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CopperCorp Resources, Inc. ( (TSE:CPER) ) has provided an announcement.
CopperCorp Resources has reported high-grade gold and copper assays from initial rock chip sampling at the Marigold Zone on its Razorback property in western Tasmania, with results up to 18.65 g/t gold and 4.67% copper from historical early-20th-century copper workings within an 800m by 200m alteration zone. The Marigold Zone lies on a key stratigraphic contact within the Mount Read Volcanics, the same geological corridor that hosts major deposits such as Henty-Mount Julia and Mt Lyell, and the observed pyrite-sericite alteration closely resembles the alteration halo around Mt Lyell’s Prince Lyell ore body, suggesting potential for a similar copper-gold system; these findings, alongside ongoing drilling at the nearby Jukes prospect, underscore the exploration upside of Razorback and strengthen CopperCorp’s positioning in a highly prospective and well-serviced Tasmanian mining district.
The most recent analyst rating on (TSE:CPER) stock is a Sell with a C$0.10 price target. To see the full list of analyst forecasts on CopperCorp Resources, Inc. stock, see the TSE:CPER Stock Forecast page.
Spark’s Take on TSE:CPER Stock
According to Spark, TipRanks’ AI Analyst, TSE:CPER is a Neutral.
The score is held down primarily by very weak financial performance (pre-revenue, persistent losses, and meaningful cash burn implying ongoing funding needs). Technicals are a partial offset with bullish price positioning above key moving averages and positive MACD, though momentum is nearing overbought levels. Valuation provides limited support given losses and no dividend yield.
To see Spark’s full report on TSE:CPER stock, click here.
More about CopperCorp Resources, Inc.
CopperCorp Resources Inc. is a mineral exploration company focused on copper and gold projects in western Tasmania, Australia, a multicommodity mining district supported by renewable power, skilled labour and established mining services. The company is advancing its Razorback property and nearby prospects in a region that already hosts several significant copper-gold deposits and six operating mines.
Average Trading Volume: 376,682
Technical Sentiment Signal: Hold
Current Market Cap: C$11.9M
See more insights into CPER stock on TipRanks’ Stock Analysis page.