Superior Copper Corporation Provides 2014 Exploration Plan for the Superior Copper Project, Sault Ste. Marie, Ontario
June 03 2014 - 8:00AM
Marketwired
Superior Copper Corporation Provides 2014 Exploration Plan for the
Superior Copper Project, Sault Ste. Marie, Ontario
TORONTO, ONTARIO--(Marketwired - Jun 3, 2014) - Superior Copper
Corporation (TSX-VENTURE:SPC) is pleased to announce the
commencement of a 25,000 meter diamond drill program on its 100%
owned Superior Copper Project, located 85 kilometers north of Sault
Ste. Marie, Ontario. The first phase of drilling will commence on
June 15th, 2014. The primary objective of the program is to test
the potential for Iron Oxide Copper Gold ("IOCG") deposits. The
Company has identified large geophysical magnetic highs with
coincident gravity anomalies, copper-bearing hematitic breccias, as
well as IOCG-type alteration patterns throughout the property. The
Superior Property is also spatially associated with prominent
structural features related to the Lake Superior Mid-Continental
Rift ("MCR"). It is believed that the MCR has played a key role in
the formation of numerous world-class copper and nickel-copper
deposits around Lake Superior.
In April 2014, Superior Copper completed an airborne ZTEM
(GeoTech) survey over the entire project area. Based on results,
the ZTEM has complimented the magnetic and gravity geophysical
signature of the property and has aided in drill target
interpretation. The Superior Property has had no historic drilling
deeper than 225 vertical meters.
About 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 continual global demand. Its primary land position is its
100%-owned Superior Project, which covers 15,789 hectares or 158
square kilometers, and is located approximately 85 km north of
Sault Ste. Marie, Ontario.
CAUTIONARY STATEMENT: Neither the TSX Venture Exchange
("TSX-V") nor its Regulation Services Provider (as that term is
defined in the policies of the TSX-V) 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, use of proceeds
from the Offering, 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.
Superior Copper CorporationJohn TaitPresident and Chief
Executive
Officer416-628-5905jtait@superiorcopper.cawww.superiorcopper.ca
SPC Nickel (TSXV:SPC)
Historical Stock Chart
From Jun 2024 to Jul 2024
SPC Nickel (TSXV:SPC)
Historical Stock Chart
From Jul 2023 to Jul 2024
