For thousands of other reports visit RSC's Mineral Intellingence Map
Superior Gold Inc.
Summary
| Project: | Plutonic | |
|---|---|---|
| Deposit: | Plutonic | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-5-2017: Superior Gold Inc. announces an Exploration/Drilling Update report for its Plutonic deposit at the Plutonic project. Drilling results incl. 0.75m @ 704g/t Au from 21.65m. Toronto, Ontario, May 11, 2017 – Superior Gold Inc. (“Superior Gold” or t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Simon Lawson (Internal) | |
| ABSTRACT: | Toronto, Ontario, May 11, 2017 – Superior Gold Inc. (“Superior Gold” or the “Company”) (TSX.V:SGI) is pleased to announce the results of the ongoing underground diamond drill program at its 100%-owned Plutonic Gold Mine in Western Australia. The drilling has been conducted since the Company completed the acquisition of the Plutonic Gold Mine on October 12, 2016, until March 17, 2016. Results are provided for 281 drill holes for a total of more than 21,000 metres. The drill holes were primarily completed for resource definition and grade control. 18 of these holes were conducted as part of the underground exploration program. The costs of the program are included within Superior Gold’s All in Sustaining Costs, and are separate from the Company’s larger scale surface and underground exploration program currently being planned. Resource definition was designed to increase the confidence level of the resource in areas where drilling was limited. Grade control drilling was completed to provide additional information for stope design ahead of mining. The exploration holes were completed to test previously undrilled areas, in the search for possible extensions of mineralization to potentially expand the overall resource. The drilling focussed on 8 zones – Area 134; Baltic; Caribbean; Caspian; Cortez; Indian; Pacific; and Timor. The Company’s work to date has identified that prior work at the mine had tended to identify the mineralized zones as isolated, unconnected units. As a result of the interpretive work by the Company’s geological staff, underground exploration has begun to examine the potential link between the various zones. This initial program was very successful with more than 35 intersections in excess of 5g Au/t. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report