TORONTO, Aug. 17, 2021 /CNW/ - Superior Gold
Inc. ("Superior Gold" or the "Company") (TSXV: SGI) is pleased
to announce 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 to date and encompasses a Measured and
Indicted Mineral Resource of 1.89 million ounces together with an
Inferred Mineral Resource of 3.07 million ounces. The
Company's continuous exploration effort underpins a commitment to
resource growth.
Results are provided for 52 underground exploration drill holes
for a total of 8,451 metres of drilling. Drilling was focused
on extending and infilling the Western Mining Front which remains
open along strike and both up and down dip as it is yet to be fully
drill tested.
HIGHLIGHTS
- Drill hole UDD24141 intersected 42.2 g/t gold over 5.6
metres in the Caspian
zone
- Drill hole UDD24376 intersected 17.7 g/t gold over 6.4
metres in the Baltic Extension zone
- The new Western Mining Front now extends an estimated 1,600
metres by 60 metres outside of the current Mineral Resource
envelope
- The new Western Mining Front is directly adjacent to existing
underground infrastructure, thus requiring minimal capital to
develop the area
- Today's drill results continue to support the Company's
strategy of opening new high-grade mining fronts at the Western
Mining Front at Plutonic underground
The location of this drilling is shown in Figures 1-4
below. The key intersections are shown in Table 1 and
Table 2 below and all intersections are provided in Table
3. Reported intersections are over a minimum downhole
length of 0.30 metres (0.20 metres true width).
Chris Jordaan, President and CEO
of Superior Gold stated: "We are delighted to announce today's
drill results, clearly extending the new high-grade Western Mining
Front. Today's drill results extends the western edge of the
Plutonic deposit a further approximately 60 metres along the entire
Western Mining Front currently estimated to be 1.6 kilometre long
from surface to Baltic West. They also support our view that
this new northwest high-grade trend, known as the Guppy Trend,
continues through an area not previously drilled, opening a much
larger target area than previously considered.
Results to date support our view that the Western Mining Front
has excellent potential to be an important new gold production zone
at Plutonic. In addition, today's results are not included in
our current Mineral Resource estimate.
The expansion into new mining fronts is a key component of our
current strategy to extend Plutonic's mine life and increase
production by further improving our mining grades and efficiencies.
Our ongoing drill program, utilizing our dedicated
exploration drill rig, will continue to infill the Western Mining
Front with the aim of including parts of this area in the 2022 mine
plan."
EXTENSION OF THE WESTERN MINING FRONT
Superior Gold's mine exploration program is designed to open new
mining fronts by targeting extensions of high-grade mineralization
that are close to existing infrastructure but outside of the
current Mineral Resources. Numerous significant historical
high-grade intercepts, both throughout and peripheral to the large
mineralized Plutonic system, have yet to be followed up. The
immediate focus is on expanding two key areas to open new mining
fronts, these being: 1) The Western Mining Front (along the
Caspian, Indian and Baltic zones); and 2) The Baltic Gap as shown
in Figure 4.
The Western Mining Front extends approximately 1.6 kilometre
along the western edge of the Caspian, Indian and Baltic zones of the Plutonic underground mine
and remains open, with several historic high-grade intercepts
confirming mineralization continuity outside of Mineral Resources,
as shown in Figure 4.
Drilling in 2020 identified significant high-grade
mineralization in the northwest of the Indian zone, including
56.3 g/t gold over 15.1 metres (hole UDD22011) (refer to the
News Release dated June 17,
2020). Drilling in the first quarter of 2021 identified the
northwest extension of these high-grade bands of mineralization,
350 metres down dip in the Baltic
zone, including 13.7 g/t gold over 8.8 metres (hole
UDD23656) (refer to the News Release dated March 1, 2021).
Today's Western Mining Front drill results extend from the
Caspian zone, down through the
Indian and Baltic zones to the
Baltic Extension zone – covering up to a 1.6 kilometre long
northwest extension of the Western Mining Front. Results are
clustered in three general areas 1) Caspian zone, 2) Baltic West zone and 3)
Baltic Extension zone as shown in Figures 1 and 2.
