Universal Copper Ltd V.UNV

Metals & Mining Copper

Universal Copper Ltd. is a Canada-based copper exploration company focused on the acquisition and exploration of copper properties. Its focus is on advancing the Poplar Copper Project, which covers over 61,566 hectares, located 35 kilometers (km) from the Huckleberry Mine and 42 km from Equity Silver Mine. It hosts an undiluted indicated mineral resource of 152.3 million tons grading 0.32 % copper, 0.009 % molybdenum, 0.09 g/t gold and 2.58 g/t silver and an undiluted inferred mineral resource of 139.3 million tons grading 0.29 % copper, 0.005 % molybdenum, 0.07 g/t gold and 4.95 g/t silver.

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Post by knoxton Mar 23, 2022 7:25am

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Post# 34536815

news

ORIGINAL: Universal Copper Drill Hole ends in Open-Ended Intercept of 129m @ 0.685%CuEq

2022-03-23 06:30 ET - News Release

Vancouver, British Columbia, March 23, 2022 (GLOBE NEWSWIRE) -- Universal Copper Ltd. ("Universal Copper" or the "Company")(TSX Venture: UNV)(Frankfurt: 3TA2) is pleased to report additional drill results from the 2021 diamond drilling program at the Company's flagship Poplar Copper Deposit ("Poplar"), located southwest of Houston, British Columbia. All drill targets in the Poplar copper-gold exploration district are shallow and road accessible, within 88 km of rail infrastructure.

Highlights:

Hole 21-PC-135 - 492.7 metres at 0.37% copper equivalent (CuEq)- 0.288% copper, 0.09 g/t gold and 4.16 g/t silver
- including 78 metres at 0.55% CuEq - 0.391% copper, 0.13 g/t gold and 12.01 g/t silver
- and including the bottom 129 metres at 0.685% CuEq - 0.546% copper, 0.15 g/t gold and 6.94 g/t silver
Hole 21-PC-136 - 45 metres at 0.56% CuEq - 0.430% copper, 0.17 g/t gold and 3.81 g/t silver and a second interval of 24 metres at 0.68% CuEq - 0.514% copper, 0.19 g/t gold and 6.86 g/t silver

Clive Massey, Universal Copper's CEO, stated: "An open-ended, high grade copperinterceptin the bottom129 metres of drill hole 135supports our new interpretation that the system is tilted and that the high-grade zone plunges eastward.Today's results, along with the recent robust copper grades released on January 18 ^th , 2022, and January 25^th , 2022, represent significant positiveprogress for the Poplar Project. Universal Copper is focused on leveraging our new exploration model and buildingthe Poplar Project into a premier deposit in a metal endowed, road/rail accessibleemerging exploration district in a top-tier jurisdiction".

Table 1. 21-PC-135 and 21-PC-136 Intersections

HOLE	FROM	TO	LENGTH	Cu	Mo	Au	Ag	CuEQ*
ID	(m)	(m)	(m)	(%)	(%)	(g/t)	(g/t)	(%)
21-PC-135	258	336	78	0.390	0.000	0.13	12.01	0.554
21-PC-135	369	498	129	0.546	0.001	0.15	6.94	0.685
21-PC-135	5.3	498	492.7	0.288	0.001	0.09	4.16	0.374
21-PC-136	237	282	45	0.430	0.002	0.17	3.81	0.561
21-PC-136	345	369	24	0.514	0.001	0.19	6.86	0.678
21-PC-136	417	432	15	0.375	0.005	0.09	3.26	0.470