Universal Copper have released positive news from the drill program on their 62,000 hectare Poplar copper property situated southwest of Houston in British Columbia. Drilling at an angle of -80o to test the Poplar deposit to depth, hole 19-PC-129 has shown continuous mineralization from 48.8m through to a major shear zone fault at 538m. Further exploration is required to locate the mineralization below this fault.
The full interval averaged 0.362 % copper over 489.2 metres with a higher-grade interval of 0.488% copper between 230.36 metres and 487.97 metres within a larger interval of 0.413% copper between 143.18 and 538 metres.
Universal Copper’s CEO, Clive Massey, was clearly delighted in seeing the results: “We are ecstatic to have intersected strong consistent copper mineralization through the length of the drill hole until terminated by the newly discovered shear zone fault.”
Looking at the future and the nature of how the mineralization ended abruptly at the shear zone fault, Mr Massey said “We believe the copper mineralization was displaced below the fault and Universal will focus on locating the displaced block.”
The mineralization present consists of pyrite, chalcopyrite and molybdenite, with pyrite being the dominant sulfide, though in places chalcopyrite content exceeds pyrite content. Pyrite and chalcopyrite occur as disseminations, stringers, veins and veinlets. Molybdenite, where observed is almost exclusively associated with quartz-sulphide veins, typically pyrite and chalcopyrite, but sphalerite was also present in several veins.
Turning to the geochemical analysis for hole 19-PC-129, it was sampled continuously from the top of bedrock at 24 metres to the bottom at 551.38 metres resulting in 210 samples. Individual sample intervals ranging from 0.56 metres to 3.34 metres. Because of the disseminated nature of the mineralization at the Poplar Deposit, it is not possible to make a statement as to the true width for this hole.
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About the Poplar Copper Deposit
The Poplar copper deposit hosts an historical indicated mineral resource of 131 million tonnes grading 0.31 per cent copper, 0.009 per cent molybdenum, 0.09 gram per tonne gold and 2.39 grams per tonne silver, and a historical inferred mineral resource of 132 million tonnes grading 0.27 per cent Cu, 0.005 per cent Mo, 0.07 g/t Au and 3.75 g/t Ag has been identified through the drilling of 147 historical holes.
These historical indicated and inferred resources were disclosed by Lions Gate Metals Inc. in its technical report dated March 30, 2012, prepared by Gary Giroux, PEng.
About Universal Copper.
Universal Copper Ltd. (UNV: TSX-V; FWB: 3TA1) is a Canadian-based mineral exploration company focused on the acquisition, exploration and development of mineral properties. Our objective is to build shareholder value through exploration and potential development or acquisition of existing projects with significant up-side.