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Superior Gold Inc.
Summary
| Project: | Plutonic | |
|---|---|---|
| Deposit: | Plutonic | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-5-2018: Superior Gold Inc. announces an Exploration/Drilling Update report for its Plutonic deposit at the Plutonic project. Drilling results incl. 4.8m @ 40.0g/t Au from 6.65m. Toronto, May 3, 2018 – Superior Gold Inc. (“Superior Gold” or the “Company” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Pascal Blampain (Internal) | |
| ABSTRACT: | Toronto, May 3, 2018 – 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 February 1, 2018 to February 28, 2018 and is part of the year-round ongoing program of underground drilling. Results are provided for 65 drill holes for a total of approximately 5,800 metres. The drill holes were completed for resource definition and grade control purposes. Resource definition was designed to increase the confidence level of the resource in areas where drilling was limited as part of the ongoing work to upgrade resources to reserves. Grade control drilling was completed to provide additional information for stope design ahead of mining. The drilling focussed on five zones – Caribbean; Caspian; Cortez; Indian; and Pacific. A number of significant intersections were encountered. The location of the most significant intersections are shown in Figure 1 and the details of all holes are summarized by zone in Table 2. Reported intersections are over a minimum downhole width of 0.30 metres (0.20 metres true width). Chris Bradbrook, President and CEO of Superior Gold stated: “We continue to be very encouraged by the results of our underground diamond drill program, which demonstrate the strength of the Plutonic Gold mine’s mineralized system, and which illustrate the long term potential of the mine. As recently announced (April 30, 2018) we have added a third underground diamond drill to accelerate our reserve and resource definition work, with the goal of further increasing our underground reserves and resources as soon as possible.” | |
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