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Superior Gold Inc.
Summary
| Project: | Plutonic | |
|---|---|---|
| Deposit: | Plutonic | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/29/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-12-2016: Superior Gold Inc. announces a Resource Estimation report for its Plutonic deposit at the Plutonic project. Summary of mineral resources and reserves for recently acquired project. Billabong Gold Pty Ltd (Billabong), an Australian corporation, | |
| Resources: | (Reserve, P+P): 2.45Mt @ 2.4g/t Au for 189Koz Au contained at Plutonic Operations | |
| CP/QP: | [Resources]: Roderick David Carlson (AMC Consultants Pty Ltd.) | |
| ABSTRACT: | Billabong Gold Pty Ltd (Billabong), an Australian corporation, owned 100% by Superior Gold Inc., acquired the Plutonic Gold Operations (the Property) from Northern Star Resources Limited (Northern Star) on 12 October 2016. The purpose of this report is to present Mineral Resources1 and Mineral Reserves2 for the Property, Western Australia, for public disclosure. The effective date of this report is 30 September 2016. The report has been compiled by the Qualified Persons3 employed by AMC Consultants Pty Ltd (AMC) for Billabong. Plutonic Gold Mine 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 Gold Mine between 1990 and 2005. Underground mining at Plutonic Gold Mine commenced in 1997. Mining is currently conducted from nine underground geological domain zones at an average rate of approximately 0.8 million tonnes per annum (Mtpa). The Hermes Open Pit project, which lies approximately 60 km south-west of Plutonic Gold Mine, is included in the mine plan for surface resources. Mineral Resources as of 30 September 2016 are summarized in Table 1.1. Mineral Resources are inclusive of those resources converted to Mineral Reserves as presented in this document. Mineral Reserves as of 30 September 2016 are summarized in Table 1.2. | |
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