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Universal Copper Ltd. is set to launch a 6,000-metre drill program at its Poplar Project in British Columbia, having secured all necessary permits. Scheduled for Q2 2021, the drilling aims to expand the existing deposit and explore new high-priority targets. The project covers 39,280 hectares and is well-positioned in a historical mining area, accessible by road and power. CEO Clive Massey emphasized the potential of the Poplar asset, citing favorable market conditions driven by rising copper demand.
Universal Copper Ltd. (OTC: ECMXF) has signed a DTC Corporate Eligibility and Consulting Services Agreement with Matador Capital Markets Corp. The partnership will facilitate Universal Copper's application to the Depository Trust Company (DTC) for electronic clearing and settlement of its shares in the U.S. Clive Massey, CEO, emphasized that DTC eligibility will simplify trading and accelerate transactions for U.S. shareholders. The company focuses on acquiring and exploring copper properties, particularly the Poplar Copper Project in British Columbia.
Universal Copper Ltd. (OTC PINK: ECMXF) has announced plans for a 6000-metre drill program at its Poplar Copper Project, aimed at exploring depth potential and high-priority targets. The company identified nine new exploration targets through a detailed historic review, with ongoing prioritization for drilling. A report from Fitch Solutions indicated global copper demand is expected to outstrip supply in the coming years, bolstering the company's prospects. The Poplar Project boasts a Historic Indicated Resource of 131 million tonnes at 0.31% Cu.
Universal Copper Ltd. (TSXV: UNV, OTC PINK: ECMXF) announced an agreement to acquire the Palermo property from Calderan Ventures Ltd., comprising 240 hectares in Quebec. Located in the Abitibi Greenstone Belt, the property has demonstrated promising gold intersections from historic drilling, including highlights of 0.24 opt Au over 1.2 feet. The acquisition requires issuing 2.2 million shares and completing $150,000 in exploration within 18 months, with no royalties applicable. CEO Clive Massey emphasized the strategic nature of this acquisition in today's strong resource market.