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Superior Gold Inc.
Summary
| Project: | Hermes | |
|---|---|---|
| Deposit: | Hermes South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-3-2018: Superior Gold Inc. announces an Exploration/Drilling Update report for its Hermes South deposit at the Hermes project. Old core, new assay results incl. 9.0m @ 9.3g/t Au from 136.2m. Toronto, March, 21, 2018 – Superior Gold Inc. (“Superior Gold | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Pascal Blampain (Internal) | |
| ABSTRACT: | Toronto, March, 21, 2018 – Superior Gold Inc. (“Superior Gold” or the “Company”) (TSX.V:SGI) is pleased to announce the discovery of a new intersection at its Hermes South project, which is located approximately 20 kilometres south southwest of the Hermes mining operation, which is in turn located 65 kilometres southwest of the Company’s 100%-owned Plutonic gold mine in Western Australia Figure 1. The Hermes South project is within the Bryah Basin joint venture with Alchemy Resources Ltd. (ASX:ALY). The Company’s interest in the joint venture is an earn-in option which, upon completion of the earn in (requiring expenditures of AUS$1.2 million over three years), will give the Company an interest of up to 80% in the joint venture. In early 1988, it was the site of trial open pit mining (to a maximum depth of 20 metres) by Esmerelda Exploration Ltd. which processed approximately 2,722 ounces at the Horseshoe Lights operation 65 kilometres to the north. Reverse circulation and diamond core drilling was completed by Alchemy Resources in 2010 and additional air core and reverse circulation drilling was completed in 2012. | |
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