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Superior Resources Ltd.
Summary
| Project: | Greenvale | |
|---|---|---|
| Deposit: | Lucky Creek | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Scandium | |
| Date: | 7/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-7-2018: Superior Resources Ltd. announces an Exploration/Drilling Update report for its Lucky Creek deposit at the Greenvale project. Drilling results incl. 4.0m @ 0.08% Co, 0.11% Ni, 33ppm Sc from 1.0m. Superior Resources Limited (ASX Code: SPQ) (Super | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Erik Conaghan (Internal) | |
| ABSTRACT: | Superior Resources Limited (ASX Code: SPQ) (Superior or Company) is pleased to advise that final assay results have been received for the initial ninety-eight (98) hole, 2,087 metre rotary air blast (RAB) drilling program at the Company’s 100%-owned, Lucky Creek Ni-Co Prospect. Superior’s Managing Director, Peter Hwang commented: “We are encouraged by the cobalt potential confirmed by thisfirst pass drilling on the Lucky Creek Prospect. In addition to defining zones of strongly anomalous cobalt and nickel that are comparable to Australia’s most advanced cobalt projects, the work has also confirmed that the enriched zones are more extensive than originally understood. Lucky Creek has plenty of upside potential. The areas under cover to the east lack any geochemical sampling and strong cobalt enrichment extends further southwest than indicated by the soil geochemistry. These results represent a robust expansion of the Company’s focus into the battery minerals sector and will be followed up within the next month with the commencement of field work at its Walford Creek West Project (adjacent to Aeon Metals in northwest Qld) and shortly afterwards with the Big Mag target located 20 kilometres southwest of Lucky Creek.” Next Steps The Company is currently analysing the drill results together with all other data sets including geophysics in order to determine a potential exploration target. The analysis work will also aim to define additional mineralisation potential and ultramafic source rocks within the project area, | |
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