Business
CopperCorp Resources Announces Razorback Drilling Update
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - CopperCorp Resources Inc. (TSXV: ...
About this update from Coppercorp Resources, Inc.
[{"type":"text","content":"CopperCorp Resources Announces Razorback Drilling UpdateVancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) (\"CopperCorp\" or the \"Company\") is pleased to provide and update on its diamond drilling campaign1 at the Razorback rare earth and copper property in western Tasmania, Australia.The first diamond drill hole at the South Darwin prospect, SDD007, was designed to test 130-150m beneath high-grade REE-Cu mineralisation intersected in historical hole SDD0052. Hole SDD007 was completed to a depth of 553m on 29th February. Further planned drilling at South Darwin is currently on hold while the Company awaits assay results from SDD007 to optimize the targeting of next drill holes. The drill rig remains onsite and will undergo maintenance during this period.Logging and sampling of SDD007 is well underway with samples from the first 200m of SDD007 already at the laboratory and remaining priority core intervals on schedule to be sampled and despatched during the coming week. First gold assay results are anticipated within 1 to 2 weeks, while prioritised REE assay results are anticipated within 3 to 4 weeks. A full update on SDD007 and any further drilling will be provided once assays have been received and interpreted.Drill Hole SDD007SDD007 was designed to test for depth extensions approximately 130 to 150m below high-grade REE and Cu-Au mineralization intercepted in historical hole SDD0052:SDD005:72.0m @ 1.13% total rare earth oxides (TREO) from 286m, including30.0m @ 2.26% TREO from 296m, including10.0m @ 3.0% TREO from 307m13.0m @ 1.2% Cu and 0.45g/t Au from 345mGeological logging indicates that SDD007 successfully intersected zones of biotite-allanite alteration rock and magnetite-sulphide mineralization characteristic of the REE and Cu-Au zones intersected in SDD005. At this early stage of exploration, visual inspection of the drill core provides limited insight into potential REE contents and assaying is required to confirm the extent and grade of the potential REE mineralized zones intersected.Other Work ProgramsConcurrent with the drilling program, the Company continues to carry out surface mapping and rock sampling programs within the Razorback property (Figure 1), as well as reprocessing and modelling of geophysical data over priority target zones (Darwin...