CopperCorp’s (TSXV:CPER) (OTCQB:CPCPF) Rock Chip Sampling Returns up to 16.45% copper, 10.1 g/t gold, 37.9% zinc + lead, 612 g/t silver, and 1.05% tin at Jasper Hills Prospect, Tasmania
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CopperCorp Resources (TSXV:CPER) (OTCQB:CPCPF) has reported high-grade polymetallic assays from reconnaissance rock chip sampling at its Jasper Hills prospect.
The Jasper Hills prospect is one of multiple new exploration target areas recognized within the company's AMC Project located in the 100% renewable energy state of Tasmania, Australia.
It is located approximately 10km east of the operational Savage River magnetite mine and approximately 35km northeast of the company’s Alpine prospect.
The prospect area is accessed by sealed bitumen road to within 1.5km and then by a network of unsealed 4WD tracks, with electrical transmission lines passing by the prospect area along the main access road.
CopperCorp geologists carried out reconnaissance mapping and grab rock chip sampling from rock dumps, outcrops, and surface rock float in and around historical small-scale mine workings and prospects throughout the Jasper Hills area.
Out of the 45 rock samples, 27 were collected over areas of historical copper-gold prospects.
The red outline represents >200ppm Cu in soil anomaly.
Another 18 were collected over areas of historical silver (base metal) prospects.
Assay results from the sampling confirm the presence of highly anomalous copper-gold and zinc-lead-silver-tin mineralization systems at Jasper Hills.
14 of the 27 rock chip samples from the copper-gold mineralization zones returned assay results in excess of 1% Cu, typically with coincident anomalous gold and silver values.
Best sample assays include 16.5% Cu with 0.23g/t Au and 133g/t Ag, 14.4% Cu with 1.34g/t Au and 129g/t Ag, 3.12% Cu with 2.08g/t Au and 40g/t Ag, and 1.67% Cu with 10.1g/t Au.
10 of the 18 rock chip samples from the base metals prospect areas at Jasper Hills returned assay results in excess of 8% Zn+Pb with coincident anomalous silver and tin values.
Best sample assays include 30.0% Zn with 7.9% Pb, 612g/t Ag and 0.83% Sn, 10.25% Zn with 6.77% Pb, 320g/t Ag and 0.34% Sn, and 6.67% Zn with 3.89% Pb, 202g/t Ag and 1.05% Sn.
Sean Westbrook, Vice President of Exploration, stated: "Jasper Hills is the first regional exploration target that the Company has tested at the AMC Project outside of the flagship Alpine prospect and the confirmation of significant high-grade polymetallic mineralization from the first pass sampling is highly encouraging and warrants follow-up exploration. The results are interpreted to represent two distinct metallogenic events that have overlapped in close proximity. In a mineral province renowned for its diversity of deposit styles, these early results at Jasper Hills reaffirm the Company's belief in the district-scale potential of the AMC project to host significant new discoveries."
Stephen Swatton, President and CEO, added: "The results of the regional review and targeting exercise support our earlier interpretations for a prospective district-scale Cu-Au corridor along the Arthur Metamorphic Complex (AMC) and adjacent areas, including IOCG and volcanogenic style targets, and will underpin our regional exploration strategy for the AMC Project where significant widths of copper mineralization have already been intersected in drilling at the Company's Alpine prospect. With approximately C$6.0M in cash the Company's strategy is to continue with its plan to drill Alpine in a cost-effective manner while undertaking targeted exploration within the AMC and Skyline Projects at prioritized areas."
The shares are trading at $0.15.
For more information on the company’s other projects, please visit the company’s website www.CopperCorpInc.com, contact Stephen Swatton, President and CEO, by email at stephen@CopperCorpInc.com, or Alexander Muir, Manager, Corporate Development and Investor Relations, at 604-970-8032 or by email at AMuir@CopperCorpInc.com.
