Superior Copper Intersects 4.87% Copper and 61.3 gpt Silver over 3.6 metres on the SB-Zone
April 04 2013 - 9:13AM
Marketwired Canada
Superior Copper (TSX VENTURE:SPC) has received preliminary assay results for
four drill holes of the current Phase 2 drill program at the Coppercorp Mine
Area. Superior Copper continues to intersect high grade copper mineralization at
the SB Zone which was drilled over 0.5 kilometres of strike length during the
Phase 1 drill program. The Phase 1 drill program indicated the tabular SB Zone
has an average of 3% copper over an approximate width of 3 metres to a known
vertical depth of 175 metres. The current 2000 metre drill program includes
infill drilling on the SB Zone as well as testing the depth extension and SE
strike length extension of the SB Zone. BCP-20-13 intercepted the SB Zone at a
vertical depth of 160 metres and intersected 4.87% copper and 61.3 gpt silver
over 3.6 metres. BCP-18-13 intercepted the SB Zone at a vertical depth of 150
metres and intersected 1.3% copper, 26.4 gpt silver and 5.06 gpt gold over 1.3
metres.
The other two drill holes at the Coppercorp Mine Area, targeting the C Zone and
B Zone, were designed to test structural controls on mineralization near the
contact between mafic volcanic rocks and conglomerates within the Keweenawan
Group of the Proterozoic Southern Province.
Table 1 - Preliminary Results
Hole Zone From (m) To (m) Interval (m) Cu (%) Ag (gpt) Au (gpt)
----------------------------------------------------------------------------
BCP-20-13 SB Zone 226.8 230.4 3.6 4.87 61.3 -
----------------------------------------------------------------------------
BCP-18-13 SB Zone 102.4 102.7 0.3 1.74 - -
----------------------------------------------------------------------------
147.2 147.5 0.3 1.39 2.0 -
----------------------------------------------------------------------------
176.5 177.8 1.3 1.08 26.4 5.06
----------------------------------------------------------------------------
BCP-13-13 C Zone 174.7 177.1 2.4 Anomalous Values
----------------------------------------------------------------------------
185.7 190.0 4.3 Anomalous Values
----------------------------------------------------------------------------
BCP-13a-13 B Zone 42.3 47.5 5.2 1.84 12.8 -
----------------------------------------------------------------------------
The Exploration Permit
Superior Copper has secured an Exploration Permit, valid until March 31, 2016,
that is compliant with the recent changes to the Ontario Mining Act. The
approved application enables Superior Copper to continue exploration activities
without any delays related to the new regulations that became mandatory on April
1, 2013.
The technical information contained in this news release has been reviewed by
Delio Tortosa, P.Eng. who is a "Qualified Person" under National Instrument
43-101 and a Director of Superior Copper. The historical results presented here
have not been verified, and are given for information purposes only.
Superior Copper Corporation
Superior Copper Corporation 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 increasing global demand. The Company has two key
exploration projects; the Batchawana Copper Project and the Riviere Dore Project
in Quebec.
CAUTIONARY STATEMENT: 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.
Shares Outstanding: 73,673,602
FOR FURTHER INFORMATION PLEASE CONTACT:
Superior Copper Corporation
Judy Baker
President & CEO
416.479.0893 Ext 401
jbaker@superiorcopper.ca
Superior Copper Corporation
Morgan Quinn
VP Corporate Development
416.479.0893 Ext 403
mquinn@superiorcopper.ca
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