$USCU Entering Into An Upswing After an extended period of bearish movement along resistance from the 50MA, shares of US Copper Corp (TSXV: USCU) made a cross above the moving average early this month. Shares are now re-testing the 50MA, and we will soon see if it will shift to a trend of support.
$USCU.v is currently preparing for its upcoming drill campaign at its Moonlight-Superior copper project and has contracted Timberline Drilling Inc. to drill a minimum of 10,000 ft at the Engels deposit.
There should be many catalysts on the horizon once drilling commences. Stephen Dunn, $USCU CEO, commented in regard to the Engels deposit “... mineralization is not closed off in any direction and has the potential to be a stand-alone, open-pit copper mine on its own." Engels was mined in the 1915-1930 period, yielding approximately 2.7 million tons at a grade of 2.2 % copper.
There’s lots of ground to be gained for $USCU.v shares to reach 2021 highs of $.36, but if they can get anywhere close, we’ll be looking at gains in excess of 300%.
$USCU.v is currently trading at $.075 and is valued at $8.41M
https://ceo.ca/@newsfile/us-copper-corp-prepares-for-upcoming-drilling-campaign