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Superior Lake Resources Ltd.
Summary
| Project: | Superior Lake | |
|---|---|---|
| Deposit: | Pick Lake | |
| Location: | Canada | |
| Commodities: | Zinc-Copper | |
| Date: | 11/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-11-2019: Superior Lake Resources Ltd. announces an Exploration/Drilling Update report for its Pick Lake deposit at the Superior Lake project. Drilling results incl. 0.35m @ 3.42% Zn, 0.25% Cu from 608m. Superior Lake Resources Limited (ASX: SUP) (“Supe | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Avrom E. Howard (Nebu Consulting LLC) | |
| ABSTRACT: | Superior Lake Resources Limited (ASX: SUP) (“Superior Lake” or the “Company”) is pleased to provide an update following the completion of its exploration program at the Superior Lake Project (“Project”) in Ontario, Canada. The results of the 50 element assays and analysis of the whole-rock geochemistry confirm the existence of key geochemical markers associated with VMS systems. The Pick North drilling intercepted zinc mineralisation, 0.35m @ 3.5% Zn and 0.25% Cu from 608m within a broader 29m wide zone containing narrow bands of massive and semi-massive pyrrhotite and pyrite. The Pick North target is approximately 500m north-east of the Pick Lake deposit and encouragingly appears to lie in the same interpreted stratigraphic unit, providing a high priority exploration target. Executive Director Grant Davey commented: “VMS deposits are known to occur in clusters and Pick Lake North is a high-priority target area for additional mineralisation. The new results from PL19-01 strongly suggest the possibility of mineralisation approximately 500 metres to the north of Pick Lake. This hole has hit thicker sulphide mineralisation than any of the historical holes drilled to the north of Pick Lake. This drill hole, having intersected zinc mineralisation, together with the information from the DHTEM survey and the multi-element geochemistry program sets an interesting drill target to test for another possible mineralised orebody in this region.” | |
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