09:30:29 EDT Wed 15 Oct 2025
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Coppercorp Resources Inc
Symbol CPER
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Coppercorp begins phase 2 diamond drilling at Jukes

2025-10-14 18:04 ET - News Release

Mr. Stephen Swatton reports

COPPERCORP ADDS SECOND DRILL RIG AT RAZORBACK - COMMENCES PHASE 2 DRILLING AT JUKES PROSPECT

Coppercorp Resources Inc. has commenced phase 2 diamond drilling at the Jukes copper-gold prospect on its 100-per-cent-owned Razorback property in western Tasmania, Australia. The new program is designed to build on strong results from the 2024 phase 1 drilling at Jukes and advance Coppercorp's goal of discovering a large, tier-one Cu-Au system comparable in scale to the nearby Mt. Lyell mine camp (three million tons contained copper and three million ounces contained gold). The Mt. Lyell operation, located 10 kilometres north of Jukes, produced for more than 120 years and is currently the subject of restart studies by Sibanye-Stillwater aimed at returning the mine to production in the near term.

Highlights

A second drill rig on the Razorback property has been mobilized to the Jukes prospect marking a significant step-up in exploration activity across the Razorback property. Concurrent drilling at Hydes is continuing.

The new rig at Jukes is targeting strike extensions of the copper-gold system confirmed in 2024 phase 1 drilling.

A planned 2,000-metre phase 2 program at Jukes is currently projected to include wide step-out drilling to test strong IP chargeability anomalies located north and along strike from phase 1 drilling. Phase 1 drilling included hole JDD002W1 which intersected:

  • 20.0 m @ 0.76 per cent Cu and 0.17 gram per tonne Au from 498.0 m;

  • 19.0 m @ 0.86 per cent Cu and 0.48 g/t Au from 529.0 m, within a broader intercept of 50.0 m @ 0.66 per cent Cu and 0.27 g/t Au from 498.0 m.

Recent high-definition pole-dipole IP surveys at Jukes confirm historical 1980s strike-extensive chargeability corridors which are interpreted to represent the continuity of mineralization north of previous drilling.

Stephen Swatton, president and chief executive officer of Coppercorp, commented:

"The addition of a second rig at Jukes on the Razorback property was planned and marks a significant acceleration in Coppercorp's exploration program. With one rig continuing at Hydes and another now drilling at Jukes, we're advancing two high-priority targets in parallel. The whole premise of the Razorback drilling campaign is to rapidly test multiple targets of what we believe are pulses of Cu-Au mineralization that rose up cross cutting faults along the regional Tyennan margin fault. To that end current work has identified a further copper zone, Sumpters near Darwin, that will be explored this coming summer.

Mining contributes $2.8-billion (Australian) to the Tasmanian economy each year and accounts for over 60 per cent of its mercantile export earnings. The Tasmanian government support for the local mineral exploration industry is strong and vocal. In tangible benefits it includes fast turnaround times for drill permits (typically four to eight weeks) and provision of significant cash grants for drilling new greenfield targets."

Jukes phase 2 drilling

The planned phase 2 diamond drilling program comprises five holes totalling approximately 2,000 metres. The aim is to expand the known Jukes mineralization footprint and test high-priority IP and geochemical targets along strike from 2024 phase 1 drilling. The program will be expanded as required based on the success of initial drill holes.

Drilling of the first hole, JDD003, is now under way, targeting the northern extension of the mineralized zone intersected in hole JDD002W1, which returned high-grade intercepts of: 20.0 m @ 0.76 per cent Cu and 0.17 g/t Au from 498.0 m, and 19.0 m @ 0.86 per cent Cu and 0.48 g/t Au from 529.0 m, within a broader intercept of 50.0 m @ 0.66 per cent Cu and 0.27 g/t Au from 498.0 m.

