COPPERCORP RESOURCES INC. High-grade intercepts, including 10.0m @ 1.2% Cu and 4.9m of 1.5% Cu in AP030, and 5.0m of 2.06% Cu in AP034, indicate the potential for accumulations of higher-grade copper within the larger Alpine Stellar target area, including to depth.
These results continue to define multiple broad, sub-parallel dipping zones of mineralization at the Alpine Stellar zone with average copper grades in the 0.3% to 0.7% range.
Recently completed deep drill holes AP035 and AP036 (assays pending) both successfully intersected intervals of significant visual copper sulphide1 mineralization up to 200m below previous drill holes.
Copper mineralization at the Alpine Stellar zone has now been defined over a strike length of 600m and to a depth of 400m from surface. The mineralization remains open at depth and along strike.
A geological review of the Alpine Stellar zone has commenced ahead of finalizing 3D models that will be used to plan future extension drilling at the Stellar zone.
The drill rig has been relocated to the Alpine West target, located approximately 500m along strike to the west from the Alpine Stellar zone. Drilling of AP037 has commenced on this previously untested target as the first hole of an initial scout drilling program comprising 4 diamond holes at Alpine West.
'The recent drill results from Alpine Stellar zone have delivered strong copper intercepts over significant widths, and importantly, we are starting to see more high-grade intervals from drilling as our knowledge base develops and we vector towards the stronger parts of the Stellar system.
Encouragingly, recent drill holes AP035 and AP036, targeting depth extensions beneath previously drilled mineralization, have both intersected significant intervals of what we think is visible copper sulphide mineralization1. The team eagerly awaits the assay results from these holes, which will be reported once received and reviewed.
The Company is pleased to have commenced drilling at the Alpine West prospect which will represent the first ever drilling at this location, which is approximately 500m west along strike from the Stellar zone. Alpine West is an exciting target with the potential to significantly expand the mineralization footprint at Alpine.
In conjunction with the Alpine West drilling, the exploration team has commenced a geological review of the Stellar zone ahead of finalizing 3D geological models that will form the basis for the next round of drill planning at Stellar. As demonstrated by the recent drill results, the Stellar zone holds excellent exploration upside potential and future work programs will be designed to vigorously pursue this growth upside. In terms of a growth story, it is still early days for Alpine and as can be seen in the drill section figures, increased drill hole density has a marked positive impact on defining higher-grade mineralization zones at Stellar.
On a district scale, it is pertinent to note that the currently drilled Alpine prospect area covers less than 1% of the IOCG prospective
Alpine Prospect Drilling Update
The Company's first round of drilling at the Alpine Stellar zone is now complete, with a total of 16 diamond holes drilled for a total of 5,490m. The Stellar zone drill program comprised infill and step-out holes designed to test the extent and continuity of the mineralizing system and investigate vectors towards targeting high-grade portions of the system.
The drill rig has now moved 500m to the west (the Alpine West zone) and commenced drilling of hole AP037 (Figure 1) targeting a combined magnetic-gravity anomaly and coincident copper in soils anomalous zone interpreted to be a possible strike extension to the Alpine Stellar zone mineralization (refer to previous news release dated
New assay results from 7 drill holes AP028, AP029, AP030, AP031B, AP032, AP033 and AP034 have been received and reviewed. Most holes were successful in intersecting zones of significant copper mineralization (Table 2).
AP028, drilled to 459.9m total length, was designed to test strike extensions to the east of mineralization encountered in hole AP027A (see news release dated
AP029, drilled to 247.0m total length on the same section as AP028, was designed as an infill hole testing mineralization between AP0062 and AP027A5. The drill hole successfully intercepted magnetite-pyrite-siderite ironstone hosted and disseminated, blebby and vein style mineralization returning an intercept of 71.0 @ 0.38% Cu from 133m (Figure 6, see mineralized drill core example in Figure 7).
AP030, drilled to a total length of 364.0m, was drilled as an infill hole between historical drillholes AP0062,4 and AP0132,4. AP030 (Figure 8) successfully intersected multiple zones of mineralization, including 26.2m @ 0.53% Cu from 85.8m, 37.0m @ 0.57% Cu from 181.0m including a high-grade zone of 10.0m @ 1.2% Cu from 185.0m, 8.0m @ 0.25% Cu from 240m, 18.0 @ 0.70% Cu from 307.0m including a high-grade zone of 4.9m @ 1.5% Cu from 312.1m (see example of high-grade drill core in Figure 9).
AP031B, drilled to 424.0m total length, and AP032, drilled to 328.0m total length, were both designed to test for eastern strike extensions of the Stellar zone mineralization. Both holes intersection narrow zones of low to moderate grade copper mineralization including; AP031B: 7.0m @ 0.44% Cu from 227.0m and 4.1m @ 0.34% Cu from 386.0m; and AP032: 6.0m @ 0.13% Cu from 122m, 3.7m @ 0.57% Cu from 136.3m, and 26.0m @ 0.11% Cu from 228.0m. A northwest trending fault (the Duck Creek Fault - Figure 10) is currently interpreted to be truncating or offsetting the eastern extension of the Stellar zone in the vicinity of AP031B and AP032.
