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Superior Resources Ltd.
Summary
| Project: | Greenvale | |
|---|---|---|
| Deposit: | Bottletree | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 9/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-9-2017: Superior Resources Ltd. announces an Exploration/Drilling Update report for its Bottletree deposit at the Greenvale project. Drilling results incl. 12m @ 0.12% Cu from 2m. Superior Resources Limited (ASX Code: SPQ) (Superior or Company) is plea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Simon Beams (Terra Search Pty Ltd.) | |
| ABSTRACT: | Superior Resources Limited (ASX Code: SPQ) (Superior or Company) is pleased to advise that it has received all outstanding results for the initial four-hole (528 metres) reverse-circulation (RC) drilling program conducted at the Company’s 100%-owned Bottletree Prospect. Preliminary results were reported to the market on 31 August 2017. The Company’s analysis of the drill results together with geophysical and geochemical data sets confirm that Bottletree is a large area of copper mineralisation located five kilometres south of and in the same geological terrane as Superior’s Steam Engine Gold ProspectAs clearly indicated in Figure 1, Bottletree has a particularly strong surface expression, which appears as a several square kilometre copper-in-soil anomaly. Further processing has revealed strong evidence of metal zoning with a central copper zone surrounded by an annular pattern of zinc-in-soils (Figures 2 and 3). This is the metal zoning pattern that would be expected from a large-scale bulk mineralised system, possibly driven by a buried intrusive body where there is a temperature gradient for the mineralising fluid from a hot copper core to a cooler zinc halo. Similar types of metal-zoned bulk-mineralised systems often include a gold zone surrounding the zinc halo. Drill results from the initial drilling program indicate that both oxide and sulphide copper mineralisation have developed within a significant volume of rock. Copper grades similar to those previously drilled are now shown to extend to greater depths. Follow-up one metre check sampling has confirmed the earlier results for hole SBTRC002. Results have also been returned for hole SBTRC004, where a narrow low grade copper zone is reported. | |
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