CopperCorp Resources - Exploring Copper and More in Tasmania

• CopperCorp Resources is a Canadian company listed on the TSX Venture exchange with copper assets in Tasmania, Australia.
• They hold about 1500 square kilometers across three projects, focusing on iron oxide copper gold (IOCG) deposits and multi-commodity alkaline porphyry projects.
• A new property unexpectedly contains heavy rare earth elements along with copper, enhancing their portfolio.
• Recent drilling results include high copper grades, with significant mineralization found at depth.
• The company is planning to drill deeper holes to assess underground tonnage, considering the costs and seeking potential strategic partners for further exploration‍

About CopperCorp Resources

Copper Corp Resources is listed on the TSX Venture Exchange and has approximately $6 million in cash, giving it significant runway to continue exploration. The company’s flagship project is the Alpine Project, where wide copper intercepts have been recorded that warrant follow-up drilling. Additional projects like Dora, Razorback and Jasper Hills each show potential for copper mineralization, with Razorback also containing rare earths. With four geologists now working in Tasmania, the technical team is actively exploring and evaluating targets.

Interview with CEO Stephen Swatton

Recent Drilling Shows Promise at Alpine

The Alpine project lies in the Arthur Metamorphic Complex, a 100km long belt prospective for iron oxide copper gold (IOCG) deposits. At the end of the most recent drill program, a 90 meter interval averaged 0.5% copper. This included a higher grade upper zone of 1% copper over 24 meters.

According to CEO Stephen Swatton, copper grades improved at depth during drilling. This has the company eager to test Alpine at depths up to 1000 meters. To accomplish this, CopperCorp is considering joint venturing the project to fund additional exploration. Major mining companies have shown interest in the jurisdiction and deposit style.

Upcoming Results from Dora IOCG Project

Outside of Alpine, recent drilling by Copper Corp at the Dora project will soon provide initial results. Dora lies 20-30km east of Alpine in a different belt of IOCG mineralization. Where Alpine is dominated by iron oxide, Dora likely carries more gold and base metals. Surface samples prior to drilling were exceptionally high grade.

Due to weather constraints, only one hole was completed at Dora. However, permitting is underway to bring a helicopter onsite to improve access. This will allow the company to thoroughly test this new greenfields discovery.

Razorback - Rare Earths and Copper

The recently acquired Razorback project lies along the extension of the major Mt Lyell copper deposit. Historic drilling at Razorback encountered both copper and rare earth mineralization. The company will focus initial work on sampling and mapping known copper and REE prospects.

Maintaining Market Awareness

While Copper Corp's projects clearly hold substantial potential, CEO Steve Swatton acknowledges the company must improve communication with investors. With drilling on hold during the Tasmanian winter, work is underway to refine project plans and seek a joint venture partner. Come spring, the company will be poised to release a steady stream of results.

Swat aims to establish CopperCorp as the leading explorer in Tasmania. By applying sound geology and leveraging the favorable mining jurisdiction, he hopes to attract interest from mid and large cap producers. The company's sizable cash position allows it to be selective and patient in seeking a strategic partner.

5 Takeaways for Investors

1. Exploring prospective copper projects in Tasmania, Australia.
2. Recent drilling at Alpine project intercepted wide copper mineralization.
3. Additional projects like Dora and Razorback show potential for copper and rare earths.
4. Strong cash position of ~$6 million provides funding for exploration.
5. Company seeking joint venture partner to advance projects and attract major miners.

Conclusion

With copper fundamentals looking robust and Tasmania hosting known tier 1 deposits, CopperCorp offers speculative exposure to a new copper district. As work progresses, investors should gain better clarity on which projects hold the greatest potential. Keep an eye on drill results and project developments over the coming months.

CopperCorp Resources is actively exploring multiple promising copper targets in Tasmania, Australia. Recent drilling has encountered significant copper mineralization that warrants follow up. With a healthy cash balance, experienced technical team and drill ready projects, the company looks to be in a strong position. Interested investors should follow results closely over the coming months as exploration resumes.