US Copper Corp Completes Drill Program at Moonlight-Superior Copper Project in California
US Copper Corp Completes Drill Program at Moonlight-Superior
Copper Project in California
TORONTO, CANADA, August 21, 2023 – US Copper Corp. (“US Copper” or the “Company”)
(TSX Venture: USCU) (OTCQB: USCUF) (Frankfurt: C730) is pleased to announce the
completion of the exploration drilling program announced on Jun e 8, 2023, at the Company’s
wholly-owned Moonlight-Superior Copper Project, located in Plumas County, California.
The Moonlight-Superior Project has a mineral resource estimate of 1.3 billion pounds of copper
indicated and 1 billion pounds of copper inferred across three deposits – Moonlight, Superior and
Engels. The resource estimate is contained in the National Inst rument 43-101 (“ NI 43-101 ”)
Technical Report and Resource Estimate for the Superior Project, Plumas County, California, with
an effective date of November 15, 2013, available on US Copper’ s website and on SEDAR+ at
www.sedarplus.ca.
A total of 15 shallow holes totalling 3,990 feet were drilled a t the Engels deposit to test the oxide
cap that sits atop the Engels copper sulfide deposit. Drilling at Engels proceeded quickly and the
Company was also able to drill an additional 15 holes at the Moonlight deposit totalling 2,430 feet
to test the oxide cap on that deposit. A further two holes wer e then drilled at the Lambs Ridge
historical copper deposit. Samples from all 32 holes have been logged, bagged and sent to the lab
for assays. Assay results are expected to be available in September.
The main objectives of the 2023 exploration drill program include:
1. Upgrading and potentially expanding the current oxide resource estimate;
2. Providing samples for preliminary metallurgical evaluation; and
3. Providing initial data for inclus ion in a preliminary economic assessment on the Engels
oxide deposit.
“As an exploration and development stage company with a copper project in northern California,
we welcome the recent decision by the U.S. Department of Energy to add copper to the critical
materials list. This decision was based on the high risk of U. S. copper supply disruption and its
importance to domestic manufacturers of electric vehicles and c lean energy technologies. With
global copper demand projected to double by 2035, the U.S. will need to develop a secure and
responsible domestic supply of m ined copper. We look forward t o working with our California
stakeholders and prospective part ners to advance the strategica lly important Moonlight-Superior
Copper Project.” commented Stephen Dunn, President and CEO of US Copper.
The Company would also like to announce that its Board has approved the grant of 4,625,000 stock
options to certain directors, o fficers and consultants of the C ompany, subject to regulatory and
TSX Venture Exchange approval. The stock options have been issu ed with an exercise price of
$0.10 per share, vest immediately, and have a 3-year term.
Qualified Person
The scientific and technical content of this press release has been reviewed and approved by
George Cole, M.Sc., Director of US Copper who is a “Qualified P erson” as defined in National
Instrument 43-101 Standards of Disclosure for Mineral Projects. George Cole is a Registered
Professional Geologist through AIPG (CPG-11687).
About US Copper Corp
US Copper controls approximately 13 square miles of federal min ing claims in the Light’s Creek
Copper District in Plumas County, NE California; essentially, t he entire District. The District
contains substantial copper (silv er) sulfide and copper oxide r esources in three deposits –
Moonlight, Superior and Engels, as well as several partially tested and untested exploration targets.
The Superior and Engels Mines operated from about 1915-1930 pro ducing over 161 million
pounds of copper from over 4 MT of rock containing 2.2% copper with silver and gold credits.
The Moonlight Deposit was discovered and drilled by Placer Amex during the 1960s. Details of
the resources on US Copper’s property and the parameters used to calculate them can be found in
the “Technical Report and Preli minary Economic Assessment for t he Moonlight Deposit,
Moonlight-Superior Copper Project, California, USA” dated April 12, 2018, on both the
Company’s website at www.uscoppercorp.com or on www.sedarplus.ca under the US Copper Corp
profile.
For Further Information Contact:
Mr. Stephen Dunn
President, CEO and Director
US Copper Corp.
T: (416) 361-2827
Neither the 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 press release.
This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities
laws and regulations, including statements regarding the future activities of the Company, projected demand for
copper and development of copper supply in the United States. Forward-looking statements reflect the current beliefs
and expectations of management and are identified by the use of words including “will”, “hopes”, “anticipates”,
“expected to”, “plans”, “planned”, “intends”, “project ed” and other similar words. Actual results may differ
significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks,
including those described in the Company’s management discussion and analysis as filed with the Canadian securities
regulatory authorities which are available at www.sedarplus.ca. Investors are cautioned not to place undue reliance
upon forward-looking statements.