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Superior Gold Inc.
Summary
| Project: | Plutonic | |
|---|---|---|
| Deposit: | Plutonic | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/10/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-2-2020: Superior Gold Inc. announces an Exploration/Drilling Update report for its Plutonic deposit at the Plutonic project. Drilling results incl. 4.10m @ 27.9g/t Au from 123.50m. Toronto, February 10, 2020 – Superior Gold Inc. (“Superior Gold” or the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Keith Boyle (Internal) | |
| ABSTRACT: | Toronto, February 10, 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 mineratlation within the Indian Zone. Results are provided for 14 drill holes for a total of more than 2,600 metres of drilling. The drilling was focused on the area to the northwest of the Indian Zone within an area which extends approximately 500 metres between the Indian and Baltic Zones and which has not been tested. The location of this drilling is shown in Figures 1-3. All intersections are shown in Table 1 below. Reported intersections are over a minimum downhole width of 0.30 metres (0.20 metres true width). Chris Bradbrook, President and CEO of Superior Gold stated: “We are very pleased with these drill results, which we believe illustrate the potential to connect the Indian and Baltic Zones. 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 both up and down dip and along strike. The Indian and Baltic Zones are key components of the recently announced five year underground Life of Mine (“LOM”) plan that was announced in October 2019, and consequently, these results illustrate the potential to extend this plan beyond five years. We will continue to release drill results in some of the the other key areas of the LOM plan, including Timor, Indian and Baltic in the near future.” | |
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