- US Copper Corp. (TSXV:USCU) has commenced a 2023 exploration drill program at its Moonlight-Superior Copper Project in California
- The program will focus on the Engels deposit and include 15 reverse circulation drill holes into the oxide cap that sits on top of the Engels sulfide deposit
- The Moonlight-Superior Project has a mineral resource estimate of 589.6 million kilograms of copper indicated and 453.5 million kg of copper inferred
- US Copper Corp. (USCU) opened trading at $0.05 per share
US Copper Corp. (TSXV:USCU) has commenced a 2023 exploration drill program at its Moonlight-Superior Copper Project in California.
The program will focus on the Engels deposit and include 15 reverse circulation drill holes into the oxide cap that sits on top of the Engels sulfide deposit. Sample intercepts from prior programs at Engels reveal a high-grade copper oxide cap developed to depths greater than 70 metres across an area of at least 152 metres by 304 metres.
Designed to further delineate and define the oxide resource at the Engels Project, the main objectives of the 2023 drill program include:
- Upgrade and potentially expand the current oxide resource estimate
- Provide samples for preliminary metallurgical evaluation
- Provide initial data for inclusion in a preliminary economic assessment on the Engels oxide deposit
The Moonlight-Superior Project has a mineral resource estimate of 589.6 million kilograms of copper indicated and 453.5 million kg of copper inferred across three deposits – Moonlight, Superior and Engels.
Stephen Dunn, US Copper’s President and CEO, said that back in 1960, the United States produced 35 per cent of global mined copper, but today, it produces just 6 per cent of global mined copper and reported a copper import reliance of 45 per cent.
“In response to our current environment of rapidly growing demand and disruptive global and geopolitical issues, senior copper industry leaders have speculated publicly about a lack of investable projects worldwide. Acknowledging these realities, we believe it is time for the U.S. to rebuild a secure, reliable, responsible, and economic domestic copper supply. Results from our 2023 exploration drill program are expected to assist US Copper in evaluating the potential to quickly develop an oxide open pit operation at the Engels deposit, an initial step in rebuilding domestic copper supply.”
US Copper Corp controls 33.6 sq. km of patented and unpatented federal mining claims in the Light’s Creek Copper District in Plumas County, northeast California. 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 company recently stated that President Biden’s decision to invoke the Defense Act to expand domestic production of critical minerals should facilitate its ongoing efforts to advance its large Moonlight-Superior Project, back into production. Click here to read more.
US Copper Corp. (USCU) opened trading at $0.05 per share.
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