CopperCorp Samples up to 18.6 g/t Au and 4.6% Cu from Rock Chips at Marigold Zone, Razorback Property
High-grade reconnaissance results at Marigold Zone expand Tasmanian footprint as Jukes drilling enters critical assay phase.
The January 27, 2026, news release reports high-grade reconnaissance rock chip sampling results from the Marigold Zone within the Razorback property in Tasmania. Peak assays reached 18.65 g/t Au and 4.67% Cu. Management identifies the lithology and alteration as analogous to the middle-upper levels of the world-class Mt Lyell system. Simultaneously, the company provided an operational update on the Jukes prospect, where hole JDD007 has reached 112m, and assays for holes JDD005 and JDD006 remain pending. Additionally, the company entered a six-month marketing agreement with Capital Analytica involving a $150,000 fee and 200,000 stock options.
- Exploration Upside: The rock chip samples (18.65 g/t Au) are significantly higher than previous surface results and suggest a new high-grade gold-dominant target (Marigold) adjacent to known copper-gold prospects. This diversifies the exploration risk across the Razorback property.
- Operational Continuity: The use of two drill rigs since November 2024 indicates an aggressive push to define a resource. The pending assays for JDD005 and JDD006 are the primary near-term catalysts.
- Financial Drain: The $150,000 marketing expenditure, representing nearly 5% of the company's last reported cash balance, suggests management is aggressively seeking to increase market awareness, possibly ahead of a future capital raise.
- Management Change: The stepping down of Sean Westbrook as VP Exploration in December 2025 is a transition to watch; while he remains a director, CEO Swatton has taken the lead on geological supervision.
CopperCorp is focused on copper-gold-REE exploration in Western Tasmania, Australia. Its flagship is the Razorback Property, which is 100% owned and located 10km south of the Mt Lyell mining camp (3Mt Cu, 3Moz Au). The primary prospects are Jukes (confirmed Cu-Au mineralization over 700m strike), Hydes (undrilled gravity/magnetic anomalies), and the newly identified Marigold Zone.