Superior Copper Corporation (TSXV:SPC) has discovered a new zone of copper-silver-gold mineralization at its wholly owned Superior Project. Highlights from drilling included drill hole SPC-14-01 intersecting 1.26 percent copper, 9.89 g/t silver, and 0.10 g/t gold over 5.5 metres.
As quoted in the press release:
SPC-14-01 was drilled vertically at UTM 16T 5212800mN, 671750mE to a total depth of 951.7 m. Mineralization occurs as disseminated to semi-massive chalcocite in a fault bounded hydrothermally altered Keweenawan basalt unit. Additional drilling is needed to determine the attitude of the copper-bearing zone. With this discovery, the Company’s management has decided to retain a second drill rig to continue to develop this new mineralized zone. The original diamond drill rig will continue on iron-oxide-copper-gold (“IOCG”) targets identified by Superior’s geologists and geophysical surveys as previously announced in the Company’s news release on June 3, 2014.