Junior Copper
Miner from Down Under CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF), Gains on Project
Updates
Investorideas.com (www.investorideas.com) a go-to platform for big investing ideas, including mining stocks
reports on trading for junior miner, CopperCorp
Resources Inc. (TSXV: CPER)
(OTCQB: CPCPF), focused on the exploration and development of its Skyline and
AMC copper-gold-REE Projects in western Tasmania.
The stock made the TSXV top
percentage gainer list on news, currently trading at 0.0800, up 0.0350, gaining
77.7778% for investors. The stock has traded over 1/7 Million shares as of this
report.
Today the company provided an
update on its 100% owned Razorback Copper-Gold-REE property in western
Tasmania, Australia.
Highlights
New 3D inversion modelling of
magnetic and gravity data indicates highly prospective coincident magnetic pipe
and gravity features at the Jukes and Hydes target zones characteristic of IOCG
deposits and with similarities to the Mt Lyell Cu-Au system (3Mt contained
copper at 1% Cu, and 3Moz contained gold at 0.3g/t Au) located along trend
immediately to the north.
The position of these magnetic
and gravity features directly adjacent to large fertile fault structures, and
outcropping magnetite and copper-gold mineralization in both areas is
considered highly prospective.
Drilling access track
construction scheduled to commence at Jukes during late August.
Stephen Swatton, President and
CEO of CopperCorp commented:
"This is 'game changing'
news in terms of our understanding of the potential of the entire Razorback
property. The regional geophysical interpretation that the team have been
working on with consultants clearly shows strong analogies between our
Razorback license with the world class Mt Lyell copper district 20km along
strike to the north.
The spring / summer fieldwork
season has just commenced in Tasmania and the Company plans to release regular
updates of the progress. We will also be releasing details of our anticipated
copper-gold drill program at Jukes soon with the expectation that with further
refining of the geophysics and integration of Jukes data, drill targets at
Hydes will be announced before year end. The permission for drilling at Jukes
is already confirmed and we anticipate future drill permits will again be
issued in a matter of weeks rather than months upon application due to the current
pro-resource sentiment at the Tasmanian State level."
Jukes and Hydes Zones - Large
Scale Magnetitic-Gravity Targets
New data processing and 3D
inversion modelling of magnetic and gravity data shows vertically extensive
pipe-like magnetic features with coincident to off-set residual gravity
anomalies at both the Jukes and Hydes target zone areas. The position of these
magnetic and gravity features directly adjacent to large NW-trending faults in
both areas is considered highly prospective for structurally controlled
mineralized pipes typical of the Mt Lyell system where anomalous gravity
features occur associated with the larger mineralized pipe bodies that have
depth extensive chlorite-magnetite-apatite-biotite alteration zones (e.g.
Prince Lyell and Western Tharsis orebodies - Figure 3).
As previously reported for the
Jukes Zone1, results of 3D inversion modelling show an elongate pipe-like
magnetic high feature with the core of the pipe extending up to 700m in a N-S
direction, and up to 1.4km vertically below outcropping mineralization at
surface (Figures 4 and 6). The magnetic high is coincident with magnetite
bearing Cu-Au mineralization and an enveloping zone of
k-feldspar-magnetite-pyrite alteration sampled at surface1. Results from recent
channel sampling of underground historical workings at Jukes, including 31.0m @
1.48% Cu and 0.83g/t Au1, confirmed high-grade copper-gold potential at the
prospect. Results of 3D gravity inversion modelling has defined a significant
gravity high anomaly located adjacent and partially overlapping the modelled
magnetic pipe at Jukes. The gravity anomaly is slightly NW-SE elongated over a
distance of 1km with average amplitudes between 2.5 to 3.5mGal with a peak of
3.9mGal. The area of the modelled gravity high feature is overlain by cover
sequence rocks and has not been tested by previous exploration.
At the Hydes target zone, a
modelled elongated magnetic pipe feature extends up to 1km vertically and
occurs directly adjacent to and overlapping a circular residual gravity high
anomaly around 1km in diameter with a peak amplitude of 4.6mGal, positioned on
a large NW-trending fault structure (Figures 5 and 6). Historical sampling (BHP
- 1960's) of outcropping chalcopyrite mineralized chloritic schists flanking the
modelled magnetitic feature at Hydes returned 23.0m @ 0.8% Cu (gold not
assayed, see figure 4.). A second and larger gravity anomaly occurs along the
same structural trend approximately 2km to the NW of the magnetic-gravity pair
anomaly at Hydes. This second anomaly is elongated E-W over a distance of 2.4km
and has a peak magnitude of 7.1mGal. The Hydes target zone area remains
untested by drilling.
Recent
news:
https://ca.finance.yahoo.com/news/coppercorp-confirms-further-large-scale-110000608.html
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