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Highland Copper Provides Exploration Update for UPX Minerals Property
LONGUEUIL, CANADA--(Marketwired - Nov. 21, 2017) - Highland Copper Company Inc. (TSX VENTURE:HI) (the "Company") is pleased to provide an update on the explorat
About this update from Highland Copper Co., Inc.
[{"type":"text","content":"LONGUEUIL, CANADA--(Marketwired - Nov. 21, 2017) - Highland Copper Company Inc. (TSX VENTURE:HI) (the \"Company\") is pleased to provide an update on the exploration work currently underway on its 100% owned UPX Minerals Property located in the Upper Peninsula, Michigan, USA. Highlights: Encouraging first field exploration season completed, with field activities continuing into the winter months; Multiple new nickel-copper massive sulphide targets generated from state-of-the-art geophysical interpretation; Rock and soil sampling from Ishpeming Greenstone belt returned anomalous gold values, including from areas with no previously known gold mineralization; Overburden sampling program underway in area with potential for banded iron formation gold mineralization. In May 2017, UPX Minerals, a wholly owned subsidiary of Highland Copper, acquired from Rio Tinto a mineral property in the central Upper Peninsula of Michigan with an area of about 1,800 square kilometers (447,000 acres) - the \"UPX Property\". The UPX Property covers several Precambrian geological domains with known potential for nickel-copper massive sulphide deposits, gold deposits, and sediment-hosted base metal deposits. For each of these geological domains, the exploration team has carried out a systematic compilation of historical data and is developing exploration targets with ongoing geological mapping, rock and soil sampling programs, and interpretation of 5,500 km² of high-resolution magnetic data covering the full extent of the UPX Property. Nickel-Copper Massive Sulphide Exploration The potential for significant nickel-copper massive sulfide deposits on the UPX Property has been demonstrated by discovery of the Eagle and Eagle East deposits, currently being mined by Lundin Mining. Prior to the UPX acquisition, Rio Tinto identified and partially evaluated eight targets for this deposit type within the UPX Property area. Sulphide-bearing ultramafic rocks were intersected by drill holes in two of the target areas. The historical drill core is under review at the Company's new core facility in the city of Marquette. In addition to the eight previously known targets, Highland has independently generated over 20 new targets by processing the high-resolution magnetic data with state-of-the-art 3D inversions. Follow-up fieldwork and drilling is planned in 2018. Ishpe...