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Superior Lake Resources Ltd.
Summary
| Project: | Superior Lake | |
|---|---|---|
| Deposit: | Pick Lake, Winston Lake | |
| Location: | Canada | |
| Commodities: | Zinc-Copper-Silver-Gold | |
| Date: | 7/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-7-2018: Superior Lake Resources Ltd. announces a Resource Estimation report for its Pick Lake, Winston Lake deposit at the Superior Lake project. Initial mineral resource estimate at the project. Superior Lake Resource Limited (ASX:SUP) is an ASX listed | |
| Resources: | (Resource, I+I): 2.145Mt @ 17.7% Zn, 0.9% Cu, 0.4g/t Au, 33.5g/t Ag | |
| CP/QP: | [Resources]: Marat Abzalov (MASSA Geoservices) | |
| ABSTRACT: | Superior Lake Resource Limited (ASX:SUP) is an ASX listed company focused on the redevelopment of the Superior Lake Project which incorporates the Winston and Pick Lake Mines (Project). These deposits rank amongst the highest-grade zinc deposits globally. The Project is located in North Western Ontario, Canada which is rated one of the best mining jurisdictions in the world. The Project has significant infrastructure in place which includes underground mine development to the existing mineralisation, tailings dams, site power connected to the grid and an all-weather road. The Project historically produced over 3Mt of ore up until 1999 where mining was suspended due to low commodity prices. Superior Lake Resources CEO David Woodall states: “This is an excellent achievement for the Company as this resource has exceeded expectations on all accounts. Most notably with a zinc grade of 17.7%, in addition to copper, gold and silver by-product credits, Superior Lake ranks as one of the highest-grade zinc projects in the world. In addition, with the resource exceeding 2Mt and over 90% within the indicated category, we believe this is sufficient to commence a Re-start Study for the Project immediately. Furthermore, numerous high priority brownfield exploration targets close to the existing resource have been identified from the extensive review of historical drill results and will be tested in the near future | |
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