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Superior Gold Inc.
Summary
| Project: | Plutonic | |
|---|---|---|
| Deposit: | Plutonic | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-7-2019: Superior Gold Inc. announces a Resource Estimation report for its Plutonic deposit at the Plutonic project. Amended report - 2019 resource and reserve estimate for project. Billabong Gold (Billabong), a wholly owned subsidiary of Canadian based | |
| Resources: | (Reserve, P+P): 4.000Mt @ 3.2g/t Au for 410Koz Au contained at Plutonic | |
| CP/QP: | [Resources]: Pascal Blampain (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, 2018. 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, has been operating for 12 months. Mineral Resources as of 31 December, 2018 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, 2018 are summarised in Table 1-2. | |
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