- US Copper is expanding the diamond drilling program at its Moonlight-Superior Copper Project
- The revised plan is to drill 12-15 holes instead of the initially planned seven holes
- US Copper Corp controls approximately 13 square miles of federal mining claims in the Light’s Creek Copper District
- US Copper is a junior exploration and development company
- US Copper Corp. (USCU) opened trading at C$0.175 per share
US Copper Corp (USCU) is expanding the previously announced diamond drilling program at its Moonlight-Superior Copper Project in California.
The revised plan is to drill 12-15 holes instead of the initially planned seven holes.
The current drill program has been progressing well, with six holes totalling 5,000 feet completed to date at the Superior deposit, one of three deposits at the Moonlight-Superior Copper Project.
With the closing of its $2 million financing in May, the company has determined that it can advance its plans to upgrade the superior deposit with the upsized drill program.
Stephen Dunn, President and CEO, commented,
“We will take advantage of the progress of the drilling unit on site and the availability of funds to expand our 2021 in-fill drilling program at the Superior deposit. This fully-funded program will have the dual objectives of converting existing resources to higher confidence categories as well as quantifying silver and gold credits in the deposit. Silver and gold assays were incompletely assayed by the previous operator because of substantially lower prices for precious metals at that time. At today’s prices, precious metal credits could be much more material to our economics than they were to previous generations.”
US Copper Corp controls approximately 13 square miles of patented and unpatented federal mining claims in the Light’s Creek Copper District in Plumas County, NE 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.
US Copper Corp. (USCU) opened trading at C$0.175 per share.