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Superior Lake Resources Ltd.
Summary
| Project: | Superior Lake | |
|---|---|---|
| Deposit: | Superior Lake | |
| Location: | Canada | |
| Commodities: | Zinc-Copper-Silver-Gold | |
| Date: | 3/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-3-2019: Superior Lake Resources Ltd. announces a Resource Estimation report for its Superior Lake deposit at the Superior Lake project. Updated mineral resource estimate at the project. Superior Lake Resources Limited (ASX: SUP) (the “Company”) is pleas | |
| Resources: | (Resource, I+I): 2.35Mt @ 17.7% Zn, 0.9% Cu, 0.38g/t Au, 34g/t Ag | |
| CP/QP: | [Resources]: Marat Abzalov (MASSA Geoservices) | |
| ABSTRACT: | Superior Lake Resources Limited (ASX: SUP) (the “Company”) is pleased to announce an increase in the Mineral Resource at the Superior Lake Project (“Superior Lake” or the “Project”) to 2.35 Mt at 17.7 %Zn, 0.9% Cu. This represents an increase of approximately 10 % to the size of the resource compared to that previously reported on 3 July 2018. The additional resource has potential to increase the mine life when the Definitive Feasibility Study (“DFS”) is completed by mid-2019. In addition to the resource upgrade, a down the hole Transient Electromagnetics (“TEM”) program at Pick Lake was completed. As Pick Lake is a known deposit, this was simply a “test case” to confirm EM as a successful exploration tool in detecting and defining similar mineralisation at the Project. The results were positive as Pick Lake was clearly identified. This has increased the Company’s confidence that electromagnetics is the correct exploration technique to be used to identify new anomalies at Superior Lake. The Company is currently completing a high-powered ground TEM geophysics program across a 3km by 3km area, with results expected in the coming weeks. The Assessment and Reporting Criteria in accordance with the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC Code 2012”) is presented in Appendix 2. | |
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