CopperCorp Adds Second Drill Rig at Razorback - Commences Phase 2 Drilling at Jukes Prospect

Executive Summary

• CopperCorp Resources has commenced Phase 2 diamond drilling at the Jukes Cu‑Au prospect on its Razorback property in western Tasmania, adding a second drill rig and targeting a 2,000‑m program.
• Phase 1 intercepts demonstrated significant copper–gold mineralization (e.g., 20 m @ 0.76% Cu & 0.17 g/t Au; 19 m @ 0.86% Cu & 0.48 g/t Au), and Phase 2 aims to test strike‑extension targets north of these holes.
• Recent pole‑dipole IP surveys confirm chargeability anomalies that support the planned drill locations, and drilling at the adjacent Hydes prospect continues.

Key Details

• Program Scope: 5 holes, ~2,000 m total depth, focusing on wide step‑out drilling to test strong IP chargeability anomalies north and along strike of Phase 1 targets.
• Phase 1 Highlights (hole JDD002W1):
• 20.0 m @ 0.76% Cu & 0.17 g/t Au from 498.0 m
• 19.0 m @ 0.86% Cu & 0.48 g/t Au from 529.0 m
• Within a broader intercept of 50.0 m @ 0.66% Cu & 0.27 g/t Au.
• Historical Adit Sampling (King Jukes No. 1):
• 58.0 m @ 0.74% Cu & 0.39 g/t Au, including 18.0 m @ 1.34% Cu & 1.09 g/t Au.
• Current Phase 2 Hole (JDD003): Drilling underway; targets a zone ~300 m north along strike of JDD002W1 and ~150 m beneath the historic adit, replicating the high‑grade intercepts above.
• IP Survey Results: New 7.5 km pole‑dipole IP survey (four lines, 1.5–2.5 km each) shows strong correlation with 1982 Scintrex gradient data across eastern and western chargeability corridors, validating the structural model of a broad Cu‑Au system.
• Hydes Prospect: Drilling ongoing despite winter weather; infrastructure upgrades completed; additional pole‑dipole IP and AMT surveys in progress.
• Strategic Context: Jukes lies ~10 km south of the Mt Lyell copper‑gold camp (3 Mt Cu, 3 Moz Au). CopperCorp aims to discover a tier‑one Cu‑Au system comparable in scale.

Notable Quotes

“The addition of a second rig at Jukes on the Razorback property was planned and marks a significant acceleration in CopperCorp's exploration program… we’re advancing two high‑priority targets in parallel.” – Stephen Swatton, President & CEO, CopperCorp Resources.