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Superior Gold Inc.
Summary
| Project: | Plutonic | |
|---|---|---|
| Deposit: | Baltic, Baltic Deeps | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/24/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-6-2020: Superior Gold Inc. announces an Exploration/Drilling Update report for its Baltic, Baltic Deeps deposit at the Plutonic project. Drilling results incl. 6.5m @ 40.4g/t Au from 165.1m. Toronto, June 24, 2020 – Superior Gold Inc. (“Superior Gold” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Keith Boyle (Internal) | |
| ABSTRACT: | Toronto, June 24, 2020 – Superior Gold Inc. (“Superior Gold” or the “Company”) (TSXV:SGI) is pleased to announce results from the ongoing underground diamond drill program focused on reserve and resource expansion at its 100%-owned Plutonic Gold mine in Western Australia. The drilling targeted potential extensions to the gold mineralization in the area between the Baltic and Baltic Deeps Zones. Results are provided for 17 drill holes for a total of more than 2,350 metres of drilling. Chris Bradbrook, President and CEO of Superior Gold stated: “We are very pleased with these drill results, which we believe illustrate the potential to extend the Baltic Zone and connect it towards the Baltic Deeps mineralization. This potential was first illustrated in an earlier set of drill results that was published in late 2019 (refer to the press release dated December 10, 2019). The most recent drilling was completed over a strike length of approximately 150 metres and a vertical extent of more than 120 metres. Mineralization remains open both up and down dip and along strike, in addition to being close to existing infrastructure. The Baltic and Baltic Deep Zones are key components of the five year underground Life of Mine (“LOM”) plan that was announced in October 2019, and consequently, these results illustrate the potential to expand resources used in this plan. These latest results, together with our most recent underground exploration update (refer to the press release dated June 17, 2020), continue to confirm the potential of the mineralized system at the Plutonic Gold mine to deliver positive exploration results, and illustrate the potential to increase overall resources.” | |
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