The Prospector News

Superior Gold Inc. Announces Positive Initial Results from New Drill Program at Hermes South

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Superior Gold Inc. Announces Positive Initial Results from New Drill Program at Hermes South

 

 

 

 

 

Superior Gold Inc.  (TSX-V:SGI) is pleased to announce initial results from the ongoing reverse circulation drill program at its Hermes South project, which is located approximately 20 kilometres south southwest of the Hermes open pit gold mine, which is in turn located 65 kilometres southwest of the Company’s 100%-owned Plutonic underground gold mine in Western Australia Figure 1.

 

 

HIGHLIGHTS

 

  • 37.7 g Au/t over 3.00 metres from 27.00 metres downhole in Hole BHSRC007, approximately 150 metres south of existing resource
  • 5.0 g Au/t over 2.00 metres from 35.00 metres downhole in Hole BHSRC007
  • 3.0 g Au/t over 6.00 metres from 166.00 metres downhole in Hole BHSRC009
  • All intersections are outside of the existing resource

 

 

The Hermes South project is within the Bryah Basin joint venture with Alchemy Resources Ltd. (ASX:ALY). The Company’s interest in the joint venture is an earn-in option which, upon completion of the earn in, will give the Company an interest of up to 80% in the joint venture. The Company recently announced (April 3, 2018) an initial inferred mineral resource estimate for Hermes South of 1.29 million tonnes @ 1.54 g Au/t for 64,000 ounces (100% basis).

 

 

This reverse circulation program is expected to total approximately 10,400 metres in 79 holes.  The goal of the program is to expand the existing resource and to explore for additional zones of mineralization.

 

 

The location of drill holes in the current program are shown in relation to prior drilling and the existing resource in plan and section in Figures 2 – 3.

 

 

Chris Bradbrook, President and CEO of Superior Gold stated: “These results represent a very encouraging start to our first drill program at Hermes South. The ongoing drill program is being conducted to determine the potential for the Hermes South project to become a second open pit mining operation. The project is strategically well located and can be readily connected to the main Hermes haul road. This work is part of our near-term growth strategy to focus on reestablishing the Plutonic Gold operations at a sustainable production level of at least 100,000 ounces of gold annually.”

 

 

Table 1 – Initial Intersections from Hermes South

 

 

Drill Hole # Easting (Mine Grid) Northing (Mine Grid) Drill hole collar RL (Mine Grid) Dip (degrees) Azimuth (degrees, Mine Grid) End of
hole depth
 (m)
Downhole
From
(m)
Downhole To
(m)
Downhole
Intersection
(m)
Au
(gpt)
uncut
Est True
Thickness
(m)
BHSRC007 685114 7155443 572 -60 24 220 27.00 30.00 3.00 37.7 2.1
BHSRC007 685114 7155443 572 -60 24 220 35.00 37.00 2.00 5.0 1.4
BHSRC008 685241 7155624 575 -60 24 200 144.00 145.00 1.00 1.9 0.7
BHSRC009 685217 7155569 574 -60 24 220 166.00 172.00 6.00 3.0 4.2
BHSRC009 685217 7155569 574 -60 24 220 175.00 176.00 1.00 1.1 0.7
BHSRC010 685192 7155515 569 -60 24 260 239.00 240.00 1.00 2.2 0.7

 

 

 

Qualified Person

 

 

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

 

 

Hermes South drilling has been completed using Reverse Circulation drilling. Samples are collected for every metre directly off the cyclone using a cone splitter, set to approximately 3kg sample size. 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 underground Plutonic 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.

 

Posted May 11, 2018

Share this news article

MORE or "UNCATEGORIZED"


Rock Tech Lithium Announces Assay Results from Ongoing Drill Program at Georgia Lake

Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (W... READ MORE

July 4, 2022

NioCorp Announces Closing of Up-Sized Private Placement for Gross Proceeds of C$4.8 Million

NioCorp Developments Ltd. (TSX: NB) (OTCQX: NIOBF) is pleased to... READ MORE

July 4, 2022

Galantas Gold Announces Exercise of Warrants

Galantas Gold Corporation (TSX-V:GAL ) (AIM: GAL) (OTCQX: GALKF) ... READ MORE

July 4, 2022

Mayfair Gold Closes Flow-Through Financing

Mayfair Gold Corp. (TSX-V: MFG) (OTCQX: MFGCF) today announced th... READ MORE

July 4, 2022

Montage Closes $20 Million Private Placement of Subscription Receipts

Montage Gold Corp.  (TSX-V: MAU) is pleased to announce the clos... READ MORE

June 30, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News