Universal Copper Ltd. reported the follow up program to the successful fall 2021 drilling program has commenced at the Company’s flagship Poplar Copper Project, located southwest of Houston, B.C.
The 2021 program encountered significant copper intersections including:
- 479.75 metres at 0.56% copper equivalent (CuEq*) – 0.408% copper, 0.013% molybdenum, 0.13 g/t gold and 2.89 g/t silver; and
- 432.8 metres at 0.57% copper equivalent (CuEq*) – 0.432% copper, 0.011% molybdenum, 0.15 g/t gold and 1.80 g/t silver; and
- an open 129 metres at 0.685% copper equivalent (CuEq*) – 0.546% copper, 0.15 g/t gold and 6.94 g/t silver at the base of 21-PC-135.
“We have been eagerly waiting to start drilling again at Poplar since the conclusion of the 2021 fall program was completed in early November,” commented Universal Copper’s CEO and President Clive Massey, “with the exceptional drill results released in January and March heightening the anticipation. We will be following up on the 21-PC-135 intersection where recent re-interpretation of the historic drilling suggests mineralization plunges to the northeast.”
The Company is planning approximately 2,000 metres in 4 holes to expand the 21-PC-135 mineralization and confirm its northeast plunge. After this Phase is completed and results have been interpreted in the context of the conclusions and recommendations of the Vector Geological Solutions Inc. (“Vector”) targeted re-logging program, the Company plans to undertake an early summer follow-up program.
Drilling is again being conducted by Apex Diamond Drilling Ltd. of Smithers, B.C. Rugged Edge Holdings will handle camp and logistics, while Waldo Sciences Inc. will handle core logging, sampling, and QA/QC protocols. Analysis will be completed by ALS Minerals (“ALS”) at its ISO/IEC 17025:2005 accredited North Vancouver laboratory.
*CuEq – copper equivalents are based on the following: copper (US$9,972.10 per tonne), gold (US$1,816.60 per ounce), silver (US$22.90 per ounce) and molybdenum (US$41,836.39 per tonne)
The 61,600-hectare Poplar Project hosts a current undiluted indicated mineral resource of 152.3 million tonnes grading 0.32 per cent copper, 0.009 per cent molybdenum, 0.09 gram per tonne gold and 2.58 g/t silver and an undiluted inferred mineral resource of 139.3 million tonnes grading 0.29 per cent copper, 0.005 per cent molybdenum, 0.07 g/t gold and 4.95 g/t silver. The mineral resource estimate has a cut-off grade of 0.20% copper. Universal Copper cautions investors mineral resources, which are not mineral reserves, do not have demonstrated economic viability.
Poplar lies in an historic mining region, located 35km from the Huckleberry Mine and 42km from Equity Silver Mine, where low snowfalls will allow year-round work. The road accessible property is bisected by a 138 Kva Hydroelectric line and lies 88km from Houston and 400km from the deep-water port at Prince Rupert by rail.
The technical content of this New Release has been reviewed and approved by R. Tim Henneberry, P.Geo (BC) a member of the Company’s Advisory Board and a Qualified Person under National Instrument 43-101.
About Universal Copper
Universal Copper Ltd. is a Canadian-based copper exploration company focused on the acquisition and exploration of copper properties. The Company’s management team has many years of experience in exploration, finance, and efficient public company management. Universal’s current focus is on advancing the Poplar Copper Project, one of the most advanced pre-production copper projects in British Columbia with a historic 43-101 resource.