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Superior Gold Inc.
Summary
| Project: | Plutonic | |
|---|---|---|
| Deposit: | Plutonic | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-5-2018: Superior Gold Inc. announces a Resource Estimation report for its Plutonic deposit at the Plutonic project. End year update of resource and reserve estimate at Plutonic mine. Billabong Gold (Billabong), a wholly owned subsidiary of Canadian bas | |
| Resources: | (Reserve, P+P): 3.155Mt @ 3.77g/t Au for 382Koz Au | |
| CP/QP: | [Resources]: Paul Forman (Internal) | |
| ABSTRACT: | Billabong Gold (Billabong), a wholly owned subsidiary of Canadian based Superior Gold Inc, is an Australian corporation that acquired the Plutonic Gold Operations from Northern Star Resources Ltd. (Northern Star) on 11 October, 2016. The purpose of this report is to present Mineral Resources1 and Mineral Reserves2 for the Plutonic Gold Operations, Western Australia for public disclosure by Superior Gold Inc. Data presented in this report is as of December 31, 2017. Plutonic currently produces gold from a large underground operation through a traditional crushing, grinding and carbon-in-leach (CIL) circuit. Historically, numerous open pits were mined at Plutonic between 1990 and 2005—underground mining commenced in 1997. Mining is currently conducted from nine underground geological domain zones at an average rate of approximately 0.8 Mtpa. The Hermes open pit project, which lies approximately 60 km southwest of Plutonic, is included in the mine plan for surface resources. Mineral Resources as of 31 December, 2017 are summarised in Table 1.1. Mineral Resources are inclusive of those resources converted to Mineral Reserves as presented in this document. Mineral Reserves as of 31 December, 2017 are summarised in Table 1.2. Plutonic Gold Mine is located at latitude 26°15’S longitude 119°36’E in the Peak Hill Mineral Field of the eastern Gascoyne Region of central Western Australia. It lies 175 km northeast of the township of Meekatharra and 800 km northeast of Perth. The mine is located approximately 10 km east of the Great Northern Highway. An airstrip is adjacent to the site and is a 2,000 m long runway. From Perth, the flight time is approximately 1½ to 2 hours. | |
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