The Caspian zone results
include 42.2 g/t gold over 5.6 metres (hole UDD24141),
extending the Caspian zone along
the northwest Guppy Trend, which is now thought to extend the
entire 1.6 kilometre length of the Western Mining Front.
The Baltic West zone also includes results along the Guppy
Trend, located between the Indian zone and Baltic zone results (noted above),
approximately 50 metres up dip from the March 2021 Baltic zone results and 170 metres
west of the current Mineral Resource envelope. Consistent
grade bearing intersections, including 140.4 g/t gold
over 1.4 metres (grade control hole UDD23993) and 10.1 g/t
gold over 4.0 metres (hole UDD24191), further demonstrate
continuity of the typical Plutonic mineralization system, being a
high-grade stacked lode system.
The Baltic Extension zone results include 17.7 g/t gold over
6.4 metres (hole UDD24376) and 6.4 g/t gold over 5.9
metres (hole UDD 24379), up to 100 metres northwest of the
existing Mineral Resource envelope. These results support
continuity with historical high-grade step out intercepts, such as
6.7 g/t gold over 6.8 metres (hole PEDD0221), which
demonstrates a 620 metre strike of high-grade mineralization,
including today's results.
Today's results also support the hypothesis that the highest
grades at Plutonic are controlled by the northwest trending
faults. These results are also adjacent and in close
proximity to existing infrastructure which translates to minimal
capital expenditures required to infill drill and develop the
area.
Figure 1: Mineralized Zones at Plutonic Underground with
Drill Hole Locations (Plan View)
Figure 2: Western Mining Front Extension Third
Quarter 2021 Drill Hole Locations (Plan View)
Figure 3: Western Mining Front Significant Intercept
Location (Cross Section – Looking South)
Figure 4: Plutonic Historical Significant Intercepts and
Targeted New Mining Fronts (Plan View)
Table 1: Highlights of Expansion Drill Results from
Western Mining Front
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
|
|
|
|
|
|
|
UDD24186
|
3608
|
11695
|
914
|
-18
|
259
|
141
|
54.0
|
58.7
|
4.7
|
3.1
|
3.3
|
|
|
UDD24187
|
3608
|
11696
|
914
|
-23
|
275
|
125
|
55.2
|
71.0
|
15.8
|
2.6
|
11.1
|
|
|
UDD24191
|
3607
|
11697
|
914
