Business
US Copper Corp Announces Positive Results from Superior Drill Program
Toronto, Ontario--(Newsfile Corp. - October 18, 2021) - US Copper Corp (TSXV: USCU) (OTCQB: US...
About this update from Us Copper Corp
[{"type":"text","content":"US Copper Corp Announces Positive Results from Superior Drill ProgramToronto, Ontario--(Newsfile Corp. - October 18, 2021) - US Copper Corp (TSXV: USCU) (OTCQB: USCUF) (FSE: C730) (\"US Copper\" or the \"Company\") is pleased to announce positive results from the first 5 diamond drill holes of 7 completed holes drilled on its Superior deposit at the Moonlight-Superior Copper Project in Plumas County, North-East California.Highlights Table 1: Summary of drill hole data DH#From(ft)To(ft)Interval (ft)Cu %Ag optAu optCuEq*CommentsS21-1118.0287.4169.40.5140.1280.00060.562Twin of DH S47Including240.0287.447.40.7570.2160.00090.836Including248.5270.421.91.1000.3020.00151.216S21-2328.0402.974.90.4350.1180.00050.478Twin of DH S29Including383.1388.04.90.8920.2630.00181.004S21-3142.6148.05.41.2250.2920.00361.384TD in stope @398.6'349.9398.648.70.4780.1370.00080.533S21-4462.0556.794.70.5370.1410.00080.593Including511.2526.815.61.2720.2900.00191.394617.5627.510.01.0200.2330.00101.106S21-5103.0178.075.00.3670.1260.00070.417 *CuEq = Cu% + ((Au opt*31.1035/10,000) *Au$/lb/Cu$/lb)) + ((Ag opt*31.1035/10,000) *Ag$/lb/Cu$/lb))The objective for US Copper's current drill program is to verify 50-year-old drill results (96 drill holes (\"dh\") totaling 50,000 feet (\"ft\") which will enable recalculation of the current resource (Tanaka, 2014) and the reclassification of most of the resource from inferred to indicated. With sufficient data a further objective would be to include silver and gold values in the resource. Ultimately, US Copper intends to include the updated Superior resource into a revised Moonlight PEA (TetraTech, 2018) which was based on only the nearby Moonlight Deposit. The historic drilling by Placer Amex was done on a 250 ft x 250 ft grid of vertical holes averaging <600 ft per dh. Little documentation and Quality Assurance/Quality Control (QAQC) protocols were retained limiting the resource classification to inferred. US Copper's full program as previously announced will drill 10 - 12 vertical and angle holes (10,000 ft) inside the historic grid. Some holes will twin older holes while most will be interior to the grid pattern.\"The five holes reported here show excellent continuity of grade and correlate very well to the nearby historic holes, thereby validating Placer Amex drill results,\" commented Stephen Dunn, US Copper's...