Highlights:
- Hole 21-PC-135 – 492.7 metres at 0.37% copper equivalent (CuEq)– 0.288% copper, 0.09 g/t gold and 4.16 g/t silver
- including 78 metres at 0.55% CuEq – 0.391% copper, 0.13 g/t gold and 12.01 g/t silver
- and including the bottom 129 metres at 0.685% CuEq – 0.546% copper, 0.15 g/t gold and 6.94 g/t silver
- Hole 21-PC-136 – 45 metres at 0.56% CuEq – 0.430% copper, 0.17 g/t gold and 3.81 g/t silver and a second interval of 24 metres at 0.68% CuEq – 0.514% copper, 0.19 g/t gold and 6.86 g/t silver
Table 1. 21-PC-135 and 21-PC-136 Intersections
HOLE | FROM | TO | LENGTH | Cu | Mo | Au | Ag | CuEQ* |
ID | (m) | (m) | (m) | (%) | (%) | (g/t) | (g/t) | (%) |
21-PC-135 | 258 | 336 | 78 | 0.390 | 0.000 | 0.13 | 12.01 | 0.554 |
21-PC-135 | 369 | 498 | 129 | 0.546 | 0.001 | 0.15 | 6.94 | 0.685 |
21-PC-135 | 5.3 | 498 | 492.7 | 0.288 | 0.001 | 0.09 | 4.16 | 0.374 |
21-PC-136 | 237 | 282 | 45 | 0.430 | 0.002 | 0.17 | 3.81 | 0.561 |
21-PC-136 | 345 | 369 | 24 | 0.514 | 0.001 | 0.19 | 6.86 | 0.678 |
21-PC-136 | 417 | 432 | 15 | 0.375 | 0.005 | 0.09 | 3.26 | 0.470 |
* 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-135 and 21-PC-136.
Figure 1. Dill Hole Locations
https://www.universalcopper.com/images/gallery/UNV_News_58.jpg
The 2021 Poplar drill holes were drilled vertically and designed to test for continuity and grade of copper-gold mineralization, test for extensions to depth, improve the understanding of mineralization geometry, and to infill gaps within potential high-grade mineralized volumes. The last three holes of the 2021 campaign were drilled into the
Mineralization plunges below surface moving eastward from the
Figure 2. Section 5987000N
https://www.universalcopper.com/images/gallery/UNV_News_57.jpg
Mineralization and alteration are similar to the earlier released 2021 drill holes, associated with strongly altered porphyry intrusions and consists predominantly of pyrite, chalcopyrite and molybdenite. Pyrite and chalcopyrite form disseminations, fracture fillings, stringers, veins, and veinlets in domains of strongly developed quartz vein stockworks and dikes. Traces of bornite were also noted. Molybdenite, where observed is associated with quartz-sulphide veins, typically pyrite and chalcopyrite.
There is a considerable amount of post mineralization dykes in the
Preliminary interpretations from the Vector Geological Solutions exploration targeting campaign (see January 13, 2022, News Release) indicates that faulting plays a key role in the Poplar deposit. Recognition of this structural framework suggests that considerable potential for expansion of both the mineralized footprint as well as higher grade mineralization within the footprint exists. The next phase of the drilling program will focus on first pass testing of these concepts from the exploration targeting.
Data compilation and targeting work programs continue, leveraging decades of work in the district to identify additional Cu-Au and polymetallic targets across the large 61,566 Ha land position.
Table 2. Drill Hole Data
21-PC-135 Statistics | 21-PC-136 Statistics | ||||||||
ppm Cu | ppm Mo | g/t Au | g/t Ag | ppm Cu | ppm Mo | g/t Au | g/t Ag | ||
Max | 10600 | 111 | 0.339 | 83.00 | 7350 | 245 | 0.366 | 14.35 | |
Min | 3 | 1 | 0.002 | 0.10 | 2 | 1 | 0.001 | 0.02 | |
Median | 2715 | 4 | 0.084 | 1.93 | 573 | 6 | 0.033 | 0.86 | |
Mean | 1611 | 5 | 0.061 | 1.94 | 340 | 6 | 0.030 | 0.81 |
QA/QC
The entire length of core for 21-PC-135 and 21-PC-136 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 contacts. 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
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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