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Superior Gold Inc.
Summary
| Project: | Plutonic | |
|---|---|---|
| Deposit: | Plutonic | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-12-2019: Superior Gold Inc. announces an Exploration/Drilling Update report for its Plutonic deposit at the Plutonic project. Drilling results incl. 5.55m @ 26.0g/t Au from 1.30m. Toronto, December 10, 2019 – Superior Gold Inc. (“Superior Gold” or the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Pascal Blampain (Internal) | |
| ABSTRACT: | Toronto, December 10, 2019 – 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 was targeting potential extensions to the Baltic mineralization. Results are provided for 43 drill holes for a total of more than 1,750 metres of drilling. The location of this drilling is shown in Figures 1-3. The key intersections are highlighted in Table 1 below and the details of all holes are summarized in Table 2. Reported intersections are over a minimum downhole width of 0.30 metres (0.20 metres true width). The drilling was focused on the area between the deepest parts of the the Baltic Zone and the upper parts of the Baltic Deeps Zone, where no previous drilling had taken place. The deepest mining to date (700 metres) previously took place at the Baltic Zone. Additionally, the drilling was targeting the hanging wall area of the Baltic Zone where only limited drilling had taken place. Chris Bradbrook, President and CEO of Superior Gold stated: “We are very pleased with these initial results, which we believe illustrate the upside potential of both the Baltic and Baltic Deeps Zones. They demonstrate the potential to fill the gap between the two zones and extend the Baltic hanging wall mineralization into the Baltic Deeps. The drilling was completed over a strike length of more than 150 metres and a vertical extent of more than 100 metres. Mineralization remains open up and down dip and along strike. The Baltic and Baltic Zones are key components of the recently announced five year underground Life of Mine (“LOM”) plan, and consequently, the results illustrate the potential to extend this plan beyond five years. We will continue to release other drilling results in some of the the other key areas of the LOM plan, including Timor, Indian and Baltic in the near future. To fully explore the potential of the Baltic hanging wall mineralization, we are identifying potential locations to drill to greater depths.” | |
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