US Copper Corp Announces Commencement of Drilling Program
2021-06-01 08:01 ET - News Release
Toronto, Ontario--(Newsfile Corp. - June 1, 2021) - US Copper Corp (TSXV: USCU) (OTCQB: USCUF) (FSE: C730) ("US Copper" or the "Company") is pleased to report that its previously announced 7,000 - 10,000 foot core drilling program has recently begun at its Superior deposit, one of 3 deposits at the 100% owned Moonlight-Superior Copper Project in Plumas County, California.
The drill program, will take approximately 2-3 months to complete and is designed to accomplish three main objectives:
- Verify historic copper assays from the 1960's drilling by Placer Amex;
- Test the deposit for silver and gold credits (these precious metals were not properly assayed by Placer in the 1960's); and
- Upgrade portions of the resource from inferred to indicated status.
Stephen Dunn, President and CEO, commented: "We intend to move our Moonlight-Superior project towards the production-stage as quickly as possible, and the current drilling program is the first step. A recovery in copper prices and the global transition to sustainable energy through electrification with non-fossil fuel alternatives have created an ideal environment for new copper development in the United States."
About US Copper Corp
US Copper controls approximately 13 square miles of patented and unpatented federal mining claims in the Light's Creek Copper District in Plumas County, NE California; essentially, the entire District. The District contains substantial copper (silver) sulfide and copper oxide resources in three deposits - Moonlight, Superior and Engels, as well as several partially tested and untested exploration targets.
The Superior and Engels Mines operated from about 1915-1930 producing over 161 million pounds of copper from over 4 million tons of rock containing 2.2% copper with silver and gold credits.
The Moonlight Deposit was discovered and drilled by Placer Amex during the 1960's. Details of the resources on US Copper's property and the parameters used to calculate them can be found in the "Technical Report and Preliminary Economic Assessment for the Moonlight Deposit, Moonlight-Superior Copper Project, California, USA" dated April 12, 2018, on both the company's website at www.uscoppercorp.com or on www.sedar.com under the US Copper Corp profile.
Mr. George Cole is the Qualified Person pursuant to NI 43-101 responsible for the technical information contained in this news release, and he has reviewed and approved this news release.
For Further Information Contact:
Mr. Stephen Dunn, President, CEO and Director, US Copper Corp (416) 361-2827 or email info@uscoppercorp.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, including statements regarding the future activities of the Company. Forward-looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "hopes", "anticipates", "expected to", "plans", "planned", "intends" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company's management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85919
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