You can do this with robocopy
.
Assuming a source C:\inetpub\site1
and destination of C:\inetpub\site2
, the following will create an identical folder hierarchy under "site2", preserving the permissions of "site1".
robocopy C:\inetpub\site1 C:\inetpub\site2 /mir /copyall /xf *
/mir
Mirror/copyall
Copy all permissions/xf *
Exclude files matching *