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CopperCorp Resources, Inc. ( (TSE:CPER) ) has shared an announcement.
CopperCorp Resources has reported initial Phase 2 drilling results from its Jukes copper-gold prospect in western Tasmania, confirming a northern extension of high-grade copper-gold-silver mineralization roughly 300 metres along strike from earlier holes. The first two diamond drill holes of the program, JDD003 and JDD004, returned multiple high-grade intercepts at depth and were complemented by strong surface channel samples, with mineralization remaining open in all directions and supported by geophysical and geochemical anomalies. Management says all Jukes holes drilled to date have intersected zones of high-grade mineralization over more than 500 metres of vertical extent, underscoring the potential for a structurally controlled system similar in style to the nearby Mt Lyell camp and supporting the longer-term goal of defining a NI 43-101-compliant resource that could bolster both the company’s growth prospects and Tasmania’s mining-based economy.
Spark’s Take on TSE:CPER Stock
According to Spark, TipRanks’ AI Analyst, TSE:CPER is a Neutral.
CopperCorp Resources, Inc. faces significant financial challenges with no revenue and consistent losses. The stock’s technical analysis suggests bearish momentum, but recent corporate discoveries offer potential growth. Valuation is unattractive due to negative earnings, though the promising resource find at Razorback could be a future catalyst.
To see Spark’s full report on TSE:CPER stock, click here.
More about CopperCorp Resources, Inc.
CopperCorp Resources Inc. is a Vancouver-based mineral exploration company focused on copper-gold projects in western Tasmania, Australia. Listed on the TSX Venture Exchange and OTCQB, the company is targeting high-grade copper, gold and silver systems in a region that hosts established operations such as the Mt Lyell copper-gold mining camp, positioning itself as an emerging explorer in a historically productive mining jurisdiction.
Average Trading Volume: 354,480
Technical Sentiment Signal: Sell
Current Market Cap: C$8.92M
Find detailed analytics on CPER stock on TipRanks’ Stock Analysis page.