Superior Gold Inc. (TSX-V:SGI) is pleased to announce results from the ongoing underground diamond drill program focused on reserve and resource expansion at its 100%-owned Plutonic Gold mine in Western Australia. The drilling targeted potential extensions to the gold mineralization within the Indian Zone.
Results are provided for 19 drill holes for a total of more than 1,855 metres of drilling.
The drilling was focused on the area to the northwest of the Indian Zone within an area that extends approximately 500 metres between the Indian and Baltic Zones which has yet to be fully drill tested.
The location of this drilling is shown in Figures 1-3. The key intersections are shown in Table 1 below and all intersections are provided 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 are extremely pleased with these drill results, which we believe continue to illustrate the potential to extend and connect the Indian and Baltic Zones, expand resources, and extend mine life. The intersection of 56.3g Au/t over 15.10 metres is our most signficant intersection to date since we acquired the
Plutonic Gold Operations, and was encountered more than 50 metres from the existing resource outline. The drilling was completed over a strike length of approximately 200 metres and a vertical extent of more than 100 metres. Mineralization remains open both up and down dip and along strike, resides close to exisiting infrastructure, and is only approximately 600 metres from surface. The Indian and Baltic Zones are key components of our five year underground Life of Mine plan that was announced in October 2019. These results illustrate the potential to extend this plan well beyond the initial five years.”
Key Intersections are summarized in Table 1 below:
|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 Keith Boyle, P.Eng., Chief Operating Officer of the Company, who is a “qualified person” as defined by National Instrument 43-101
Quality Control Protocols
Core is drilled BTW core diameter (42 mm). Core intervals are whole core sampled. All gold results were determined by on-site laboratory analysis and confirmed 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 and central mill, the Hermes open pit projects 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.