|
-23
|
290
|
210
|
67.2
|
71.2
|
4.0
|
10.1
|
2.8
|
|
|
|
|
|
|
|
|
|
60.1
|
63.3
|
3.2
|
3.0
|
2.2
|
|
|
UDD24221
|
4566
|
11317
|
1225
|
15
|
298
|
80
|
54.4
|
57.8
|
3.4
|
6.9
|
2.4
|
|
|
UDD24246
|
3607
|
11697
|
916
|
25
|
294
|
183
|
155.6
|
157.6
|
2.0
|
5.0
|
1.4
|
|
|
UDD24263
|
3571
|
11961
|
900
|
-31
|
214
|
246
|
175.8
|
176.8
|
1.0
|
8.7
|
0.7
|
|
|
UDD24374
|
3573
|
11959
|
900
|
-25
|
206
|
186
|
162.2
|
165.4
|
3.2
|
2.9
|
2.2
|
|
|
UDD24376
|
3573
|
11959
|
899
|
-30
|
204
|
205
|
159.3
|
165.7
|
6.4
|
17.7
|
4.5
|
|
|
UDD24377
|
3573
|
11959
|
900
|
-21
|
203
|
180
|
133.4
|
134.4
|
1.0
|
30.4
|
0.7
|
|
|
|
|
|
|
|
|
|
171.8
|
172.8
|
1.0
|
12.3
|
0.7
|
|
|
UDD24378
|
3584
|
11947
|
899
|
-36
|
205
|
201
|
177.3
|
178.1
|
0.8
|
25.3
|
0.6
|
|
|
|
|
|
|
|
|
|
191.0
|
193.0
|
2.0
|
6.3
|
1.4
|
|
|
|
|
|
|
|
|
|
185.0
|
186.0
|
1.0
|
12.0
|
0.7
|
|
|
|
|
|
|
|
|
|
106.0
|
106.5
|
0.5
|
17.3
|
0.4
|
|
|
UDD24379
|
3584
|
11947
|
900
|
-29
|
205
|
209
|
161.0
|
166.8
|
5.8
|
7.0
|
4.1
|
|
|
|
|
|
|
|
|
|
153.1
|
159.0
|
5.9
|
6.4
|
4.1
|
|
|
UDD24380
|
3584
|
11947
|
900
|
-17
|
205
|
211
|
165.0
|
166.1
|
1.1
|
8.2
|
0.8
|
|
|
UDD24382
|
3593
|
11938
|
899
|
-32
|
201
|
207
|
189.0
|
193.0
|
4.0
|
5.0
|
2.8
|
|
|
UDD24383
|
3593
|
11938
|
899
|
-39
|
200
|
204
|
175.5
|
178.2
|
2.7
|
10.4
|
1.9
|
|
|
UDD24386
|
3600
|
11933
|
899
|
-31
|
194
|
198
|
183.0
|
189.3
|
6.3
|
2.6
|
4.4
|
|
|
UDD24387
|
3627
|
11906
|
898
|
-31
|
200
|
123
|
89.5
|
90.5
|
1.0
|
34.7
|
0.7
|
|
|
UDD24387A
|
3627
|
11906
|
898
|
-32
|
203
|
192
|
171.0
|
175.1
|
4.1
|
17.5
|
2.9
|
|
|
|
|
|
|
|
|
|
143.9
|
145.7
|
1.8
|
4.5
|
1.3
|
|
|
UDD24388A
|
3627
|
11906
|
898
|
-39
|
202
|
178
|
140.1
|
143.2
|
3.1
|
3.7
|
2.2
|
|
|
Note: Mine grid
co-ordinates shown.
|
Table 2: Highlights of Infill Drill Results from Western
Mining Front
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)
|
Down hole From
(m)
|
Down hole To
(m)
|
Downhole
Intersection (m)
|
Au (gpt)
uncut
|
Est True
Thickness
|
|
|
|
|
|
|
UDD23870
|
4734
|
10726
|
1350
|
1
|
329
|
153
|
117.7
|
121.3
|
3.6
|
9.9
|
2.5
|
|
|
UDD24130
|
3683
|
11670
|
998
|
-13
|
328
|
108
|
61.7
|
62.6
|
0.9
|
23.2
|
0.6
|
|
|
UDD24139
|
4043
|
11157
|
1158
|
9
|
232
|
