Copper Range Limited is pleased to announce significant copper and gold intercepts from drilling at its Princess Royal prospect which is part of the Company’s wholly owned EL 3549 Burra South tenement. The prospect is located approximately 12 km south-east of the historic copper mining centre at Burra, South Australia. On 20 July 2007 Copper Range reported encouraging visual mineralisation in the strongly brecciated and altered sediments Assays have now been received for the 12 hole programme. SUMMARY • Assays confirm significant widths of highly anomalous copper and gold mineralisation at either end of the Princess Royal prospect, with best intersections of: • 11m @ 0.98% copper (“Cu”) including 4m @ 2.2% Cu • 20m @ 0.29 g/t gold (“Au”) including 4m @ 0.82 g/t Au from one 4m composite sample. • Mineralisation is open along strike to both the north and south. Mineralisation contained gold and silver in addition to copper. • Most holes did not reach target depth due to difficult ground conditions • Primary target remains to be tested at depth. • Planning for a follow-up drill campaign is currently underway. PRELIMINARY INTERPRETATION OF ASSAY RESULTS AT PRINCESS ROYAL PROSPECT As earlier reported, the 12 drill hole programme was hampered by difficult access due to the inclement weather and poor drilling conditions. The highly broken nature of the ground, combined with the presence of large cavities and water flows meant that only two out of the 12 holes reached target depth. These two holes, PR-RC003 and 013 were drilled in the centre of the prospect area. Further drilling is required to accurately determine the dip and true widths of the mineralised intersections.
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