Universal Intersects 257.61 m of 0.488% Copper within 394.82 m at 0.413% Copper at Poplar Property
VANCOUVER, BC - Universal Copper Ltd. reported the results from Drill Hole ("19-PC-129") from its 62,000 hectare Poplar copper property, southwest of Houston, British Columbia. The purpose of 19-PC-129, drilled at an angle of -80o, was to test the main Poplar deposit to depth. The hole was successful with continuous copper mineralization from 48.8 meters through to a major shear zone fault at 538 meters.
The full interval averaged 0.362 % copper over 489.2 meters with a higher-grade interval of 0.488% copper between 230.36 meters and 487.97 meters within a larger interval of 0.413% copper between 143.18 and 538 meters. The hole was terminated at 551 meters on the other side of the shear zone fault.
Clive Massey, Universal Copper's CEO, said, "We are ecstatic to have intersected strong consistent copper mineralization through the length of the drill hole until terminated by the newly discovered shear zone fault. As mineralization was consistent until just above the fault, we believe the copper mineralization was displaced below the fault and Universal will focus on locating the displaced block."
Mineralization consists of pyrite, chalcopyrite and molybdenite, with pyrite being the dominant sulfide, though in places chalcopyrite content exceeds pyrite content. Pyrite and chalcopyrite occur as disseminations, stringers, veins and veinlets. Molybdenite, where observed is almost exclusively associated with quartz-sulphide veins, typically pyrite and chalcopyrite, but sphalerite was also present in several veins.
The Poplar copper deposit hosts an historical indicated mineral resource of 131 million tonnes grading 0.31 per cent copper, 0.009 per cent molybdenum, 0.09 gram per tonne gold and 2.39 grams per tonne silver, and a historical inferred mineral resource of 132 million tonnes grading 0.27 per cent Cu, 0.005 per cent Mo, 0.07 g/t Au and 3.75 g/t Ag has been identified through the drilling of 147 historical holes.