84
|
19.1
|
20.9
|
1.8
|
11.8
|
1.3
|
|
|
UDD24141
|
4042
|
11157
|
1158
|
12
|
243
|
102
|
20.0
|
25.6
|
5.6
|
42.2
|
3.9
|
|
|
UDD24200
|
4628
|
10733
|
1362
|
-7
|
359
|
138
|
111.3
|
117.1
|
5.8
|
6.6
|
4.1
|
|
|
UDD24201
|
4628
|
10733
|
1362
|
-7
|
14
|
165
|
114.4
|
120.7
|
6.3
|
7.4
|
4.4
|
|
|
UDD24202
|
4627
|
10732
|
1362
|
-5
|
9
|
141
|
67.2
|
70.5
|
3.3
|
7.0
|
2.3
|
|
|
UDD24203
|
4752
|
10947
|
1343
|
-1
|
221
|
141
|
115.1
|
119.3
|
4.2
|
9.7
|
2.9
|
|
|
UDD24207
|
4752
|
10947
|
1343
|
2
|
215
|
174
|
139.4
|
144.2
|
4.8
|
10.5
|
3.4
|
|
|
|
|
|
|
|
|
|
130.1
|
133.6
|
3.5
|
7.2
|
2.5
|
|
|
UDD24208
|
4752
|
10947
|
1343
|
2
|
220
|
165
|
134.5
|
135.9
|
1.4
|
14.9
|
1.0
|
|
|
UDD24209
|
4752
|
10947
|
1343
|
-1
|
225
|
168
|
117.0
|
119.2
|
2.2
|
13.4
|
1.5
|
|
|
UDD24298
|
4289
|
11901
|
938
|
12
|
174
|
62
|
50.1
|
52.3
|
2.2
|
31.9
|
1.5
|
|
|
|
|
|
|
|
|
|
25.5
|
27.2
|
1.7
|
13.2
|
1.2
|
|
|
UDD24362
|
4655
|
11015
|
1280
|
-63
|
162
|
66
|
36.4
|
40.5
|
4.1
|
6.2
|
2.9
|
|
|
UDD24363
|
4656
|
11015
|
1280
|
-51
|
139
|
84
|
66.8
|
71.1
|
4.3
|
5.2
|
3.0
|
|
|
UDD24365
|
4651
|
11017
|
1280
|
-85
|
223
|
77
|
48.7
|
55.9
|
7.2
|
5.3
|
5.0
|
|
|
UDD24367
|
4655
|
11015
|
1280
|
-67
|
137
|
84
|
62.5
|
72.5
|
10.0
|
6.9
|
7.0
|
|
|
UDD24368
|
4656
|
11015
|
1280
|
-59
|
148
|
81
|
60.2
|
68.2
|
8.0
|
3.9
|
5.6
|
|
|
UDD24480
|
4455
|
11171
|
1249
|
-16
|
243
|
24
|
3.8
|
6.2
|
2.4
|
11.2
|
1.7
|
|
|
UDD24545
|
3858
|
11708
|
910
|
-13
|
196
|
102
|
92.6
|
96.6
|
4.0
|
9.4
|
2.8
|
|
|
UDD23957
|
3680
|
11624
|
938
|
4
|
250
|
51
|
10.7
|
14.4
|
3.7
|
14.4
|
2.6
|
|
|
UDD23964
|
3702
|
11618
|
941
|
77
|
212
|
21
|
2.1
|
3.9
|
1.8
|
11.5
|
1.3
|
|
|
UDD23965
|
3702
|
11619
|
941
|
68
|
225
|
15
|
0.6
|
1.0
|
0.4
|
463.3
|
0.3
|
|
|
UDD23975
|
3682
|
11624
|
936
|
-70
|
243
|
72
|
0.4
|
1.5
|
1.1
|
24.7
|
0.8
|
|
|
UDD23979
|
3694
|
11622
|
941
|
85
|
7
|
15
|
0.0
|
0.3
|
0.3
|
146.6
|
0.2
|
|
|
UDD23993
|
3681
|
11665
|
998
|
-51
|
218
|
110
|
79.3
|
80.7
|
1.4
|
140.4
|
1.0
|
|
|
UDD23994
|
3681
|
11666
|
998
|
-51
|
227
|
96
|
82.2
|
82.5
|
0.3
|
100.5
|
0.2
|
|
|
UDD23997
|
3681
|
11666
|
998
|
-56
|
232
|
90
|
80.4
|
81.5
|
1.1
|
58.1
|
0.8
|
|
|
Note: Mine grid
co-ordinates shown.
