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Superior Gold Inc.
Summary
| Project: | Plutonic | |
|---|---|---|
| Deposit: | Plutonic | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-8-2017: Superior Gold Inc. announces an Exploration/Drilling Update report for its Plutonic deposit at the Plutonic project. Drilling results incl. 3.75m @ 35.3g/t Au from 8.25m. Toronto, Ontario, Aug 2, 2017 – Superior Gold Inc. (“Superior Gold” or the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Simon Lawson (Internal) | |
| ABSTRACT: | Toronto, Ontario, Aug 2, 2017 – Superior Gold Inc. (“Superior Gold” or the “Company”) (TSX.V:SGI) is pleased to announce additional results from the ongoing underground diamond drill program at its 100%- owned Plutonic Gold Mine in Western Australia. The drilling was conducted from mid-March to mid-May 2017. Results are provided for 112 drill holes for a total of more than 8,000 metres. The drill holes were primarily completed for resource definition and grade control purposes. One of these holes was conducted as part of the underground exploration program testing areas outside of the known resources. 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 hole was completed to test previously undrilled areas in the search for possible extensions of mineralization to potentially expand the overall resource. The drilling focussed on 5 zones – Baltic; Caribbean; Caspian; Cortez; and Indian. Significant intersections were encountered in all zones. Chris Bradbrook, President and CEO of Superior Gold stated: “As with our previously released results (May 11, 2017), these results continue to demonstrate the strength of the mineralized system at the Plutonic Gold Mine. The resource definition and grade control drilling provides greater confidence in the continuity of the mineralization, while exploration drilling provides confidence in our ability to grow the resource. We continue to be extremely encouraged by these drill results and work towards increasing the confidence level in the resources. One of our principal goals is to grow the level of underground reserves as well as the mine life.” | |
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