Highlights:
- Hole 21-PC-133 – 479.75 metres at 0.56% copper equivalent (CuEq)– 0.408% copper, 0.013% molybdenum, 0.13 g/t gold and 2.89 g/t silver
- including 68.25 metres at 0.655% copper, 0.016% molybdenum, 0.17 g/t gold and 2.92 g/t silver
- Hole 21-PC-132 – 186.35 metres at 0.436% copper, 0.019% molybdenum, 0.10 g/t gold and 1.72 g/t silver
Table 1. 21-PC-132 and 21-PC-133 Intersections
Hole No | m from | m to | m length | g/t Au | g/t Ag | % Cu | Mo ppm | Cu Eq. |
21-PC-132 | 5.65 | 192 | 186.35 | 0.10 | 1.72 | 0.436 | 0.019 | 0.59 |
21-PC-133 | 21.25 | 501 | 479.75 | 0.13 | 2.89 | 0.408 | 0.013 | 0.56 |
21-PC-133 | 247.25 | 315.5 | 68.25 | 0.17 | 2.92 | 0.655 | 0.0156 | 0.84 |
Copper equivalents based on the following: copper
Because of the disseminated nature of the mineralization at the Poplar Deposit, it is not possible to make a statement as to the true width for holes 21-PC-132 and 21-PC-133.
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The 2021 Poplar drill holes were all drilled vertically, designed to test for continuity of copper-gold mineralization, test for extensions to depth, improve the understanding of mineralization geometry, and to infill gaps within possible high-grade mineralized volumes. The company plans to use the 2021 drill core material for metallurgical test work as well as geological/resource evaluation and testing going forward in 2022.
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Mineralization consists predominantly of pyrite, chalcopyrite and molybdenite associated with strongly altered intrusive rocks. Pyrite and chalcopyrite occur as disseminations, stringers, veins, and veinlets in domains of strongly developed quartz vein stockworks and porphyry dikes. Molybdenite, where observed is almost exclusively associated with quartz-sulphide veins, typically pyrite and chalcopyrite, but sphalerite was also present in several veins. Potassic alteration of varying intensity and silicification were noted throughout 21-PC-133, consisting of biotite and K-feldpar, with zones of phyllic and propylitic alteration noted through the central section of the drill hole. Biotite flooding was common in the upper portion of the hole.
Universal plans to deploy upcoming drill campaigns in 2022 to increase the mineralized volume for the high-grade copper domains at Poplar as well as testing for 1) extensions to known mineralized zones, and 2) new brownfields copper-gold zones.
Table 2. Drill Hole Data
21-PC-132 Statistics | 21-PC-133 Statistics | ||||||||
ppm Cu | ppm Mo | g/t Au | g/t Ag | ppm Cu | ppm Mo | g/t Au | g/t Ag | ||
Max | 7750 | 1250 | 0.22 | 25.80 | 35500 | 608 | 0.85 | 31.00 | |
Min | 175 | 2 | 0.002 | 0.11 | 1420 | 11 | 0.04 | 0.39 | |
Median | 1910 | 96 | 0.03 | 0.72 | 3910 | 101 | 0.13 | 1.97 | |
Mean | 1807 | 73 | 0.03 | 0.71 | 3863 | 89 | 0.12 | 2.01 |
QA/QC
The entire length of core for 21-PC-132 and 21-PC-133 was sawn and sampled at continuous 3 metre or less intervals, with a few samples taken at shorter or longer intervals based on apparent lithological, alteration or mineralization contact. The program was supervised by independent geologist
All core samples were analyzed utilizing ALS's MEICP-61 procedure, a four-acid digestion of a one-gram sample with an ICP finish. All core samples were also analyzed utilizing ALS’s Au-ICP21 procedure, a 30-gram gold fire assay with an ICP-AES finish. Over limits were re-analyzed utilizing ALS’s OG-62 procedure, an ICP-AES 4 acid procedure.
In addition to Universal’s third-party standards, a routine quality assurance/quality control (QA/QC) procedure monitored the analytical quality at the lab. Certified reference materials (CRMs), pulp duplicates and blanks were inserted into each lab batch of samples. The Universal and ALS Lab QA/QC data showed no irregularities.
About Poplar
The 61,566-hectare
Poplar lies in a historic mining region, located 35km from the
References
1https://kodiakcoppercorp.com/news/news-releases/kodiak-reports-complete-drill-results-for-mpd-20-004-535.1-m-of-0.49-copper-and-0.29-g-t-gold-0.76-cueq/
2https://hudbayminerals.com/investors/press-releases/press-release-details/2021/Hudbay-Announces-Significant-New-Discovery-at-its-Copper-World-Properties-Adjacent-to-Rosemont/default.aspx
Qualified Person
The technical content of this New Release has been reviewed and approved by
About
For additional information, please visit the Company's website at www.universalcopper.com
ON BEHALF OF THE BOARD OF DIRECTORS
“Clive Massey”
President & CEO
For further information, please contact:
Investor Relations
Phone: (604) 341-6870
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Forward-Looking Statements
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