Diamond Drilling Campaign Ongoing At Razorback Property

Diamond Drilling Campaign Ongoing At Razorback Property

VANCOUVER – CopperCorp Resources Inc. reported on its diamond drilling campaign 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 soon. First gold assay results are anticipated within shortly, along with prioritised REE assay results. A full update on SDD007 and any further drilling will be provided once assays have been received and interpreted.

SDD007 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, including 30.0m @ 2.26% TREO from 296m, plus 10.0m @ 3.0% TREO from 307m; and 13.0m @ 1.2% Cu and 0.45g/t Au from 345m.

Geological 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.