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Superior Lake Resources Ltd.
Summary
| Project: | Superior Lake | |
|---|---|---|
| Deposit: | Superior Lake | |
| Location: | Canada | |
| Commodities: | Zinc-Copper-Silver-Gold | |
| Date: | 9/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-9-2018: Superior Lake Resources Ltd. announces a Resource Estimation report for its Superior Lake deposit at the Superior Lake project. Exploration target for Superior Lake. Superior Lake Resources Limited (ASX: SUP) (“Superior Lake” or the “Company”) | |
| Resources: | Exploration Target: 2.1 - 5.2Mt @ 13.3-15.4% Zn, 0.7-0.9% Cu, 0.3-0.4g/t Au, 34-35g/t Ag | |
| CP/QP: | [Overall Report]: Alfred Gillman (Independent) | |
| ABSTRACT: | Superior Lake Resources Limited (ASX: SUP) (“Superior Lake” or the “Company”) is pleased to announce it has defined an initial brownfields Exploration Target of between 2.1 to 5.2 million tonnes at a grade ranging between 13.3% to 15.4% Zn for its Superior Lake Project in Ontario, Canada. The Exploration Target is in the immediate vicinity of the existing JORC resource of 2.15Mt at 17.1% Zn, as announced on 3 July 2018. The Exploration Target excludes the significant greenfields potential which exists at the project. Limited exploration has been completed across the Superior Lake Project in the past 20 years, however, management is investigating a low-cost exploration program focused on these Exploration Target areas (Refer Figure 1). *The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Superior Lake Chief Executive Officer David Woodall said: “The exploration target highlights the potential to significantly increase the resource at the Superior Lake Project in the coming years. Importantly, this Exploration Target is in close proximity to both the existing resource and vast underground mine development, therefore could potentially be converted into mine life at a relatively low cost. In addition, we are in the final phases of completing our Re-start Feasibility Study which will be released shortly. Superior Lake has defined a brownfield Exploration Target of between 2.1 to 5.2 million tonnes at a grade ranging between 13.3% to 15.4% Zn. This Exploration Target is in the immediate vicinity of the existing JORC resources. | |
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