Coppercorp Resources intersects 0.57% copper over 37 metres at AMC, Australia

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Coppercorp Resources Inc. [CPER-TSXV; CPCPF-OTCQB] reported new assay results from seven diamond drill holes at the Alpine prospect, part of its 100%-owned, approximately 1,066 km2 AMC copper project located in the 100% renewable energy state of Tasmania, Australia.

Highlights include high-grade intercepts, including 10.0 metres of 1.2% copper and 4.9 metres of 1.5% copper in AP030, and 5.0 metres of 2.06% copper 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 sulphide mineralization up to 200 metres below previous drill holes.

Copper mineralization at the Alpine Stellar zone has now been defined over a strike length of 600 metres and to a depth of 400 metres 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 500 metres 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.

Sean Westbrook, Vice President of Exploration, commented: “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 Arthur Metamorphic Complex (AMC), which has a strike length of 100km and over which Coppercorp holds a dominant tenement position with 1,066 km2 in granted tenements. The company has identified a pipeline of multiple regional copper and gold exploration target zones along and adjacent to the AMC trend and we look forward to reporting on these in the coming months. Field reconnaissance sampling was recently commenced over high priority regional targets with first assay results expected within 4 to 6 weeks.”

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 500 metres west (the Alpine West zone) and commenced drilling of hole AP037 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.

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.

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.

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 Project.

Coppercorp is a well-financed with approximately C$7.7M in working capital as of September 14, 2022.

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