High-Grade Copper-Gold Hits Drive Shares Of This Junior Miner Higher

2025-12-18 10:59:00 ET

On a broadly risk-on trading day, a junior mining company added momentum by announcing strong assay results from its copper-gold prospect in Australia. Investors responded positively to the news, driving the company’s shares significantly higher so far today.

CopperCorp Resources Inc. (TSX-Venture: CPER) (OTCQB: CPCPF) announced this morning that it has released its first assay results from Phase 2 drilling at the Jukes copper-gold (Cu-Au) prospect in western Tasmania, Australia. The new results confirm the northern extension of high-grade Cu-Au-Ag mineralization, with several drill holes intersecting mineralization approximately 300 meters beyond previous drilling. Notable intercepts include 9.0 meters grading 0.81% Cu, 0.21 g/t Au, and 6.2 g/t Ag, including a higher-grade section of 2.0 meters at 2.0% Cu, 0.56 g/t Au, and 15.8 g/t Ag. Additional results feature multiple high-grade intervals, including 1.0 meter at 6.95% Cu, 0.53 g/t Au, and 23.4 g/t Ag, and surface channel samples returning 5.0 meters at 3.62% Cu, 0.62 g/t Au, and 32.6 g/t Ag.

The mineralization remains open in all directions, suggesting potential for further strike and depth extensions. This is supported by strong induced polarization (IP) chargeability corridors and anomalous surface geochemistry, indicating that the Jukes prospect continues to be a highly prospective target for CopperCorp’s ongoing exploration program. The results underscore the potential for significant expansion of high-grade Cu-Au-Ag mineralization in the area.

Commenting on the assay results, Stephen Swatton, President and CEO of CopperCorp, stated: "I am extremely encouraged with the progress at Jukes; these latest results continue to improve our understanding of the style and scale of mineralization. Importantly, drilling has now confirmed that high-grade Cu-Au-Ag mineralization occurs repeatedly over significant strike lengths and to significant depths, consistent with our evolving interpretation of a structurally controlled system, with steeply oriented high-grade shoots and veins developed in a broader mineralized enveloped. This style of mineralization shares important characteristics with the nearby 3 million tonne Cu / 3 million ounce Mt Lyell copper-gold mining camp which hosts 22 distinct orebodies, most of which are oriented in vertical pipe-like structures.”

Shares of CPER are currently trading up 13.33% at $0.085, while U.S. listed shares (CPCPF) were unchanged in mid-morning trading.

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