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Superior Gold Inc.
Summary
| Project: | Plutonic | |
|---|---|---|
| Deposit: | Plutonic | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-11-2018: Superior Gold Inc. announces an Exploration/Drilling Update report for its Plutonic deposit at the Plutonic project. Drilling results incl. 2.40m @ 42.4g/t Au from 21.30m. Toronto, November 19, 2018 – Superior Gold Inc. (“Superior Gold” or the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Pascal Blampain (Internal) | |
| ABSTRACT: | Toronto, November 19, 2018 – Superior Gold Inc. (“Superior Gold” or the “Company”) (TSXV:SGI) is pleased to announce the first set of 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 conducted from May to October 2018. The Company currently has three diamond drills operating underground. Two are focused on grade control and infill drilling (resource conversion), while the third is focused entirely on reserve and resource expansion. The results presented in this press release are from the third diamond drill. Results are provided for 51 drill holes for a total of more than 9,700 metres into the Indian Zone. The location of this drilling is shown in Figures 1- 4. 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). Figures 1 and 2 illustrate that numerous anomalous historic intersections are present outside of the existing resource but within the host mine mafic unit. Some of these intersections are as far as 300 metres from the existing resource with grades up to 17.35g Au/t over 1.00m. The Company believes this indicates the potential to expand the resource with additional drilling. The current drilling has focused on mineralization outside of the resource and close to infrastructure where gaps of more than 100 metres are present in multiple areas as indicated in Figures 3 and 4. Such areas have the best potential to contribute to near term increases in reserves. | |
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