|
Table 3: Complete Expansion Drill Results
from Western Mining Front
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)
|
Down hole From
(m)
|
Down hole To
(m)
|
Down hole
Intersection (m)
|
Au (gpt)
uncut
|
Est True
Thickness
|
|
|
|
|
|
|
UDD24336
|
4075
|
11935
|
860
|
4
|
290
|
74
|
57.7
|
58.7
|
1.0
|
17.5
|
0.7
|
|
|
|
|
|
|
|
|
|
69.0
|
70.0
|
1.0
|
3.4
|
0.7
|
|
|
UDD24337
|
4067
|
11929
|
858
|
-6
|
290
|
90
|
58.7
|
60.7
|
2.0
|
2.1
|
1.4
|
|
|
|
|
|
|
|
|
|
86.0
|
87.0
|
1.0
|
6.1
|
0.7
|
|
|
UDD24338
|
4050
|
11917
|
855
|
-5
|
292
|
60
|
35.6
|
36.6
|
1.0
|
2.5
|
0.7
|
|
|
|
|
|
|
|
|
|
38.9
|
39.9
|
1.0
|
1.0
|
0.7
|
|
|
|
|
|
|
|
|
|
42.1
|
46.7
|
4.6
|
1.7
|
3.2
|
|
|
|
|
|
|
|
|
|
55.9
|
56.9
|
1.0
|
1.3
|
0.7
|
|
|
|
|
|
|
|
|
|
57.9
|
58.8
|
0.9
|
1.7
|
0.6
|
|
|
UDD24339
|
4016
|
11895
|
850
|
-13
|
324
|
183
|
37.1
|
38.1
|
1.0
|
1.1
|
0.7
|
|
|
|
|
|
|
|
|
|
44.1
|
45.1
|
1.0
|
7.2
|
0.7
|
|
|
|
|
|
|
|
|
|
72.4
|
72.8
|
0.4
|
2.3
|
0.3
|
|
|
|
|
|
|
|
|
|
102.1
|
106.3
|
4.2
|
1.1
|
2.9
|
|
|
|
|
|
|
|
|
|
128.0
|
128.9
|
0.9
|
1.5
|
0.6
|
|
|
|
|
|
|
|
|
|
154.0
|
154.7
|
0.7
|
5.7
|
0.5
|
|
|
UDD24340
|
3997
|
11882
|
846
|
-18
|
323
|
195
|
16.3
|
17.3
|
1.0
|
5.1
|
0.7
|
|
|
|
|
|
|
|
|
|
23.6
|
24.5
|
0.9
|
1.6
|
0.6
|
|
|
|
|
|
|
|
|
|
44.0
|
45.0
|
1.0
|
1.4
|
0.7
|
|
|
|
|
|
|
|
|
|
55.1
|
58.1
|
3.0
|
1.1
|
2.1
|
|
|
|
|
|
|
|
|
|
94.4
|
96.2
|
1.8
|
23.0
|
1.3
|
|
|
|
|
|
|
|
|
|
160.0
|
160.6
|
0.6
|
1.6
|
0.4
|
|
|
|
|
|
|
|
|
|
163.5
|
164.5
|
1.0
|
1.9
|
0.7
|
|
|
|
|
|
|
|
|
|
189.1
|
189.6
|
0.5
|
1.6
|
0.4
|
|
|
UDD24341
|
3969
|
11862
|
841
|
-12
|
318
|
90
|
30.0
|
33.0
|
3.0
|
2.3
|
2.1
|
|
|
|
|
|
|
|
|
|
42.8
|
43.8
|
1.0
|
12.4
|
0.7
|
|
|
|
|
|
|
|
|
|
45.8
|
47.8
|
2.0
|
1.4
|
1.4
|
|
|
|
|
|
|
|
|
|
82.0
|
85.0
|
3.0
|
1.2
|
2.1
|
|
|
UDD24342
|
3979
|
11869
|
843
|
-19
|
