Positive results from final holes @ Superior drill program! No surprise $USCU $USCU.v $USCUF is up 15% after announcing the results from the final two holes from the drill program at its Superior deposit
Highlights:
- 50-year old historic drill results
- Silver and gold credits appear to increase copper equivalent grade by approx. 11% (8.2%- 12.4%)
- Presence of higher-grade ore within the Superior deposit can potentially be used to feed the Moonlight plant during early production years
The results from all 7 holes will be reviewed to determine the economic impact and a new resource calculation that includes gold and silver credits. The updated resources will be included in a revised Moonlight PEA
This is promising news for $USCU as the higher-grade ore from the Superior deposit will substantially enhance the project's economics by increasing the cash flow in the initial years of production.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1457-tsx-venture/uscu/110510-us-copper-announces-final-two-holes-from-superior-drill-program.html