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US Copper Corp Announces Results from Engels Drilling
Toronto, Ontario--(Newsfile Corp. - September 12, 2023) - US Copper Corp (TSXV: USCU) (OTCQB: USC...
About this update from Us Copper Corp
[{"type":"text","content":"US Copper Corp Announces Results from Engels DrillingToronto, Ontario--(Newsfile Corp. - September 12, 2023) - US Copper Corp (TSXV: USCU) (OTCQB: USCUF) (FSE: C730) (\"US Copper\" or the \"Company\") is pleased to announce results from the 15-hole shallow drill program on its Engels deposit at the Moonlight-Superior Copper Project in North-East California.Highlights Mineralized drill hole intercepts were submitted for sequential copper assays and acid soluble copper was identified in 10 of 15 holes, including one intercept of 200 feet (\"ft\") of 1.06% recoverable copper;Results confirmed historical drilling completed by previous operators in 2005-through 2009;Soluble copper averaged 85% of total copper; andAcid soluble copper greater than 0.2% occurs over an area of 750 ft by 250 ft to an average depth of greater than 200 ft.These results are now being reviewed by an independent engineering firm to determine:Parameters for further metallurgical testing;A new resource calculation for the oxide mineralization at Engels; andThe viability of an oxide mining operation beginning at Engels before moving to Moonlight.Management Commentary\"Results from our exploration drill program confirm high-grade copper oxide mineralization and furthers our geological model of the Engels Project, whereby a near-surface copper oxide cap sits above a potentially larger copper sulfide deposit. These types of copper oxide deposits are found in the major copper mining districts of the world and can typically be economically extracted, usually through low-impact surface mining, and processed at lower cost than copper sulfide ores. Furthermore, acid leaching of oxide copper produces high grade copper cathodes, with grade A cathode typically selling for a premium.\" commented Stephen Dunn, President and CEO of US Copper. \"With the recent addition of copper to the U.S. critical minerals list, we look forward to conducting a preliminary economic assessment (\"PEA\") to evaluate the viability of a copper oxide mining operation at the past-producing Engels deposit, towards advancing a secure and responsible domestic supply of U.S. mined copper,\" concluded Mr. Dunn.Table 1: Summary of drill hole data To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1768/180202_be31470ab4939a0b_001full.jpg(* Total leachable coppe...