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US Copper Corp. Announces Drill Program at Moonlight-Superior Copper Project
Toronto, Ontario--(Newsfile Corp. - March 1, 2023) - US Copper Corp. (TSXV:  USCU ) (OTCQB:&...
About this update from Us Copper Corp
[{"type":"text","content":"US Copper Corp. Announces Drill Program at Moonlight-Superior Copper ProjectToronto, Ontario--(Newsfile Corp. - March 1, 2023) - US Copper Corp. (TSXV: USCU) (OTCQB: USCUF) (FSE: C730) (\"US Copper\" or the \"Company\") is pleased to announce it has signed a contract for a drill program at the Engels deposit, part of the Company's wholly-owned Moonlight-Superior Copper Project, located in Plumas County, California. The drill program will include 15 reverse circulation drill holes into the oxide cap that sits on top of the Engels' sulfide deposit. The drill program is scheduled to commence in the second quarter 2023, when access permits.Objectives of the drill program include:Upgrading and potentially expanding the current oxide resource estimate;Providing samples for preliminary metallurgical evaluation; andProviding initial data for inclusion in a preliminary economic assessment (\"PEA\") on the Engels oxide deposit.The oxide cap at Engels is developed to depths greater than 230 feet (\"ft\") over an area of at least 1,000 ft by 500 ft. Sample intercepts from prior drill programs reveal a high-grade copper oxide cap as the table below illustrates. These results were included in the 2013 resource estimate of 2.5 million tons (\"MT\") at 1.05% as contained in the Company's NI 43-101Technical Report and Resource Estimate for the Superior Project, Plumas County, California, with a refiled date of November 7, 2014, which can be viewed on the US Copper's website and on www.sedar.com.Table 1: Sample of Historic drill results within the Oxide Zone showing minimum 30' intervals carrying greater than 1.0% Cu.DH#fromtoInterval (ft)Cu %07-E-026.5672.1865.621.78107-E-12039.3739.371.21307-E-1519.6978.7459.061.27507-E-1619.6952.4932.812.65207-E-216.5639.3732.811.25907-E-2513.12164.04150.921.08607-E-3045.93177.17131.232.43508-E-35052.4952.491.07308-E-36032.8132.811.429ME09-0214.5134745.358ME10-041685692.054ME10-053994557.985 Management Commentary\"In 2022, the Company elected to conserve capital and review our large historic database for additional opportunities,\" commented Stephen Dunn, US Copper's President and CEO. \"Prior operators had identified oxide caps at both Moonlight and Engels. That led us to reevaluate the potential to develop a starter oxide open pit mine at Engels through a first phase drill program ai...