The JDD003 target zone is positioned approximately 300 metres north along strike of JDD002W1, and 150 m beneath the historical King Jukes No. 1 main adit, where 1980s channel sampling recorded 3:58.0 m @ 0.74 per cent Cu and 0.39 g/t Au, including a high-grade zone of 18.0 m @ 1.34 per cent Cu and 1.09 g/t Au.

A recently completed pole-dipole IP survey by Coppercorp indicates that the western chargeability anomaly extends beneath the King Jukes adit, providing strong geophysical support for the JDD003 target.

Jukes pole-dipole IP survey results

Coppercorp recently completed a four-line pole-dipole IP survey, totalling approximately 7.5 line-km of coverage, over the Jukes prospect area. The east-west-oriented survey lines, each extending between 1.5 and 2.5 km across, were designed to refine target definition along strike and at depth across both the eastern and western IP chargeability corridors previously identified from historical 1982 Scintrex gradient-array IP data.

Preliminary results indicate that the integration of the new pole-dipole IP survey with the historical 1982 Scintrex gradient array data shows a remarkable degree of correlation across both the eastern and western chargeability corridors at Jukes. This provides strong validation of the geophysical model and supports the interpretation of a broad, structurally controlled Cu-Au system with potential for multiple sulphide zones developed around a magnetite-rich intrusive core.

With phase 2 drilling now under way, the company is testing the northern extension of this system for the first time, and the results of this program will be important in defining the scale and continuity of what is emerging as a significant Cu-Au footprint at Jukes.

Jukes prospect overview

The Jukes prospect is located within the 100 per cent CPER-owned Razorback property, 10 km south of the Sibanye-Stillwater-owned Mt. Lyell copper-gold mining camp (three million tons contained copper and three million ounces contained gold).

Jukes is characterized by strong IP chargeability, magnetic and geochemical anomalies forming a prospective footprint at least 700 m long (open) and 400 m wide, with Cu-Au mineralization confirmed from surface to depths exceeding 500 m vertically.

Previous drilling, including Coppercorp's successful 2024 phase 1 campaign, has to date tested only the southern edge of this extensive footprint, yet delivered strong Cu-Au intercepts, including:

JDD0011,2:

  • 132.0 m @ 0.35 per cent Cu and 0.19 g/t Au from 72.0 m, including:

  • 25.0 m @ 0.75 per cent Cu and 0.4 g/t Au from 72.0 m;

  • 10.1m @ 0.94 per cent Cu and 0.69 g/t Au from 128.5m;

  • 10.0 m @ 0.67 per cent Cu and 0.29 g/t Au from 194.0 m.

JDD002W11:

  • 50.0 m @ 0.66 per cent Cu and 0.27 g/t Au from 498.0 m, including:

  • 20.0 m @ 0.76 per cent Cu and 0.17 g/t Au from 498.0 m;

  • 19.0 m @ 0.86 per cent Cu and 0.48 g/t Au from 529.0 m, including:

  • 2.05 m @ 4.2 per cent Cu and 1.66 g/t Au from 545.4 m.

Historical underground adit channel sampling by Coppercorp also includes:

  • Jukes No.3 main adit (channel sampling) 3:31.0 m @ 1.48 per cent Cu and 0.83 g/t Au, including:

  • 9.0 m @ 2.92 per cent Cu and 1.79 g/t Au.

Hydes exploration update

Drilling continues at the Hydes prospect, where progress has been challenged by extreme winter weather conditions and logistical factors unique to the site. With infrastructure upgrades now largely complete and weather conditions anticipated to improve with the onset of the summer field season, Coppercorp expects increased drilling productivity going forward. Additionally, pole-dipole IP and AMT surveys are also currently under way at Hydes.

About Coppercorp Resources Inc.

Coppercorp is an exploration company focused on the exploration and development of its Skyline and AMC copper-gold-REE (rare earth elements) projects in western Tasmania.

Qualified person and National Instrument 43-101 disclosure

The technical and scientific information in this news release has been reviewed and approved by Sean Westbrook, vice-president exploration for Coppercorp, who is a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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