TORONTO, ONTARIO–(Marketwired – Nov. 16, 2015) – Superior Copper Corporation (TSX VENTURE:SPC) (“Superior Copper” or “the Company”) has initiated an exploration program at it 100% held Superior Project, located adjacent to TransCanada Highway 85 kilometers north of Sault Ste. Marie, Ontario. The program is designed to test a new structural/alteration model developed over the last 6 months after a thorough review of available exploration data and reconnaissance mapping carried out during the summer months.
The location and geometry of many mineralized zones are strongly controlled by structures that provide pathways for metal-rich fluids. The intensity of hydrothermal alteration related to these fluids will increase towards a host structure and thus can be used to infer a vein location. At the Superior Project, a pattern of silicification, epidote-specularite, and argillic (clay) alteration has been recognized in areas of known high-grade mineralization, such as the Coppercorp Mine and the 3M Zone, as well as in areas that have never been systematically explored. Silicification is an increase of silica content (i.e. quartz, opal, chalcedony) that can increase a rock’s resistance to erosion, often forming topographic highs as a result.
A distinct pattern of ridges has been identified on the property using a method developed as part of ongoing research by the Company. Reconnaissance mapping of these ridges supports the presence of silicification, accompanied or underlain by epidote-specularite alteration, which in turn is overprinted by increasing argillic alteration lower in the stratigraphy. If drilling confirms the presence of mineralized structures associated with this alteration pattern, the Company will be able to use these criteria as vectors to target additional structures on the property.
The Company is planning up to five diamond drill holes, at five widely-spaced locations across the property, for a total of up to 3,500m. The progress of the program is contingent on an ongoing assessment of the drill core. With one exception, the targets have no record of previous drilling but exhibit the characteristics outlined by the model including the presence of vein material, increased alteration, and copper mineralization observed in outcrops.
This modest and cost effective program will efficiently test the model and provides multiple chances to discover new zones. If the test is successful, this model can be used to continue targeting additional mineralized structures across the entire 17,209 hectare property.
Technical information contained within this release has been reviewed and approved by Morgan Quinn, P. Geo. who is a “Qualified Person” under National Instrument 43-101 and a consultant to Superior Copper Corporation.
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 17,209 hectares or 172 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.
President and Chief Executive Officer