Superior Copper Intersects 4.87% Copper and 61.3 gpt Silver over 3.6 metres on the SB-Zone
04.04.2013 | Marketwired
TORONTO, April 4, 2013 - Superior Copper (TSX VENTURE:SPC) has received preliminary assay results for four drill holes of the current Phase 2 drill program at the Coppercorp Mine Area. Superior Copper continues to intersect high grade copper mineralization at the SB Zone which was drilled over 0.5 kilometres of strike length during the Phase 1 drill program. The Phase 1 drill program indicated the tabular SB Zone has an average of 3% copper over an approximate width of 3 metres to a known vertical depth of 175 metres. The current 2000 metre drill program includes infill drilling on the SB Zone as well as testing the depth extension and SE strike length extension of the SB Zone. BCP-20-13 intercepted the SB Zone at a vertical depth of 160 metres and intersected 4.87% copper and 61.3 gpt silver over 3.6 metres. BCP-18-13 intercepted the SB Zone at a vertical depth of 150 metres and intersected 1.3% copper, 26.4 gpt silver and 5.06 gpt gold over 1.3 metres.
The other two drill holes at the Coppercorp Mine Area, targeting the C Zone and B Zone, were designed to test structural controls on mineralization near the contact between mafic volcanic rocks and conglomerates within the Keweenawan Group of the Proterozoic Southern Province.
Table 1 - Preliminary Results
The Exploration Permit
Superior Copper has secured an Exploration Permit, valid until March 31, 2016, that is compliant with the recent changes to the Ontario Mining Act. The approved application enables Superior Copper to continue exploration activities without any delays related to the new regulations that became mandatory on April 1, 2013.
The technical information contained in this news release has been reviewed by Delio Tortosa, P.Eng. who is a "Qualified Person" under National Instrument 43-101 and a Director of Superior Copper. The historical results presented here have not been verified, and are given for information purposes only.
Superior Copper Corporation
Superior Copper Corporation is a Canadian-based exploration company focused on base and precious metal exploration. The Company's primary objective is to target highly prospective and underexplored mineral properties, particularly copper, in order to meet the increasing global demand. The Company has two key exploration projects; the Batchawana Copper Project and the Rivière Doré Project in Quebec.
CAUTIONARY STATEMENT:
This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. Please see our public filings at www.sedar.com for further information.
Shares Outstanding: 73,673,602
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Contact
Superior Copper Corporation
Judy Baker, President & CEO
416.479.0893 Ext 401
jbaker@superiorcopper.ca
Superior Copper Corporation
Morgan Quinn, VP Corporate Development
416.479.0893 Ext 403
mquinn@superiorcopper.ca
The other two drill holes at the Coppercorp Mine Area, targeting the C Zone and B Zone, were designed to test structural controls on mineralization near the contact between mafic volcanic rocks and conglomerates within the Keweenawan Group of the Proterozoic Southern Province.
Table 1 - Preliminary Results
Hole Zone From (m) To (m) Interval (m) Cu (%) Ag (gpt) Au (gpt)
BCP-20-13 SB Zone 226.8 230.4 3.6 4.87 61.3 -
BCP-18-13 SB Zone 102.4 102.7 0.3 1.74 - -
147.2 147.5 0.3 1.39 2.0 -
176.5 177.8 1.3 1.08 26.4 5.06
BCP-13-13 C Zone 174.7 177.1 2.4 Anomalous Values
185.7 190.0 4. Anomalous Values
BCP-13a-13 B Zone 42.3 47.5 5.2 1.84 12.8 -
The Exploration Permit
Superior Copper has secured an Exploration Permit, valid until March 31, 2016, that is compliant with the recent changes to the Ontario Mining Act. The approved application enables Superior Copper to continue exploration activities without any delays related to the new regulations that became mandatory on April 1, 2013.
The technical information contained in this news release has been reviewed by Delio Tortosa, P.Eng. who is a "Qualified Person" under National Instrument 43-101 and a Director of Superior Copper. The historical results presented here have not been verified, and are given for information purposes only.
Superior Copper Corporation
Superior Copper Corporation is a Canadian-based exploration company focused on base and precious metal exploration. The Company's primary objective is to target highly prospective and underexplored mineral properties, particularly copper, in order to meet the increasing global demand. The Company has two key exploration projects; the Batchawana Copper Project and the Rivière Doré Project in Quebec.
CAUTIONARY STATEMENT:
This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. Please see our public filings at www.sedar.com for further information.
Shares Outstanding: 73,673,602
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Contact
Superior Copper Corporation
Judy Baker, President & CEO
416.479.0893 Ext 401
jbaker@superiorcopper.ca
Superior Copper Corporation
Morgan Quinn, VP Corporate Development
416.479.0893 Ext 403
mquinn@superiorcopper.ca