high grade Cu-Au-REE mineralization with high grade intercepts of up to 30m @ 2.1%...