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TORONTO, April 11, 2012 /CNW/ - Superior Copper (SPC: TSXV) completed four drill holes at the Kincaid Breccia in late 2011 (see News Release January 26, 2012) and eight additional holes in February-March, 2012, to test the copper-silver mineralization in the Kincaid Breccia. The Kincaid Breccia was a known surface breccia occurrence but there has been no previous drilling to test the copper mineralization exposed on surface. The best intercept from the completed drilling in 2012 was 1.44% Cu and 2.8 g/t Ag over 4.8 metres in a vein breccia at an approximate depth of 25 to 30 metres. Together with the positive drill results from the 2011 drill program, there is sufficient interest in continuing a follow-up exploration program during 2012.
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 of the breccia varies from 40 metres up to 100 metres at its widest point, based on reconnaissance mapping. The breccia has been interpreted to occur in a structural zone between the Keweenawan-age mafic volcanics of the Mamainse Point Formation and Archean greenstones.
With the completion of the 2012 drill hole program, the Kincaid Breccia has been tested on four drill sections spaced about 100 metres apart (covering 300 metres of strike length). Additional fans of drill holes set back 30 to 50 metres on two sections have also provided information on the down-dip continuity of the breccia zone and mineralization to a depth of about 50 metres.
The drill results indicate that the Kincaid Breccia is composed of both a mineralized vein breccia and a mineralized felsite breccia with a shallow east-northeast dip of 35o, and strikes north-northwest. The shallow breccia zone is approximately 10 metres wide and has a larger areal extent on surface due to the high topographic relief and the shallow angle of intersection.
The 12-hole, 2011-2012 drill program indicated that the structure (breccia zone) and mineralization demonstrate excellent continuity along the 300 metre tested strike length and down dip, but copper grades are inconsistent. The high grade nature of the breccia zone as intersected on the northern-most sections indicates the need for additional testing.
Composite assay results for the eight drill holes are summarized in Table 1. For drill holes KB-01-11 to KB-04-11 please see January 26, 2012 news release.
|Table 1: Kincaid Breccia DDH Assay Results, 2012|
|Hole ID||Azimuth||Dip||From (m)||To (m)||Length||Cu%||Ag gpt|
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 over 100 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.
For further information:
Judy Baker, President & CEO
Tel: 416.479.0893 Ext 401
Email: [email protected]
Morgan Quinn, IR/Geologist
Tel: 416.479.0893 Ext 403
Email: [email protected]
Web site: www.superiorcopper.ca