Shares Outstanding: 65,504,269
TORONTO, Aug. 16, 2012 /CNW/ - Superior Copper (SPC: TSXV) has completed its Spring-Summer 2012 Field Program at the Batchawana Copper Project; a 50 / 50 Joint Venture between Superior Copper and First Minerals Exploration Ltd. The Batchawana Copper Project consists of over 80 square kilometres of Proterozoic age basalts and Archean metavolcanics on the northern flank of the Mid-Continental Rift and hosts the former producing Coppercorp mine.
The field program consisted of ground geophysics, soil geochemistry and geological mapping/sampling on the 40 line-kilometre grid that had been cut over a 6 square kilometre magnetic high that was identified by a 2003 airborne survey. In addition, further prospecting, reclamation of historic drill core, surveying, and ongoing data compilation and interpretation was carried out.
The ground geophysical program included gravity, magnetic and IP surveys on the 40-line kilometre grid. Although final results are pending; initial results indicate several coincident magnetic and gravity anomalies that the company will be analysing for future drill targets. Detailed geological mapping, rock sampling, assaying, and MMI (Mobile Metal Ion) soil sampling was also completed over the 40-line kilometre grid. The preliminary soil sampling results showed a highly anomalous linear trend for copper in the southern portion of the grid.
Reconnaissance mapping and prospecting investigated historical copper showings as well as located a number of areas with newly identified copper mineralization. Areas with significant copper mineralization were subsequently stripped, washed and sampled. Assays are pending.
The diamond drill core from previous programs on the property was reclaimed, catalogued and reviewed to assist with the planning process for future diamond drill programs. A geodetic GPS survey has been completed for historical drill holes, recent drill collars and the Coppercorp Mine workings exposed at surface to aid in the 3D modeling of the Batchawana Copper Project data.
Superior Copper also has priority drill targets to expand the SB Zone where the company carried out a successful drill program in late 2011.
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.
SOURCE: Superior Copper Corporation
For further information: