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Universal Copper Ltd. (TSXV:UNV) New Listing

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The company recently signed a non-binding Letter of Intent with Max Resources to purchase a 100% interest in 7 mineral license applications comprising the North Block of Max’s Gachala Copper project 60 kilometers east of Bogota, Colombia.

Additional Information:

Company: Universal Copper Ltd.
Website: http://www.universalcopper.com
Stock Symbol: TSXV: UNV
Date Published: Mar 13, 2019
Transcript: Available

Video Transcript:

I’m Nadika Vissy for Investmentpitch Media

Universal Copper Ltd. is one of the latest new listing on the TSX Venture Exchange, trading under the symbol “UNV”, having previously traded as Tasca Resources, prior to a two old for one new share consolidation.

The company recently signed a non-binding Letter of Intent with Max Resources to purchase a 100% interest in 7 mineral license applications comprising the North Block of Max’s Gachala Copper project 60 kilometers east of Bogota, Colombia.

The North Block consists of 7 mineral license applications, covering an area of 13,280 hectares, believed to be highly prospective for sedimentary copper deposits.

Two of the license applications are contiguous to areas where historical exploration returned rock sample values ranging from 1.6 to 7.82 percent copper, although the company cautions investors it has not yet
verified any of the historical data.

Clive Massey, CEO, stated: "I am extremely bullish on the future price of copper. When Max Resource Corp.’s gold discovery in Choco unexpectedly made the Gachala project available I felt Tasca had to pounce on the opportunity. We are planning to implement an aggressive exploration programme for this year and are very fortunate to have Brett Matich, Max’s President and CEO prepared to assist our technical team, as both the team and Mr. Matich are convinced a concentrated exploration effort in the underexplored Gachala region has the potential to define the world's next copper frontier."

Brett Matich, President and CEO of Max Resource Corp, added: “I am looking forward to assisting Tasca’s technical team in advancing the Gachala project, as we see the region as a highly prospective area for a massive copper discovery.”

A detailed review of the Colombian Geological Survey reports documents a number of historical copper
occurrences within or adjacent to a number of the Gachala mineral license applications.

Most of these occurrences consist of locations marked on the map with no descriptions in the literature.

The company’s exploration team will immediately commence examination and evaluation of the occurrences in the North Block area to attempt to verify the historical data.

Under the terms of the letter of intent, Universal Copper has agreed to issue a total of 6,000,000 post consolidation common shares to MAX in consideration of the acquisition of a 100% interest in the 7 North Block claims.

The shares are trading at $0.08.

For more information, please visit the company’s website www.universalcopper.com, contact Clive Massey, President and CEO, at 604-644-6794 or email info@universalcopper.com.

I’m Nadika Vissy for Investmentpitch Media