322
|
114
|
22.6
|
36.0
|
13.4
|
14.8
|
9.4
|
|
|
|
|
|
|
|
|
|
39.0
|
40.0
|
1.0
|
1.1
|
0.7
|
|
|
|
|
|
|
|
|
|
60.6
|
64.0
|
3.4
|
1.1
|
2.4
|
|
|
|
|
|
|
|
|
|
66.0
|
67.0
|
1.0
|
2.2
|
0.7
|
|
|
|
|
|
|
|
|
|
69.0
|
70.1
|
1.1
|
2.5
|
0.8
|
|
|
UDD24343
|
3897
|
11806
|
833
|
60
|
282
|
41
|
10.1
|
11.1
|
1.0
|
1.7
|
0.7
|
|
|
UDD24351
|
3847
|
11867
|
832
|
-24
|
2
|
186
|
1.7
|
3.7
|
2.0
|
1.6
|
1.4
|
|
|
|
|
|
|
|
|
|
12.4
|
13.2
|
0.9
|
2.2
|
0.6
|
|
|
|
|
|
|
|
|
|
142.3
|
143.2
|
0.9
|
1.0
|
0.6
|
|
|
|
|
|
|
|
|
|
161.2
|
162.2
|
1.0
|
5.4
|
0.7
|
|
|
|
|
|
|
|
|
|
170.7
|
171.2
|
0.5
|
1.5
|
0.4
|
|
|
|
|
|
|
|
|
|
175.9
|
176.9
|
1.0
|
60.0
|
0.7
|
|
|
UDD24352
|
3834
|
11869
|
832
|
-34
|
3
|
177
|
153.2
|
154.2
|
1.0
|
1.2
|
0.7
|
|
|
|
|
|
|
|
|
|
161.2
|
162.2
|
1.0
|
2.4
|
0.7
|
|
|
|
|
|
|
|
|
|
165.0
|
165.3
|
0.3
|
1.7
|
0.2
|
|
|
UDD24353
|
3866
|
11865
|
832
|
-24
|
6
|
168
|
9.9
|
10.9
|
1.0
|
1.2
|
0.7
|
|
|
|
|
|
|
|
|
|
21.0
|
22.0
|
1.0
|
1.2
|
0.7
|
|
|
|
|
|
|
|
|
|
88.0
|
89.0
|
1.0
|
3.4
|
0.7
|
|
|
|
|
|
|
|
|
|
93.4
|
97.6
|
4.3
|
2.3
|
3.0
|
|
|
|
|
|
|
|
|
|
102.0
|
108.5
|
6.5
|
2.8
|
4.5
|
|
|
|
|
|
|
|
|
|
117.3
|
119.9
|
2.6
|
1.6
|
1.8
|
|
|
|
|
|
|
|
|
|
129.3
|
130.9
|
1.6
|
2.1
|
1.1
|
|
|
|
|
|
|
|
|
|
148.8
|
152.0
|
3.3
|
3.2
|
2.3
|
|
|
UDD24354
|
3858
|
11866
|
832
|
-34
|
5
|
174
|
11.5
|
16.4
|
4.9
|
1.9
|
3.4
|
|
|
|
|
|
|
|
|
|
140.3
|
141.1
|
0.8
|
2.6
|
0.6
|
|
|
|
|
|
|
|
|
|
143.5
|
146.3
|
2.8
|
2.1
|
2.0
|
|
|
|
|
|
|
|
|
|
148.7
|
155.2
|
6.5
|
4.1
|
4.6
|
|
|
UDD24355
|
3847
|
11867
|
831
|
-44
|
2
|
171
|
64.1
|
64.6
|
0.5
|
14.5
|
0.3
|
|
|
|
|
|
|
|
|
|
92.5
|
93.5
|
1.0
|
3.4
|
0.7
|
|
|
|
|
|
|
|
|
|
113.0
|
114.0
|
1.0
|
3.7
|
0.7
|
|
|
|
|
|
|
|
|
|
118.2
|
119.2
|
1.0
|
2.7
|
0.7
|
|
|
|
|
|
|
|
|
|
139.7
|
140.7
|
1.0
|
2.0
|
0.7
|
|
|
|
|
|
|
|
|
|
162.7
