Subscribe
Be the first with the news that moves the market- Universal Copper Ltd. (UNV) reported drill results from the remaining Spring 2022 diamond drilling program holes at its flagship Poplar Copper Deposit
- Hole 22-PC-138 – 0.500per cent copper equivalent (CuEq)– 0.401 per cent copper, 0.15 g/t gold and 1.27 g/t silver over 214.4 metres
- Hole 22-PC-139 – 0.564 per cent copper equivalent (CuEq) – 0.412 per cent copper, 0.02 per cent molybdenum, 0.10 g/t gold and 1.14 g/t silver over 162.8 metres
- Within a larger interval of 222.8 metres at 0.0461per cent CuEq – 0.338 per cent copper, 0.017 per cent molybdenum, 0.08 g/t gold and 0.96 g/t silver
- Shares of Universal Copper (UNV) are trading steady at $0.04 as of 4 pm ET
Universal Copper (UNV) reported drill results from the remaining Spring 2022 diamond drilling program holes at its flagship Poplar Copper Deposit.
Highlights:
- Hole 22-PC-138 – 0.500per cent copper equivalent (CuEq)– 0.401 per cent copper, 0.15 g/t gold and 1.27 g/t silver over 214.4 metres;
- Hole 22-PC-139 – 0.564 per cent copper equivalent (CuEq) – 0.412 per cent copper, 0.02 per cent molybdenum, 0.10 g/t gold and 1.14 g/t silver over 162.8 metres
- within a larger interval of 222.8 metres at 0.0461per cent CuEq – 0.338 per cent copper, 0.017 per cent molybdenum, 0.08 g/t gold and 0.96 g/t silver
Universal Copper’s CEO, Clive Massey stated that his team’s ongoing ability to recover long intervals of porphyry copper mineralization at Poplar is the result of several months of focused technical work including drill core re-logging and detailed geological modeling.
“The three-dimensional targeting framework is coming into focus for the first time in the project history and Universal Copper intends to leverage newly defined geological controls on mineralization to continue to produce robust porphyry copper intercepts. Our objective is to increase the grade and tonnage of the Poplar Resource and establish it as a top-tier road accessible deposit in the Central British Columbia Porphyry-Epithermal Belt.”
Universal Copper Ltd. (UNV) is a Canadian-based copper exploration company focused on the acquisition and exploration of copper properties.
The 615.6 sq km (61,566 hectare) Poplar Project is located southwest of Houston, British Columbia and 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 with 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.
Shares of Universal Copper (UNV) are trading steady at $0.04 as of 4 pm ET.
