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

Superior Copper Corporation
John Tait
President and CEO
[email protected]

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
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
@DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises - and delivering real results.
DXWorldEXPO LLC announced today that Dez Blanchfield joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Dez is a strategic leader in business and digital transformation with 25 years of experience in the IT and telecommunications industries developing strategies and implementing business initiatives. He has a breadth of expertise spanning technologies such as cloud computing, big data and analytics, cognitive computing, m...
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.
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...