CopperCorp Resources Inc. (TSXV: CPER) has commenced a three-hole scout diamond drilling programme at the Skyline Project, located 15km northeast of Queenstown in western Tasmania, Australia.
Highlights
- A three-hole, 750m scout diamond drilling program has commenced at the previously undrilled Dora prospect – a five km long zone of outcropping IOCG style mineralization within the Skyline Project in western Tasmania
- Drilling will test under outcropping mineralization along the Dora trend where previous rock sampling has returned anomalous assays including up to 6.3% Cu, 47.7g/t Au, 250g/t Ag, 2.25% Co, 5.5% Zn, 2.3% Pb, and 839ppm TREO from individual samples
- Dora Prospect is located near two large-scale mines that are within five km of the Skyline project boundary – the Mt Lyell Cu-Au deposit (3Mt Cu and 3Moz Au @1.0% Cu and 0.3g/t Au), and the Henty Au deposit (1.64Moz Au @12.5 g/t Au)
- The drill programme is partially co-funded by the Tasmanian government
“The commencement of a drill programme at a highly mineralized zone close to, and potentially on strike from, a 3Mt/3Moz copper-gold deposit (Mt Lyell, New Century Resources) that has never been drilled before is significant and exciting,” President and CEO, Stephen Swatton, said.
“Our sampling of historical trenches returned spectacular results which replicated previously recognized copper-gold base metal zones coincident within a 5km series of highly magnetic north-northwest trending structures.
“We are also to report that the government of Tasmania has awarded the company a grant to offset drilling and helicopter costs, a strong endorsement of the company and the government’s recognition of the value of mineral exploration to the State’s economy. We will eagerly await assay results from the drilling which we expect in Q2 2023.
“The location of the project is in western Tasmania, a recognized multicommodity mining district, that benefits from cheap 100% renewable power, a skilled labour force and a technical service industry that supports the six nearby operating mines and numerous quarry operations.”
Planned Drill Programme
The planned drilling program comprises three scout diamond drill holes totalling 750m, to be drilled from 2 pad locations approximately one km apart that will test two priority targets (Dora 2 and 3) for IOCG style mineralization. The first drill hole will test the Dora 3 target area, while 2 holes will be drilled from the second pad to test the Dora 2 target area. The program may be extended depending on results of the initially planned holes. The drilling is helicopter-assisted (mobilization, supply, demobilisation).
The first two drill holes of the planned programme were successfully awarded co-funding under the Tasmanian government’s exploration drilling grant initiative (EDGI) scheme. The government contribution to each drill hole is up to A$50,000 for direct drilling costs, plus an additional A$20,000 for helicopter support.
Dora 1 Target Area:
At Dora 1, anomalous assays from outcrop and historical workings occur over a +300m long, approximately 50m wide vein and breccia-matrix mineralized zone adjacent to a mapped quartz-feldspar porphyry intrusive. The mineralization is coincident with a magnetic high feature that extends over one km of strike length. Historical and recent anomalous rock sample assays from the Dora 1 area include:
- 3.2% Cu with 1.44g/t Au, 42 g/t Ag, 1.7% Zn and 0.85% Pb.
- 0.2% Cu with 1.9g/t Au, 16g/t Ag and 885ppm Co.
- Numerous samples ranging 0.25-0.54% Cu, 0.12-0.47g/t Au, 54-88g/t Ag, 146-320ppm Co, 0.2-9.6% Zn, 0.4-2.1% Pb.
Dora 2 Target Area:
Dora 2, which lies adjacent to the southwest of Dora 1, comprises a +200m strike zone of historical small-scale mine workings on mineralization hosted in an intrusive quartz-feldspar porphyry and adjacent altered volcaniclastic rocks. Historical and recent anomalous rock sample assay results from the Dora 2 area include:
- 47.7g/t Au with 3.85% Cu, 2.25% Co, 250g/t Ag and 0.46% Pb with visible erythrite (a cobalt arsenate mineral).
- 6.3% Cu with 2g/t Au, 152g/t Ag, 0.5% Pb and 0.4% Zn.
- 0.5% Cu, with 0.8g/t Au, 115g/t Ag, 5.5% Zn, and 2.3% Pb.
- Multiple samples ranging 0.1-0.4% Cu, 0.1-1.2g/t Au, and 3.0-132g/t Ag, with up to 138ppm Mo, 135ppm U and 836ppm TREO.
Dora 3 Target Area:
The Dora 3 target area comprises an elongate zone, some +500m in strike length (open), of outcropping mineralization in an altered volcaniclastic host rock sequence. Anomalous assays from historical and recent rock sampling in the Dora 3 area include:
- 1.03% Cu with 0.4g/t Au, 21g/t Ag and 0.13% Zn.
- 1.29% Cu with 8.0g/t Ag.
- 0.91% Cu with 0.3g/t Au and 11g/t Ag.
- 0.59% Cu with 0.19g/t Au and 14g/t Ag.
Dora 4 Target Area:
Dora 4 comprises a +800 m long northwest-trending line of outcropping mineralization and historical mine workings. Historical and recent anomalous rock sample assay results from the Dora 4 area include:
- 1.38% Cu with 9.3g/t Ag.
- 0.78% Cu with 7.0g/t Ag and 0.23% Pb.
- 0.68% Cu with 3.4g/t Ag and 0.14% Pb.
- 0.21% Cu with 0.1g/t Au and 15g/t Ag.
- Individual samples with up to 53g/t Ag, 2.4% Zn, 2.6%Pb, 473ppm Co and 608ppm TREO.
For further information please visit: https://coppercorpinc.com/
