TORONTO, May 4, 2015 -
Superior Copper Corp. ("Superior Copper" or "the Company") (TSX VENTURE:SPC) announces diamond drill results from the 2015 Winter Drill Program on its 100% owned Superior Property (the "Property"). A total of 5 diamond drill holes were completed throughout the winter months totaling 3,385m.
| Table 1 - Diamond Drill Results |
|
Hole No.
Coordinates1 | | Azimuth / Dip
Total Length | | From (m) | To (m) | Width 2(m) | Cu (%) |
SPC-15 01
5209725mN
673520mE | | 320° / -45°
762 m | | 262.70 | 263.00 | 0.30 | 2.72 |
SPC-15-02
5209725mN
673520mE | | Vertical / -90°
299 m | | No samples taken | | |
SPC-15-03
5212700mN
671525mE | | 65° / -70°
452 m | | 208.83 | 223 | 14.17 | 0.282 |
SPC-15-04
5208358mN
679179mE | | 0° / -90°
853 m | | 488.50 | 539.83 | 51.33 | 0.042 |
SPC-15-05
5209338mN
677552mE | | 225° / -50°
1019 m | | 730.86 | 736.61 | 5.75 | 0.204 |
| 1. | All coordinates are reported as UTM Zone 16T. |
| 2. | Not true widths. |
SPC-15-01 was drilled to test a sub-vertical, cylindrical, resistivity high that measures approximately 1km in diameter. The anomaly was identified from the 2014 ZTEM survey and was interpreted as a potential intrusive plug. Low grade copper mineralization occurred throughout the hole. SPC-15-02 was drilled vertically from the same location. No samples were taken.
SPC-15-03 was drilled to follow up on a vertical chargeability anomaly identified from an induced polarization ("IP") survey carried out over the 3M Zone in 2014. The anomaly has a length of over 1.0km long and is spatially associated with high-grade copper mineralization. Mineralization similar to the 3M Zone was intersected in basalt flow top breccias.
SPC-15-04 was drilled to test a strong magnetic anomaly with a coincident resistive low identified from the 2014 ZTEM survey. Anomalous copper values over wide widths were encountered.
SPC-15-05 was drilled to test a semi coincident magnetic-gravity anomaly identified by
Falconbridge Ltd. in 2002 as a potential Iron-Oxide-Copper-Gold target. Anomalous copper values were reported throughout the hole.
"Our winter drill program was designed to further test Priority 1 drill targets that were not completed during the summer-fall drill phase" says Morgan Quinn, Project Geologist. "This is a very large land package with numerous targets. We continue to learn about alteration, mineralization and structural trends and the spring break-up will provide a hiatus to incorporate all data for further targeting in the near future."
On Site Quality Assurance / Quality Control Measures
All samples reported upon herein were selected, and sealed and readied for shipment to ALS Minerals preparation laboratory in Sudbury, Ontario. Sample intervals were selected and cut in half by diamond core saw. Individual samples were labeled, placed and sealed in plastic sample bags. Groups of samples were then placed into durable rice bags that were secured. The rice bags were then delivered via a bonded courier to the ALS sample preparation laboratory in Sudbury, Ontario. All samples were then crushed and pulverized using ALS preparation procedure PREP-31. The sample pulps were sent to ALS Laboratory in Vancouver B.C. for analysis. In Vancouver, the samples underwent analysis using ALS assay procedure ME-MS61r, a 60 element four acid ICP-MS multi-element package which includes Rare Earth Elements. When samples received over-limit values they underwent further analysis using ALS assay procedure ME-OG62 (for copper). All samples were also analyzed using ALS assay procedure Au-AA23 gold. The reader is referred to: www.alsglobal.com for details of these analytical procedures.
Independent Quality Assurance and Quality Control Protocol
A comprehensive QA/QC program was implemented to monitor all assays on the Superior Project. Samples are assembled in numbered batches of 35 samples. Included in each batch of 35 samples are 2 certified reference material samples, 1 blank sample comprised of sterile sand, 1 pulp duplicate and 1 field duplicate sample. This QC program was implemented by Tracy Armstrong P.Geo, for Superior Copper. Ms. Armstrong is a qualified geologist in the Provinces of Ontario and Quebec. Assay results were monitored on an on-going, real time basis for accuracy, contamination and precision by Ms. Armstrong.
About Superior Copper Corporation
Superior Copper Corp. is a Canadian-based exploration company focused on base and precious metal exploration. The Company's primary objective is to target highly prospective and underexplored mineral properties, particularly copper, in order to meet the continual global demand. Its primary land position is its 100% owned Superior Project, which covers 17,874 hectares or 179 square km, and is located approximately 85 km north of Sault Ste. Marie, Ontario.
The technical aspects of this press release have been reviewed by D. Morgan Quinn, P.Geo., who is the "Qualified Person" as defined by NI 43-101 for this project. Mr. Quinn has prepared, supervised the preparation and approved the scientific and technical disclosure in this news release.
CAUTIONARY STATEMENT: Neither the TSX Venture Exchange ("TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, use of proceeds from the Offering, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. Please see our public filings at www.sedar.com for further information.
Contact
Superior Copper Corp.
Mr. John Tait, President and Chief Executive Officer
416-628-5905
jtait@superiorcopper.ca
www.superiorcopper.ca
