Results from recent drill samples taken from Superior Copper’s Algoma property are encouraging the company to further its exploration program.
Mineralization was sampled in eight of eight completed drill holes, and two of six tested targets warrant follow-up exploration, according to a news release.
The company’s Superior Project is located at the site of the former producing Coppercorp Mine, located 85 kilometres north of Sault Ste. Marie.
The objective of the 2014 exploration program was to drill test targets indicated by favourable geophysical anomalies, and management has been encouraged with the results to date, according to the release. Follow-up exploration targets will be considered once all results have been returned and reviewed by the company’s geologists. The company is fully financed to continue and complete its 2015 exploration budget.
Superior Copper has drilled a total of 11,992 metres to date and taken 2,001 samples, amounting to roughly 26 per cent of the project budget. Eight diamond drill holes have been completed, testing six of the initial eleven targets. Two drill holes are currently in progress, and one drill hole will be returned to after it was delayed due to a water shortage earlier in the summer.
Assays have been returned for four of the eight complete holes. Visible mineralization and anomalous copper values have occurred in all drill holes completed to date.
