Superior Copper Corporation
TSX VENTURE : SPC

Superior Copper Corporation

November 27, 2014 08:30 ET

Superior Copper Intersects 8.27 Meters of 1.87% Copper

TORONTO, ONTARIO--(Marketwired - Nov. 27, 2014) - Superior Copper Corp. (the "Company") (TSX-VENTURE:SPC) is pleased to announce the latest assay results returned from the Summer 2014 drill program at its wholly owned Superior Project located 85km north of Sault Ste. Marie, Ontario.

Diamond drill hole SPC-14-07 returned anomalous copper over a width of 57.12m. Visible copper sulphide mineralization occurred in fractures and narrow quartz veins hosted in intensely altered mafic volcanic and clastic sedimentary units. Also of significance was the presence of molybdenite, which most commonly forms in high temperature hydrothermal veins and has not previously been reported in this area of the project.

Diamond drill hole SPC-14-08 was targeted to test a 2.5km long low resistivity ZTEM trend 600m to the northwest of SPC-14-06 that intersected over 80m of low grade mineralization. (see the Company's Press Release dated November 10, 2014). SPC-14-08 intersected three intervals that returned over 1% copper occurring between 852.42m and 945.55m depth. The most significant intersection was 1.18% copper, 0.93gpt silver, and 0.22 gpt gold over 8.27m including 16.40% copper, 11.20 gpt silver, and 3.11 gpt gold over 0.50m. Mineralization occurred as fracture controlled chalcopyrite with minor bornite in mafic volcanics and as semi-massive to massive chalcopyrite in an intensely silicified host rock. Detailed results can be found in Table 1.

Diamond drill hole SPC-14-10 intersected four intervals that returned over 1% copper that occurred between 98.25m and 262.97m. The most significant intersection was 5.53% copper, 36.95gpt silver, and 0.02gpt gold over 1.85m. Mineralization occurred in veins and vein breccia hosted by mafic volcanics.

Table 1 Please see the Drill Hole Location Map below
Hole No. From To Width Cu (%) Au (gpt) Ag (gpt)
SPC-14-07
1155.88

1213.00

57.12

anomalous

-

-
SPC-14-08 852.43 855.56 3.13 0.81 0.05 0.5
Including 854.00 855.17 1.17 1.69 0.08 0.91
SPC-14-08 873.53 874.07 2.98 1.08 0.01 0.77
SPC-14-08 937.28 945.55 8.27 1.18 0.22 0.93
Including 937.28 937.55 0.27 1.75 0.20 1.14
940.62 941.20 0.58 1.17 0.23 1.61
944.00 944.50 0.50 16.4 3.11 11.20
SPC-14-10 98.25 98.75 0.50 1.35 12.00 0.01
SPC-14-10 177.85 179.60 1.75 1.72 1.45 0.02
Including 178.85 179.60 0.75 3.49 2.72 0.04
SPC-14-10 253.52 253.82 0.30 1.20 12.90 -
SPC-14-10 261.12 262.97 1.85 5.53 0.02 36.95
Including 261.12 261.42 0.30 5.15 0.04 34.50
261.42 262.26 0.84 8.88 0.02 60.10
262.26 262.97 0.71 1.73 - 10.60
*True widths cannot be established at this time.

To date 12,557m has been drilled on regional targets including 2,609m on the 3M Zone. Recent ground IP results on the 3M Zone show a 2 km long chargeable zone coincident with its discovery. Follow-up drilling is planned for this new discovery in the New Year.

"We are continually impressed with the occurrence of copper minerals no matter what corner of this large land package we drill," says John Tait, CEO, "Currently our geologists are compiling all the drill data from the last drill program, interpreting their findings and prioritizing drill targets for the New Year. There are also several regional targets we have not drilled from our Phase One Program."

To view the Drill Hole Location Map, please visit the following link: http://media3.marketwire.com/docs/spc_map.jpg

About Superior Copper Corporation

Superior Copper Corporation is a Canadian-based exploration company focused on base and precious metal exploration. The Company's primary objective is to target highly prospective and underexplored mineral properties, particularly copper, in order to meet the continual global demand. Its primary land position is its 100%-owned Superior Project, which covers 17,874 hectares or 179 square km, and is located approximately 85 km north of Sault Ste. Marie, Ontario.

The technical aspects of this press release have been reviewed by D. Morgan Quinn, P.Geo., who is the "Qualified Person" as defined by NI 43-101 for this project. QA /QC and assay procedures can be found on the Company's press release dated July 8, 2014.

CAUTIONARY STATEMENT: Neither the TSX Venture Exchange ("TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, use of proceeds from the Offering, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. Please see our public filings at www.sedar.com for further information.

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