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Supreme drills up to 1.23 % Copper, 132 grams Silver on Verde at Copper Mountain
Jan. 27, 2011 (TheNewswire.ca) -- Vancouver, B.C., January 26, 2011 - Supreme Resources Ltd....
About this update from Super Lithium Corp.
[{"type":"text","content":"\nSupreme drills up to 1.23 % Copper, 132 grams Silver on Verde at Copper Mountain\n\n\n Jan. 27, 2011 (TheNewswire.ca) -- Vancouver, B.C., January 26, 2011 - Supreme Resources Ltd. (OOTC:SPRWF) (TSXV:SPR) (SPR.V - SPRWF-OTC)(\"the Company\") is pleased to announce the completion of eight drill holes (V1001-V1008) at the Verde project. The Verde project is located 14 kilometres south of Princeton BC and adjacent to the east of the holdings of Copper Mountain Mining Corporation's Copper Mountain mine. (http://www.cumtn.com )The current 2010 measured and indicated resources at the Copper Mountain mine are 518.6 million tons of 0.31% Cu containing 3.2 billion pounds of copper with gold-silver credits. The Copper Mountain mine is 75 per cent-owned by Copper Mountain Mining Corporation and 25 per cent-owned by Mitsubishi Materials Corporation. The construction of the Copper Mountain mine is on schedule for full production in June of 2011.The drilling at the Verde project tested the copper-silver mineralization exposed in trench 1. Four of the drill holes (V1004-V1007) contain significant copper and silver values associated with the fine grained malachite and chalcopyrite mineralization exposed on surface at trench 1.The Verde trench 1 sampling in March of 2010 returned a 14.5 metre interval grading 0.34% copper, 4.5 grams per tonne silver and 0.03 gram/tonne gold, including 9 metres grading 0.49% copper, 6.8 grams/tonne silver and 0.04 gram/tonne gold. Malachite, limonite, chalcopyrite and magnetite occur along fractures and as disseminations within moderately fractured diorite of the Voigt stock.During the excavation of the drill site for holes V1004-V1007 above trench 1, strong malachite and chalcopyrite mineralization was exposed along the back of the drill site. Sampling along the back of the drill site (trench-5) returned an 18.0 metre interval grading 0.36% copper and 3.7 grams/tonne silver, including 7.0 metres grading 0.59% copper and 6.5 grams/tonne silver.Drill holes V1004-V1006 were fanned out in a southerly direction above trench 1 and tested the copper-silver mineralization over a strike length of 15 metres, while drill hole V1007 was drilled in a northerly direction. Near surface malachite and chalcopyrite mineralization was intersected in all four drill holes with significant copper and silver values. Following is a su...