TSXV:UNV - Post Discussion
Post by
knoxt on Nov 09, 2021 8:33am
news
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Universal Copper Completes 2021 Phase I Drilling at Poplar Project |
GlobeNewswire Universal Copper Ltd. ("Universal Copper" or the "Company") (TSX Venture: UNV) (Frankfurt: 3TA2) is pleased to report it has completed the 2021 Phase I drilling program at the Company's flagship Poplar Copper Project ("Poplar"), located southwest of Houston, British Columbia. Apex Diamond Drilling Ltd. completed 3,003 metres in six vertical holes across the deposit. The first two holes have been dispatched to the main ALS Minerals Lab ("ALS") in North Vancouver, an ISO/IEC 17025:2017 accredited facility. The remaining four holes are currently being sawn top to bottom; each hole will be dispatched to ALS once sampling is completed. The focus of the program was to expand the copper mineralization to depth and expand the limits of the higher-grade mineralization within the current mineral resource. The drill program was completed as anticipated. The six holes will also provide material for metallurgical work, with the testing to include: sample preparation and characterization, mineralogy, comminution testing, flotation testing and product characterization. The Company is reviewing quotes from various firms with the expectation of shipping the metallurgical samples at the conclusion of the sampling. Metallurgical testing was one of the recommendations by the QP in recently announced Mineral Resource Estimate. Clive Massey Universal Copper's CEO and President commented, "We are very pleased our drill program was executed without a hitch and we eagerly await the assay results. As with our earlier drill programs, the Company anticipates further increases in tonnage and grade of the overall mineral resource from this program." He continued, "The Company views Poplar as an undervalued asset, with a continually strengthening copper market driven by the Green Revolution where New York COMEX copper forward delivery in December reached $4.8055 per pound ($10,572 per tonne), a record high." |
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