Shares Outstanding: 61,904,269
TORONTO, Jan. 30, 2012 /CNW/ - Superior Copper (SPC: TSXV) completed four drill holes at the Kincaid Breccia in late 2011. Additional holes are planned for early 2012 pending improved site access conditions. The Kincaid Breccia was a known surface breccia occurrence but there is no previous drilling to test for copper mineralization. The best intercept was 3.6 metres of 1.57% copper and 2.4 metres of 2.82% copper of vein breccia mineralization an approximate depth of 25 to 30 metres.
The Batchawana Copper Project is located approximately 85 kilometres northwest of Sault Ste. Marie, Ontario and includes the past-producing Coppercorp Mine. Superior Copper and its joint venture partner First Minerals Exploration Ltd. retain approximately 70 square kilometres of contiguous claims.
Surface mapping of the Kincaid Breccia has traced a mineralized breccia zone over 400 metres in a northwest-southeast direction. The approximate width varies from 40 metres up to 100 metres at its widest point, based on reconnaissance mapping. The breccia has been interpreted to be in a fault contact with mafic volcanics and intrusives of the Mamainse Point Formation and occurs near the unconformity with Archean greenstones.
The completed Kincaid Breccia drill holes; KB-01-11, KB-02-11 and KB-04-11 were - 45 degree holes on 100 metre centres and KB-03-11 was a -70 degree hole on the same section as KB-02-11.
The preliminary drill results suggest that the Kincaid Breccia is composed of both a mineralized vein breccia and a mineralized felsite breccia. Composite assay result for the first four drill holes are summarized in Table 1.
Table 1: Kincaid Breccia Assay Results
|Length||Cu %||Ag g/t|
|KB-04-11||no significant mineralization - 213 to 2780 ppm Cu|
The reconnaissance geological mapping and surface sampling program at the Kincaid Breccia returned the following results summarized in Table 2:
Table 2: Kincaid Breccia grab sample results
|Sample||Cu %||Ag g/t||Au g/t|
All core samples were selected by the Superior Copper site geologist and were split in half. Individual samples were placed in plastic sample bags with a sample tag number and sealed. Groups of samples were then placed into rice bags and sealed with locking plastic tabs. The remaining half cores are stored in core racks at the Coppercorp Mine site in the outdoor storage area. The access road to the Coppercorp site is gated and locked.
All sample shipments were sealed and shipped to AGAT Laboratories Inc. in Mississauga, Ontario for analysis. AGAT Laboratories' quality control system complies with the requirements for the International Standards. Superior Copper Corporation also had its own quality control / quality assurance programs in place. The remaining coarse reject portions of the samples and sample pulps remain in storage at the AGAT storage facility in Mississauga in the event that further analyses are required.
AGAT Laboratories used Fire Assay/ICP-OES finish for gold and Aqua Regia/ICP-OES finish for copper and silver analyses in determining the above values. Silver values over100 g/t are analysed using fire assay with a gravimetric finish.
Technical information on the Batchawana Copper Project has been reviewed and approved by Delio Tortosa, P. Eng. who is a "Qualified Person" under National Instrument 43-101 and a consultant to Superior Copper.
Superior Copper Corporation
Superior Copper Corporation is a Canadian-based exploration company focused on base metal exploration. The Company's primary objective is to explore highly prospective base metal projects, particularly copper, in order to meet the increasing global demand. The Company has two key exploration projects; the Batchawana Copper Project and the Rivière Doré Project in Quebec.
CAUTIONARY STATEMENT: Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) 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, 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.