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Superior Copper has entered an agreement to acquire more property to continue exploration drilling in the Batchawana Camp near Sault Ste. Marie.
The exploration company has entered an agreement to acquire portions of the Jogran Porphyry and Richards Breccia properties and 19 claims that are contiguous to the company’s current property in the Batchawana Camp.
The announcement follows the April 5 release of preliminary assay results from the company’s two-drill program at the Coppercorp Mine area, where Superior continues to intersect high-grade copper mineralization.
Highlights include one hole that intersected 4.87 per cent copper and 61.3 gpt silver over 3.6 metres at a depth of 160 metres. A second hole intercepted the SB Zone at a vertical depth of 150 metres and intersected 1.3 per cent copper, 26.4 gpt silver and 5.06 gpt gold over 1.3 metres.
Superior has secured an exploration permit valid until March 31, 2016 that is compliant with the recent changes to the Ontario Mining Act. It will allow the company to continue exploration activities without any delays related to the new regulations that became mandatory on April 1.