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US Copper Announces Final Two Holes from Superior Drill Program
Toronto, Ontario--(Newsfile Corp. - November 15, 2021) - US Copper Corp (TSXV: USCU) (OTCQB: U...
About this update from Us Copper Corp
[{"type":"text","content":"US Copper Announces Final Two Holes from Superior Drill ProgramToronto, Ontario--(Newsfile Corp. - November 15, 2021) - US Copper Corp (TSXV: USCU) (OTCQB: USCUF) (FSE: C73) (\"US Copper\" or the \"Company\") is pleased to announce results from the final 2 drill holes of the 7 completed holes drilled in 2021 on its Superior deposit at the Moonlight-Superior Copper Project in North-East California. Highlights:Results from all 7 holes met or exceeded expectations including:Verifying 50-year-old historic drill results.Silver and gold credits appear to increase Copper-equivalent grade by approximately 11% (8.2% - 14.4%).Supporting the presence of higher-grade ore within the Superior deposit that can potentially be used to feed the Moonlight plant during early the production years to improve Project economics.These results from all 7 holes will now be reviewed by an independent engineering firm to determine:A new resource calculation including silver and gold credits.The economic impact of including Superior in our Moonlight mine plan.Table 1: Summary of drill hole data DH#From(ft)To(Ft)Interval(ft)Cu %Ag optAu optCuEquivCommentsS21-7594.6785.0190.40.510.1210.00060.556Hit stope @ 1060'S21-6and190.0318.0128.00.4900.1060.00050.530413.0496.083.00.430.1520.00090.492Previously reported (see October 18, 2021 news release)S21-5103.0178.075.00.3670.1260.00070.417S21-4462.0556.794.70.5370.1410.00080.593S21-3349.9398.648.70.4780.1370.00080.533Hit stopeS21-2328.0402.974.90.4350.1180.00050.478Twin of S29S21-1118.0287.4169.40.5140.1280.00060.562Twin of S47 *CuEq = Cu% + ((Au opt*31.1035/10,000) *Au$/lb/Cu$/lb)) + ((Ag opt*31.1035/10,000) *Ag$/lb/Cu$/lb))US Copper had a Preliminary Economic Assessment (\"PEA\") prepared on its Moonlight deposit in 2018 that showed positive economics at $3.15 copper. It was determined that providing higher grade ore from our Superior and/or Engels deposits into the Moonlight mine plan would substantially enhance the project's economics by increasing cash flows in the initial years of production. The recently completed drill program at Superior was designed specifically for that purpose.Ultimately, the updated Superior resource will be incorporated into a revised Moonlight PEA. \"We are quite pleased with the results of all 7 holes as they clearly demonstrate excellent continuity of grade, the presence of highe...