Universal Copper Ltd.
("Universal
Copper" or the
"Company") (TSX Venture:
UNV) (Frankfurt:
3TA2) is pleased
to announce the engagement of Vector Geological Solutions Inc.
(
“Vector”) of North Vancouver, Canada to compile,
review and re-interpret surface and subsurface exploration data
collected between 2011 through 2021, and to execute a targeted
re-logging program designed to enhance exploration drill targeting
at the Company’s flagship Poplar Copper Project
(
"Poplar"), located southwest of Houston, British
Columbia.
Clive Massey, Universal Copper’s CEO and
President commented, “We are very excited
to have Vector’s accomplished team of exploration specialists join
the Poplar Team as technical consultants. The next step forward at
Poplar is to utilize the extensive porphyry experience and
expertise of Vector Geological to leverage the information
contained in the drill core and drive the next phase of the
exploration program so we can increase the Poplar resource
base.”
Daniel MacNeil founder of Vector Geological
commented, “Universal Copper controls a large, strategic
land position in an increasingly active copper-gold-silver endowed
mineral belt in central British Columbia. The
Poplar porphyry deposit constitutes a resource expansion stage
exploration project that has excellent upside potential. The
greater land position contains multiple high-quality exploration
targets defined by favourable geology, alteration, and high
resolution magnetic geophysical anomalies.
These targets have the potential to maximise
shareholder value through exploration drilling
discovery”
Vector geologists Dr. Alan Wainwright and Daniel
MacNeil will direct a systematic data compilation campaign of
historical surface mapping, geochemistry, and geophysics to bring
all information to a common framework. Concurrently, Vector will
execute a targeted drill core re-logging program designed to
enhance 3-dimensional lithology, structure, and geochemical models
which together will form the basis of ongoing exploration
targeting. Vector will leverage cost effective exploration tools
including Portable XRF
(“pXRF”) to
establish geochemical vectors toward mineralization, and a
TerraSpec Halo Spectrometer Mineral Identifier to quantify the
composition, intensity, and 3D distribution of alteration minerals.
These initiatives will define a comprehensive 3D exploration model
which will be used to expand the Poplar deposit.
About Vector
Geological
Vector Geological Solutions provides technical
geological support to the exploration and mining industry. Two of
Vector’s principal consultants are:
Dr. Alan Wainwright, an economic geologist with
20+ years of mineral exploration and research experience in North
America, South America, Europe, and Asia, focused on base metals
and gold. Dr. Wainwright’s Expertise includes copper/gold
exploration, regional metallogeny and volcanic arc geology.
Mr. Daniel MacNeil, a precious and base metal
specialist with 20+ years of experience from continental-scale
project generation to in-mine resource expansion in a wide variety
of geological settings throughout the Americas and Europe. Mr.
MacNeill consults with mid-tier, private and junior
mining/exploration companies globally.
About Poplar
The 61,600-hectare Poplar Project hosts a
current undiluted indicated mineral resource of 152.3 million
tonnes grading 0.32 per cent copper, 0.009 per cent molybdenum,
0.09 gram per tonne gold and 2.58 g/t silver and an undiluted
inferred mineral resource of 139.3 million tonnes grading 0.29 per
cent copper, 0.005 per cent molybdenum, 0.07 g/t gold and 4.95 g/t
silver. The mineral resource estimate has a cut-off grade of 0.20%
copper. Universal Copper cautions investors mineral resources,
which are not mineral reserves, do not have demonstrated economic
viability.
Poplar lies in a historic mining region, located
35km from the Huckleberry Mine and 42km from Equity Silver Mine,
where low snowfalls will allow year-round work. The road accessible
property is bisected by a 138 Kva Hydro electric line and lies 88km
from Houston and 400km from the deep-water port at Prince Rupert by
rail.
Qualified Person
The technical content of this New Release has
been reviewed and approved by R. Tim Henneberry, P. Geo (BC) a
member of the Company’s Advisory Board and a Qualified Person under
National Instrument 43-101.
About Universal Copper
Universal Copper Ltd. is a Canadian-based copper
exploration company focused on the acquisition and exploration of
copper properties. The Company's management team has many years of
experience in exploration, finance, and efficient public company
management. Universal's current focus is on advancing the Poplar
Copper Project, one of the most advanced pre-production copper
projects in British Columbia with a historic 43-101 resource.
For additional information, please visit the Company's website
at www.universalcopper.com
ON BEHALF OF THE BOARD OF
DIRECTORS
“Clive Massey” Clive H. MasseyPresident &
CEO
For further information, please
contact:Investor RelationsPhone: (604) 341-6870
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.
Forward-Looking Statements
This news release contains certain statements
that may be deemed "forward-looking" statements. Forward looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur.
Although Universal Copper Ltd. believes the expectations expressed
in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in
forward looking statements. Forward looking statements are based on
the beliefs, estimates and opinions of Universal Copper Ltd.
management on the date the statements are made. Except as required
by law, Universal Copper Ltd. undertakes no obligation to update
these forward-looking statements in the event that management's
beliefs, estimates or opinions, or other factors, should
change.
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