Welcome!

News Feed Item

Superior Copper Announces Staking of New Claims at the Coppercorp Project

TORONTO, ONTARIO -- (Marketwired) -- 03/06/14 -- Superior Copper Corporation ("Superior Copper" or the "Company") (TSX VENTURE:SPC) is pleased to announce that it has staked 22 claims covering 3,973 hectares adjacent to its 100% owned Coppercorp Project in the Mamainse Point area, located approximately 85 kilometres north of Sault Ste. Marie, Ontario. The addition of the new claim block increases the Company's current land position at its Coppercorp Project to 15,789 hectares or 158 square km. See attached map for reference.

Project Update

Superior Copper plans to focus its exploration efforts on targeting areas with the most potential of a significant new discovery. Models being considered include Iron-Oxide-Copper-Gold ("IOCG") type deposits in the Proterozoic Keewenawan Supergroup and ultramafic hosted Nickel-Copper-Platinum Group Element types in the adjacent Archean.

The IOCG model will be targeted due to similar mineralogical, geological, tectonic, alteration and geophysical characteristics found in the IOCG family type deposits similar to the large deposits in southeast Australia (Olympic Dam, Ernest Henry, Prominent Hill) and the Carajas District in Brazil. Of significance at the Coppercorp Project is a large 5 x 5 km regional magnetic high with coincident gravity anomalies. This same geophysical correlation has led to many of the discoveries of IOCG-type deposits around the world. Mamainse Point has been identified as prospective for IOCG-type deposits by previous companies (Falconbridge Ltd./Intrepid Minerals Corp.), however drilling to date has been minimal and shallow, 2 holes less than 225 meters vertical each and no drilling has explained the magnetic or gravity highs.

The Olympic Dam deposit, which has hosted 9 billion tonnes of 1.6% copper, 0.6 kilograms per tonne uranium-oxide, 0.6 g/t gold, and 6 g/t silver was discovered 335 m below flat lying sediments after targeting a coincident magnetic-gravity high anomaly. Superior Copper has commissioned Geotech Ltd. to fly an airborne ZTEM survey in March 2014, which will aid in targeting these deeper-seated IOCG-type deposits.

The ultramafic intrusion hosted Nickel-Copper-Platinum Group Element model is based on deposits found around the edges of Lake Superior Mid Continental Rift. Model types include the Eagle Mine in Michigan (5.3 million tonnes ("mT") 3.1% nickel and 2.5% copper), the Tamarack discovery in Minnesota (9 mT of 1% nickel and 0.7% copper, the Marathon Coldwell Complex in Ontario (91 mT with 2.4 million ounces ("oz") palladium, 696,000 oz platinum, 251,000 oz gold, 497 million pounds copper and 4.2 million oz silver) and more recently the PGE discovery by Transition Metals Corp. at their Sunday Lake Project north of Thunder Bay.

Typically these deposits are characterized by circular magnetic highs that may represent pipe-like conduits that host mineralized magma deposited during intracontinental rifting events. A number of these similar magnetic features have been identified on the Superior Copper claim group from historical geophysical data but have failed to be recognized as a potential target by previous companies.

"The project now covers the majority of prospective geology at Mamainse Point, Ontario giving Superior Copper control over this exciting exploration play. Our geologists are working diligently on targeting two deposit model-types, both of which have the potential to result in a significant new discovery," said President and CEO John Tait.

Superior Copper Corporation

Superior Copper Corporation is a Canadian-based exploration company focused on base and precious metal exploration. The Company's primary objective is to target highly prospective and underexplored mineral properties, particularly copper. Its primary land position is its 100% owned Coppercorp Project which covers 15,789 hectares or 158 square km in the Mamainse Point area, located approximately 85 km north of Sault Ste. Marie, Ontario.

For more information about the Company, please visit www.superiorcopper.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/CoppercorpMAP06.pdf.

Shares Outstanding: 101,606,284

Contacts:
Superior Copper Corporation
John Tait
President and CEO
416-628-5905
[email protected]
www.superiorcopper.ca

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...