Superior Copper Acquires Fifty Percent of the Richards Breccia

    




 TSXV Symbol: SPC  Shares Outstanding: 64,754,269 

 TORONTO, July 16, 2012 /CNW/ - Superior Copper Corporation  has entered into an agreement to acquire fifty percent of the Richards  Breccia Property located in Ryan Townships near Batchawana Bay,  approximately 80 kilometres north of Sault Ste. Marie, Ontario; subject  to regulatory approval.  Superior Copper will acquire a 50% interest in  the project by issuing 750,000 shares to the vendor; Delio Tortosa. 

 The Richard's Breccia Property covers 2 unpatented mineral claims over  128 hectares. The property is located in the Batchawana Greenstone Belt  of the Archean Superior Province near the margin of the Proterozoic  Southern Province. 

 The property contains the Richards Breccia Prospect, a near vertical  diatreme breccia which intrudes the metavolcanic rocks of the  Batchawana Greenstone Belt. The breccia is thought to be  mid-Proterozoic in age, similar to the Tribag Breccias which were mined  in the late 1960's and early '70s and are located 10 kilometres to the  northeast. 

 In 1997 and 1998, Aurogin Resources drilled three shallow holes into the  Richards Breccia which encountered significant copper mineralization  (AR97-24: 0.67% Cu over 13.7 metres; AR97-25: 0.86% Cu over 40.5  metres; AR98-07: 1.46% Cu over 26.8 metres). Mineralization consists of  disseminated chalcopyrite accompanied by quartz, biotite, calcite, and  hematite. The breccia was intersected to depths of 40 to 80 metres and  is circular in shape, with an exposed surface expression of  approximately 50 metres in diameter. 

 The technical information contained in this news release has been  reviewed by Roger Moss, P. Geo. who is a "Qualified Person" under  National Instrument 43-101 and a Director of Superior Copper. The  historical results presented here have not been verified, and are given  for information purposes only. 

 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 increasing global  demand.  The Company has two key exploration projects; the Batchawana  Copper Project and the Rivière Doré Project in Quebec. 

 CAUTIONARY STATEMENT: Neither TSXV nor its Regulation Services Provider  (as that term is defined in the policies of the TSXV) 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, 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. 

Superior Copper Corporation


CONTACT:  Superior CopperJudy Baker, President & CEOTel: 416.479.0893 Ext 401Email: [e-mail] site: www.superiorcopper.ca 


    

Copyright