CopperCorp Resources Inc. announced an exploration update on its recently granted and 100%-owned exploration licence EL15/2022 (Whisky Creek) located in northern Tasmania, Australia. Highlights. Review of historical exploration data and drill core from the recently granted1 243km2 EL15/2022 ("Whisky Creek") has confirmed excellent potential for sediment-hosted copper style mineralization at the project.

Host rock sequences and mineralization styles indicate strong similarities to sediment-hosted copper deposits of the Central African Copperbelt. Limited diamond drilling in the early 1980's by Geopeko Ltd. included best results of: 10m at 1.0% Cu from 123m, including 1m at 3.4% Cu from 123m; and 1m at 4.1% Cu from. The volcano-sedimentary host sequences in the Whisky Creek project area are considered as correlates to the Cambrian aged Mt Read Volcanics belt of western Tasmania which is host to multiple word class copper-gold and polymetallic base metal deposits, including the Tier 1 Mt Lyell Copper deposits (3Mt contained copper).

With practically no significant exploration effort at Whisky Creek over the last 40 years, the area has remained overlooked for its potential to host significant copper and/or base metal deposits. Historically, the project area was prospected from the late 1800's to early 1900's with numerous prospecting and small scale mine workings located throughout the area. In modern times, the most comprehensive exploration effort was carried out by the Pennzoil-Geopeko JV during the period 1973 to 1982.

Most of this exploration was focused on the Titania prospect area (hist historically known as the Dial mine grid), where ten wide spaced drill holes, totaling 1,506m, were drilled over a 1.5 x 1km area. The final drill hole of the program, DH10, intersected significant copper mineralization in favorable host stratigraphy. No follow-up exploration or drilling was conducted on the project following the discovery.

Geology and Mineralization. The Whisky Creek project area covers a Cambrian rift basin (the Dial Range Trough) that was progressively filled by a complex succession of basal conglomerates and clastic sandstones, mudstones, carbonaceous to pyritic shales and siltstones, diamictites, basaltic volcanics, carbonates, and volcaniclastic sediments, which are considered highly prospective for a variety of sediment-hosted copper deposits.