AP033, drilled to 429.5m total length, was designed to test down-dip extensions to mineralization encountered in holes AP027A5, AP0172,4, AP0112,4 and AP0042,4 (Figure 3). The drill hole successfully intercepted two zones of mineralization, including 32.5m @ 0.59% Cu from 270.5m, and 82.2m @ 0.33% Cu from 347.3m to end of hole (EOH) including 10.5m @ 0.75% Cu from 419.0m to EOH. The AP033 results extend copper mineralization by approximately 60m down-dip of hole AP017 (24.7m @ 0.52% Cu from 222m) and 240m down-dip of hole AP004 (38.2m @ 0.79% Cu from 57.7m4, including 28.2m @ 1.03% Cu from 58.7m4). AP033 ended in high-grade disseminated, blebby and vein style copper mineralization grading 0.75% Cu over the final 10.5m of the hole but unfortunately the hole had to be terminated due to technical issues associated with fault zones in the upper parts of the hole.
AP034, drilled to 460.0m total length on the same section as AP033, was designed as an infill hole (Figure 3). The hole successfully encountered multiple zones of mineralization, including 31.6m @ 0.64% Cu from 177.7m (including 5.0m @ 2.06% Cu from 187.0m - see examples of high-grade drill core in Figures 4 and 5), 9.0m @ 0.42% Cu from 258.0m, 19.0m @ 0.23% Cu from 285m, 76.0m @ 0.23% Cu from 322m, and 3.0m @ 0.24% Cu from 452m.
AP035 (assays pending), drilled to 447.8m total length, was designed to test down-dip extensions to mineralization encountered in hole AP0244 (including 42.1m @ 0.60% Cu from 55.9m, 6m @ 0.96% Cu from 133m, and 43m @ 0.33% Cu from 157m4). AP035 successfully intercepted variably chalcopyrite1 mineralized ironstone (magnetite-pyrite-hematite-siderite) zones at 217.2 to 232.5m and 241.5 to 255.4m depth down hole (see drill core example in Figure 11), and then intermittent trace to disseminated, blebby and stringer vein style chalcopyrite mineralization zones associated with quartz-siderite alteration and veining to 430.7m downhole (see drill core example in Figure 12). AP035 was terminated due to technical issues associated with a +5m wide graphitic shear zone from 442.4m.
AP036 (assays pending), drilled to 600.1m total length, was designed to test for possible northeast strike extensions to the Stellar zone mineralization at depth below hole AP030 (see above). AP036 successfully intercepted variable intensity (trace to moderate) disseminated, blebby and vein style chalcopyrite1 mineralization zones associated with quartz-siderite alteration and veining from 334.8m to end of hole with zones of chalcopyrite mineralized ironstone (magnetite-pyrite-hematite-siderite) at 336.8 to 341m and 394.3 to 415.2m down hole (see mineralized drill core examples in Figures 13 and 14).
1Note: The Company cautions that with respect to any visible chalcopyrite (copper sulphide) or other visual mineralization indicators, such as the occurrence of other sulphide or oxide minerals, visual observations and estimates are uncertain in nature and should not be taken as a substitute for appropriate laboratory analysis. Laboratory assay results will be reported when they have been received, validated, and interpreted.
Future Program
As the drilling proceeds into the Australian summer the Company will continue to drill the Alpine West zone whilst awaiting the assay results from drill holes AP035 and AP036 from the Alpine Stellar zone. A geological review of the Alpine Stellar zone has commenced ahead of finalizing 3D geological models that will form the basis for the next round of drill planning at Alpine Stellar zone.
In addition to the ongoing exploration work at the Alpine prospect, the Company has commenced field reconnaissance sampling at priority regional exploration target areas within the AMC project and is in the process of planning a maiden drill campaign at the Dora prospect within the Skyline Project6,7 (refer to the Company's news release dated
Contact:
President
CEO & Director
E: stephen@coppercorpinc.com
Manager
Corporate Development & Investor Relations
E: amuir@coppercorpinc.com
T: 604-970-8032
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release includes certain 'forward-looking statements' under applicable Canadian securities legislation relating to drilling results, planned drilling, drilling and exploration programs, the interpretation of drilling results, the merits and potential of the Alpine West prospect and the Stellar zone, mineralization and the potential to expand the mineralization, the definition of higher grade mineralization zones, plans for future exploration and drilling and the timing of same, the use of 3D models to plan future drilling, the receipt of assay results and reporting of same, a maiden drill campaign at the Dora prospect within the
Factors that could cause future results to differ materially from those anticipated in forward-looking statements include risks associated with exploration and drilling; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; possible accidents; the possibility that the Company may not be able to secure permitting and other governmental approvals necessary to carry out the Company's plans; the risk that the Company will not be able to raise sufficient funds to carry out its business plans; the possibility that future exploration results will not be consistent with the Company's expectations; increases in costs; environmental compliance and changes in environmental and other local legislation and regulation; interest rate and exchange rate fluctuations; changes in economic and political conditions; and other risks involved in the mineral exploration industry. The reader is urged to refer to the Company's Management's discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of risk factors and their potential effects.
Forward-looking statements are based on a number of assumptions, including management's assumptions about the following: the availability of financing for the Company's exploration activities; operating and exploration costs; the Company's ability to attract and retain skilled staff; timing of the receipt of necessary regulatory and governmental approvals; market competition; and general business and economic conditions. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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