Canadian exploration firm CopperCorp Resources has secured permits for six exploration licences (ELs) in western Tasmania, Australia.
Valid for five years from the grant date, the licences are expected to add 1,208km² of new mineral tenement holdings at the company’s Alpine and Skyline projects.
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CopperCorp president and CEO Stephen Swatton said: “These new exploration licences granted to CopperCorp put the company in a dominant position over highly prospective yet under-explored terranes in western Tasmania.
“These holdings underpin CopperCorp’s strategy targeting district-scale discoveries. We’re very excited about our upcoming exploration programmes focused on copper and also targeting other base and precious metals.
“This area of Tasmania has a long history of discovery and mining. Based on our review and interpretation over this region we are very encouraged by the discovery potential over these land holdings.”
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Over the two projects, the firm’s total tenements holdings stand at 1,400km². These tenements are held by Georgina Resources, the Australian subsidiary of CopperCorp.
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By GlobalDataThe firm is now planning to drill several of the more advanced targets this year.
It will also continue to focus on building a pipeline of drill targets over the large and prospective land package in Western Tasmania, an established mining region with a 150-year exploration and mining history.
The Alpine Project is located on the Neoproterozoic-Cambrian Arthur Metamorphic Complex (AMC), which also includes the Savage River magnetite mine.
CopperCorp said that the new licences bring the total area of the Alpine Project to 1,066km² along 100km of strike length over the AMC.
The new licences also bring the Skyline Project’s total prospective ground to 334km² along the eastern margin of the Cambrian calc-alkaline volcanic arc of the Mount Read Volcanics belt.
