CopperCorp Awarded Razorback REE and Cu-Au Project in Tasmania, Australia with Historical Drilling Intercepts of 30.0m @ 2.1% TREO & 13.4m @ 1.6% Cu and 1.6 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2023) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) ("CopperCorp" or the "Company") is pleased to announce that its wholly-owned subsidiary, Georgina Resource Pty Ltd, has been named as the successful recipient for exploration licence EL8/2023 (the "Razorback Project"), located south of the Mt Lyell copper mine in western Tasmania, Australia (see Table 1 and Figure 1). The licence was awarded to the Company following its submission through the state's Exploration Release Area (ERA) competitive application process.
CopperCorp considers the Razorback Project area to be highly prospective for primary rare earth element (REE) and iron oxide-copper-gold (IOCG) style Cu-Au mineralization based upon results of historical drilling within the project area, which include total rare earth oxide (TREO) intercepts of 30.0m @ 2.1% TREO (drillhole SDD005)1, and Cu-Au intercepts including 13.4m @ 1.6% Cu and 1.6g/t Au (drillhole JP2)2. Multiple areas with anomalous REE assays from surface rock chip sampling, including up to 16.2% TREO1, have received limited follow-up exploration, providing a significant opportunity for the Company to generate and develop new REE exploration targets.
