Superior Gold Inc. (TSX-V:SGI) is pleased to announce additional results from the ongoing underground diamond drill program at its 100%-owned Plutonic Gold mine in Western Australia. The drilling was conducted from February 1, 2018 to February 28, 2018 and is part of the year-round ongoing program of underground drilling.
Results are provided for 65 drill holes for a total of approximately 5,800 metres. The drill holes were completed for resource definition and grade control purposes. Resource definition was designed to increase the confidence level of the resource in areas where drilling was limited as part of the ongoing work to upgrade resources to reserves. Grade control drilling was completed to provide additional information for stope design ahead of mining.
The drilling focussed on five zones – Caribbean; Caspian; Cortez; Indian; and Pacific. A number of significant intersections were encountered.
The location of the most significant intersections are shown in Figure 1 and the details of all holes are summarized by zone in Table 2. Reported intersections are over a minimum downhole width of 0.30 metres (0.20 metres true width).
Chris Bradbrook, President and CEO of Superior Gold stated: “We continue to be very encouraged by the results of our underground diamond drill program, which demonstrate the strength of the Plutonic Gold mine’s mineralized system, and which illustrate the long term potential of the mine. As recently announced (April 30, 2018) we have added a third underground diamond drill to accelerate our reserve and resource definition work, with the goal of further increasing our underground reserves and resources as soon as possible.”
The most significant intersections are summarized in Table 1 below:
Table 1 – Key Intersections
|Designed Target||Drill Hole
|Easting (Mine Grid)||Northing (Mine Grid)||Drill hole collar RL (Mine Grid)||Dip (degrees)||Azimuth (degrees, Mine Grid)||End of
Scientific and technical information in this news release has been reviewed and approved by Pascal Blampain, who is a member of the AusIMM and the Australian Institute of Geoscientists (AIG) and a “qualified person” within the meaning of NI 43-101. Mr. Blampain is an employee of the Company and serves as Chief Geologist.
Quality Control Protocols
Core is drilled BTW core diameter (42 mm). Core intervals are whole core sampled. All gold results were determined by ALS Minerals (Perth) using fire assay fusion (40g charge, lead collection method) with an ICP finish. Drill program design, Quality Assurance/Quality Control and interpretation of results are performed by qualified persons employing a Quality Assurance/Quality Control program consistent with NI 43-101 and industry best practices. Standards, blanks and duplicates are included in approximately every 20 samples for Quality Assurance/Quality Control purposes by the Company as well as the laboratory. Approximately 5% of sample pulps are sent to secondary laboratories for check assays.
About Superior Gold
Superior Gold is a Canadian based gold producer that owns 100% of the Plutonic Gold operations located in Western Australia. The Plutonic Gold operations include the Plutonic underground gold mine, which is a producing underground operation with a central mill, the Hermes open pit gold mine and an interest in the Bryah Basin joint venture. Superior Gold is focused on expanding production at the Plutonic Gold operations and building an intermediate gold producer with superior returns for shareholders.
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We acknowledge the [financial] support of the Government of Canada.