| Announcement Date: | 2022-05-31 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Superior Gold Inc. |
| Project name: | Plutonic |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 2.7m @ 58.9g/t Au from 111.0m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Toronto, Ontario, May 31, 2021 – Superior Gold Inc. (“Superior Gold” or the “Company”) (TSXV:SGI; OTCQX:SUPGF) is pleased to announce additional high-grade drill results from its ongoing underground diamond drill program at its 100%-owned Plutonic Gold mine in Western Australia. Plutonic is a world-class Archean lode-style gold mineralized system that has produced close to six million ounces of gold over 32 years of continuous operation and encompasses a Measured and Indicated Mineral Resource of 1.92 million ounces together with an Inferred Mineral Resource of 3.97 million ounces (December 2021 Mineral Resource and Reserve). The Company’s continuous exploration effort underpins a commitment to reserve and resource growth. Results are provided for 57 underground exploration drill holes, drilled from October 2021 to March 2022, for a total of 7,397 metres of drilling. Drilling was focused on extending and infilling known mineralization in the Indian Access area, located between the existing Caribbean and Indian mining areas at Plutonic. The Indian Access mining area is under-explored and remains open along strike and both up and down dip as it is yet to be fully drill tested. The Indian Access mining area increased in priority following a reinterpretation of mineralization controls particularly given its proximity to existing infrastructure and the surface. This area of interest represents a footprint |
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