VANCOUVER - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) ('CopperCorp' or the 'Company') is pleased to provide an update on its two large district sized exploration tenements in Tasmania, the Arthur Metamorphic Complex Project and the Skyline Project, including a review of current and planned fieldwork.
Highlights
The drilling program at Alpine will be expanded from 4,200m to 10,000m to enable continued testing of the Alpine Stellar zone and first drilling into the new high-priority step-out targets
First assay results from CopperCorp's drilling at the Stellar zone are being received and are currently under review prior to release
CopperCorp continues a strategy to increase the mineralization footprint at Alpine towards developing a mineral resource, while also developing and advancing its pipeline of high quality greenfields exploration targets towards drilling
First pass soil geochemistry survey identifies multi-element soil anomalism over the Alpine West geophysical target, directly along strike from known Iron Oxide Copper Gold (IOCG) style mineralization at the Stellar zone
New 3D geophysical modelling of gravity and magnetic data confirms potential for a large scale IOCG system at Alpine with new drill targets identified
Several high-priority regional exploration targets identified within both the AMC and Skyline Project areas, with reconnaissance field work commenced and planning and permitting for ground and drilling exploration programs underway
The Company is building its team to support this activity and anticipates hiring at least two more geoscientists in the next several weeks.
Stephen Swatton, President and CEO of CopperCorp, stated, 'As we await initial drilling results from the Alpine-Stellar target, I am very encouraged by the work we have completed so far. Approximately 80% of drill holes have now been submitted to the laboratory. Our initial objectives at Alpine were to build off near surface copper mineralization encountered by historical drilling and begin stepping out along strike. Additional surface work and interpretation of geochemistry and regional geophysics has generated multiple new drill targets in the area, leading to our decision to increase our drill program to 10,000 metres. Coupled with acquiring a second drill rig we are also aiming to start drilling in a manner designed to support an initial resource estimate at Alpine-Stellar in 2023'.
About AMC Project
The AMC Project covers a total of 1,066 km2 along approximately 100 km of strike length and establishes CopperCorp as the dominant owner of prospective ground in the district. The rocks are Neoproterozoic-Cambrian age and comprise a regional-scale metamorphic structural deformation zone that is host to widespread magnetite-sulphide-silicate alteration and mineralization indicative of a large Iron Oxide Copper Gold (IOCG)-style system and includes the Savage River 498 Mt @ 46% DTR magnetite mine (owned by Grange Resources Limited)2 and CopperCorp's Alpine copper prospect.
The Alpine prospect is located 30 km northwest of the local mining hub of Zeehan and within 5 km of two large-scale operating wind and hydro-electric renewable energy plants.
About Skyline Project
The Skyline Project comprises 2 exploration licenses covering a total of 334 km2 of prospective ground along the eastern margin of the highly mineralized Cambrian calc-alkaline volcanic arc of the Mount Read Volcanics belt. Two large-scale operating mines lay within 5 km of the project - the Mt Lyell Cu-Au deposit (total resource 3 Mt Cu and 3 Moz Au @ 1.0% Cu and 0.3g/t Au)3, and the Henty Au deposit (1.64 Moz Au @ 12.5 g/t Au)3. The area is considered prospective for magmatic-hydrothermal IOCG style deposits. The Company is currently preparing to commence field exploration programs over high-priority targets at Skyline. A NI43-101 Technical Report is being prepared for filing and further information on this project will be provided in upcoming news releases.
The Skyline prospect is located 10 km northeast of the local mining town of Queenstown and with 10km of operating hydro-electric renewable energy projects.
About the Western Tasmanian Mining Industry
Western Tasmania is an established mining region located within a low-risk, stable jurisdiction with a long, 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 100% renewable energy.
About CopperCorp
CopperCorp is a well-financed mineral exploration company with approximately C$9.8M targeting world class copper-gold discoveries in western Tasmania, Australia. The Company is currently undertaking confirmation and infill drilling and ground exploration programs at the Alpine Prospect (our initial target on the larger AMC Project, formerly the Alpine Project) where wide spaced historical drilling delineated IOCG-style mineralization over a 700m strike length.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release includes certain 'forward-looking statements' under applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements in this news release include, but are not limited to, statements regarding: that the drilling program at Alpine will be expanded from 4,200m to 10,000m to enable continued testing of the Alpine Stellar zone and first drilling into the new high-priority step-out targets; CopperCorp continues a strategy to increase the mineralization footprint at Alpine towards developing a mineral resource, while also developing and advancing its pipeline of high quality greenfields exploration targets towards drilling; the Company is building its team to support this activity and anticipates hiring at least two more geoscientists in the next several weeks; that the Company is aiming to start drilling in a manner designed to support an initial resource estimate at Alpine-Stellar in 2023; planning and permitting for the additional drilling is underway and the Company is seeking a second drill rig to support an expanded program; the Company will carry out follow-up field checking and sampling at Alpine West and further infill sampling is planned across the wider Alpine grid - including at Alpine North; further details on the regional exploration targets and planned programs will be provided in upcoming news releases; in addition to the expanded exploration program at Alpine, CopperCorp plans to undertake exploration programs over high-priority regional exploration targets in both the AMC and Skyline Project areas, and such work programs will include mapping, gridding, soil sampling, and magnetic and gravity geophysical surveys which have been highly effective at delineating mineralization targets at Alpine; that these planned exploration activities will be designed to advance high-priority targets towards commencing drill testing in Q4 2022, subject to permitting and drill rig availability; that a NI43-101 Technical Report in respect of the Skyline Property is being prepared for filing and further information on this project will be provided in upcoming news releases and other business plans of the Company. 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, including risks related to: that the Company may experience difficulties in 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, and other risks and uncertainties. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. There can be no assurance that such statements will prove to be accurate, as 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. 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.
Contact:
Tel: +1 604 970 8032
Email: info@coppercorpinc.com
COPPERCORP RESOURCES INC. 
