Jul 1 2015
Superior Copper Corporation announces that it has completed its regional exploration program at its 100% owned Superior Project, located 85 kilometers north of Sault Ste. Marie, Ontario.
The current program was initiated in June 2014 to test large geophysical anomalies identified in airborne magnetic and ZTEM data from a survey flown in 2014 as well as previous regional and gridded gravity data.
A total of 13,300 metres in 16 holes were drilled to test regional targets, 12 of which had copper mineralization. A total of 9 holes for an additional 3,154 metres were drilled to follow-up on the 3M Zone discovery previously announced in press releases dated July 8 and September 18, 2014. Results from the regional drill program agree with the current model of a large magmatic system with the potential to produce a significant IOCG-type and/or porphyry-type deposit. Further analysis of geological, geochemical, and geophysical data is needed to assist in vectoring towards increased copper mineralization. The Company's geologists are in the process of compiling and analyzing the most recent data to refine the model and focus future exploration.
In conjunction with the data review, the Company is actively evaluating new opportunities. With approximately $4,000,000 remaining in the treasury, Superior Copper is well positioned to attract high quality projects.
To view the figure associated with this press release, please visit the following link: http://media3.marketwire.com/docs/supe0629.pdf
Technical information contained within this release has been reviewed and approved by Morgan Quinn, P. Geo. who is a "Qualified Person" under National Instrument 43-101 and a consultant to Superior Copper Corporation.
Source: http://www.superiorcopper.ca/