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Superior Resources Ltd.
Summary
| Project: | Greenvale | |
|---|---|---|
| Deposit: | Bottletree | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Scandium | |
| Date: | 10/25/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-10-2018: Superior Resources Ltd. announces an Exploration/Drilling Update report for its Bottletree deposit at the Greenvale project. Drilling results incl. 18.7m @ 1.12% Cu, 0.09g/t Au, 4.4g/t Ag from 328.0m. Superior Resources Limited (ASX Code: SPQ) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ken Harvey (Internal) | |
| ABSTRACT: | Superior Resources Limited (ASX Code: SPQ) (Superior or Company) is pleased to provide a further update on drilling completed in August at the Bottletree Prospect, located 25km west-southwest of the town of Greenvale and 220kms west of Townsville in north east Queensland (Figure 5). The objective of the drilling program was to determine whether the large and high-order induced polarisation (IP) chargeability anomalies identified from a MIMDAS IP geophysical survey completed in May (ASX Announcement - 16 May 2018) were caused by significant copper and gold mineralisation. In an ASX release on 29 August 2018, Superior advised that a considerable amount of sulphide mineralisation had been intersected in hole SBTRD006 (Hole 6) from the drilling program. Since that report, considerable work has been conducted on the core from Hole 6 including detailed geological and structural logging and splitting of the core for assay. Unusually high volume demands at ALS Laboratories in Townsville caused considerable delays in the assaying process, with final assays only received recently. Additional work completed since the drilling has included more advanced modelling of the results from the MIMDAS IP survey to generate a 3D model of chargeability and conductivity of the surveyed area to guide the next drilling program. Assay Results All assay results from Hole 6 have now been received. The results show copper mineralisation present in Hole 6 over a broad interva | |
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