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

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
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 and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said "No to LUNs." With Tintri they manage only virtual machines, in a fraction of the footprint and at far lower cost than conventional storage. Tintri offers the choice of all-flash or hybrid-flash platform, converged or stand-alone structure and any hypervisor. Rather than obsess with storage, leaders focus on the business app...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
SYS-CON Events announced today that WineSOFT will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...