Copper Road Resources announced 2023 diamond drill results from its 1,250-metre drill program completed in the JR Zone at the 24,000-hectare Copper Road Project, Batchewana Bay, Ontario. The JR Zone is located approximately 8 km from the Tribag Zone which the Company drilled in 2022. The objective was to confirm the lengthy historical intersections of Copper and Molybdenum mineralization within the Jogran Porphyry and to demonstrate additional high-grade Copper mineralization at depth in the Richards Breccia.

Jogran Porphyry: Two drillholes were completed at Jogran Porphyry to test the extent and continuity of the mineralization encountered in previous historical exploration by Jogran Mines and Phelps-Dodge in the early 1960s. The Jogran Porphyry is a quartz monzonite porphyry intrusion with a distinct alteration and mineralization style consistent with alkalic porphyry copper-molybdenum mineralization. Drilling has successfully confirmed the continuity of the copper and molybdenum mineralization in the porphyry over long intervals, beyond what was previously known laterally and at depth, and that the mineralization also extends to the southwest into the mafic volcanics where it is associated with localized and discrete potassic alteration (magnetite and biotite) occurring as haloes adjacent to quartz-carbonate veinlets and as local patches in the mafic volcanics.

J2301: Drilled to test the continuity of the porphyry mineralization beneath historical hole JDH-16 (165 m @ 0.43% Cu Eq). This hole intersected an extensive zone of copper mineralization hosted by the porphyry (0.23% Cu Eq over 342 metres from 8 to 350 metres, including an interval of 0.37% Cu Eq over 29 metres from 69 to 98 metres). Historical drilling had traced the mineralized porphyry to a maximum vertical depth of 180-220 metres below surface.

The current drilling has extended the mineralized porphyry to 320 metres below surface and is still open at depth. The broad intersection at JR-23-01 confirms the presence of near-surface copper mineralization with strong credit mineralization (Mo, Ag, Au) that increases proportionately with the higher copper grades. Copper mineralization extends into the mafic volcanics and appears as consistently mineralized as in the porphyry intrusion, thereby suggesting the presence of a larger intrusive system southwest of the Jogran porphyry (i.e. towards the J2 Roof Zone Cu-in-MMI and magnetic high anomaly).

J2302: Drilled to test the continuity of the porphyry mineralization below historical hole JDH-13 (147 m @ 0.53% Cu Eq). This hole intersected a broad zone of altered quartz monzonite porphyry containing consistent copper mineralization with associated strong molybdenum grades throughout the entire hole (0.35% Cu Eq over 197 metres from 4 to 201 meters including higher-grade intervals of 0.51% Cu Eq over 95 metres and 1.04% Cu over 21 metres). Copper and molybdenum mineralization also extends into the altered mafic volcanics, similar to that seen in J2301, again confirming the potential of higher-grade copper mineralization to the southwest.

Richards Breccia: Richards Breccia is an altered polymictic and clast supported breccia. Clasts consist of altered volcanics, silicified cherty fragments and felsic intrusives. The presence of felsic intrusive clasts in the breccia indicates an emplacement related to an intrusive source at depth.

Four holes were drilled to test the continuity of the mineralization originally drill-tested by Aurogin Resources in 1997 and 1998, with an additional hole testing an area of high Gradient chargeability located approximately 200 metres to the west-northwest of Richards. Drilling successfully extended the breccia 50 to 60 metres vertically below the known mineralization, establishing the vertical extent of mineralization to 130 meters from surface. The breccia is still open at depth and is technically open to the northeast for at least a limited strike extent.

R2301: Drilled to test the vertical extent of the mineralized breccia encountered by historical drillholes AR98-07, AR97-24, and AR97-25. This hole returned grades of 1.17% Cu Eq over 38.63 metres from 76.37 to 115 metres including a higher-grade interval of 2.35% Cu Eq over 10 metres from 98 to 108 metres. True widths are estimated to be 50% of the drill widths reported above.

This hole extended the mineralization to 50 metres vertically below AR97-25. R2302: This hole was designed to test the western strike extent of the breccia but may have been fault-displaced or dyked out by a mapped diabase. The hole did not return any significant mineralization.

R2303: This drillhole tested a historical gradient IP anomaly to the southeast of the breccia. The hole appears to have drilled down a moderately east-dipping fault that is sub-parallel to the trace of the hole, perhaps explaining the weak to moderate IP anomaly, but did not intersect any significant mineralization. The Company continues to analyse the structural framework of the Richards Breccia regarding the negative results of R-23-02 and R-23-03, but it is initially interpreted that the breccia has been fault-displaced to both the east and the west.

R2304: Drilled to test the northeastern extent of mineralized breccia below AR98-07. It returned a composite grade of 1.00% Cu Eq over 50.17 metres from 79 to 129.17 metres. Within this broad zone of mineralization are higher grade zones of copper enrichment containing 1.11% Cu Eq over 40 metres and 2.42% Cu Eq over 8 metres.

This hole has confirmed extension of mineralization to 60 metres vertically below AD98-07. R2305: This hole tested the southeastern edge of a high Gradient IP anomaly located approximately 100 m to the northwest of the mineralized Richards Breccia. It intersected dominantly chlorite-carbonate-pyrite altered mafic volcanics with a few narrow diabase dikes.

Notably, there are scattered patches of sulphide mineralization and associated alteration through out the length of the hole, with discontinuous anomalous copper values greater than 0.1% Cu from 52.0 to 148.0 metres (the hole was not continuously sampled). The zones are characterized by pyrite mineralization in hairline fractures and as disseminations and, to a lesser extent, quartz-calcite veinlets containing chalcopyrite+pyrite±bornite±pyrrhotite. Best results from this hole returned 2.27% Cu Eq over 1.17 metres within a 13-metre-wide interval of 0.35% Cu Eq from 72 to 85 metres.

These results indicate possible proximity to a mineralized porphyry intrusion or breccia pipe that may be centred just to the north and/or just below the drill hole.