|
165.1
|
2.4
|
1.6
|
1.7
|
|
|
UDD24356
|
3850
|
11867
|
832
|
-42
|
22
|
93
|
14.3
|
18.8
|
4.5
|
1.6
|
3.1
|
|
|
|
|
|
|
|
|
|
53.5
|
54.2
|
0.7
|
4.9
|
0.5
|
|
|
UDD24357
|
3842
|
11868
|
831
|
-60
|
23
|
63
|
6.0
|
9.0
|
3.0
|
1.9
|
2.1
|
|
|
|
|
|
|
|
|
|
14.0
|
16.7
|
2.7
|
9.0
|
1.9
|
|
|
|
|
|
|
|
|
|
20.3
|
21.0
|
0.7
|
3.4
|
0.5
|
|
|
|
|
|
|
|
|
|
23.0
|
26.0
|
3.0
|
1.7
|
2.1
|
|
|
|
|
|
|
|
|
|
27.7
|
30.7
|
3.0
|
1.4
|
2.1
|
|
|
|
|
|
|
|
|
|
34.1
|
35.1
|
1.0
|
1.3
|
0.7
|
|
|
|
|
|
|
|
|
|
48.3
|
50.0
|
1.7
|
6.3
|
1.2
|
|
|
|
|
|
|
|
|
|
54.0
|
55.0
|
1.0
|
9.2
|
0.7
|
|
|
UDD24358
|
3816
|
11868
|
832
|
-60
|
16
|
147
|
78.6
|
79.2
|
0.6
|
3.2
|
0.4
|
|
|
|
|
|
|
|
|
|
85.0
|
86.0
|
1.0
|
1.7
|
0.7
|
|
|
|
|
|
|
|
|
|
89.5
|
90.4
|
0.9
|
2.0
|
0.6
|
|
|
|
|
|
|
|
|
|
94.4
|
95.4
|
1.0
|
2.3
|
0.7
|
|
|
|
|
|
|
|
|
|
109.3
|
111.4
|
2.1
|
2.2
|
1.5
|
|
|
UDD24359
|
3861
|
11861
|
833
|
39
|
172
|
60
|
8.7
|
9.0
|
0.4
|
1.5
|
0.2
|
|
|
|
|
|
|
|
|
|
11.1
|
17.0
|
6.0
|
2.3
|
4.2
|
|
|
|
|
|
|
|
|
|
23.0
|
25.0
|
2.0
|
1.9
|
1.4
|
|
|
|
|
|
|
|
|
|
30.0
|
31.0
|
1.0
|
1.1
|
0.7
|
|
|
|
|
|
|
|
|
|
36.0
|
36.6
|
0.6
|
6.6
|
0.4
|
|
|
|
|
|
|
|
|
|
41.8
|
42.6
|
0.8
|
5.8
|
0.5
|
|
|
|
|
|
|
|
|
|
44.6
|
44.9
|
0.4
|
1.6
|
0.3
|
|
|
|
|
|
|
|
|
|
47.8
|
49.6
|
1.8
|
1.3
|
1.2
|
|
|
|
|
|
|
|
|
|
57.7
|
59.7
|
2.1
|
1.8
|
1.4
|
|
|
UDD24360
|
3807
|
11862
|
834
|
18
|
198
|
57
|
28.3
|
29.3
|
1.0
|
1.6
|
0.7
|
|
|
|
|
|
|
|
|
|
41.2
|
43.0
|
1.8
|
1.3
|
1.3
|
|
|
|
|
|
|
|
|
|
47.5
|
48.4
|
0.9
|
3.6
|
0.6
|
|
|
|
|
|
|
|
|
|
53.0
|
55.6
|
2.6
|
3.8
|
1.8
|
|
|
UDD24263
|
3571
|
11961
|
900
|
-31
|
214
|
246
|
175.8
|
176.8
|
1.0
|
8.7
|
0.7
|
|
|
UDD24373
|
3573
|
11959
|
899
|
-30
|
210
|
186
|
165.7
|
166.7
|
1.0
|
1.2
|
0.7
|
|
|
|
|
|
|
|
|
|
168.7
|
170.7
|
2.0
|
2.4
|
1.4
|
|
|
UDD24374
|
3573
|
11959
|
900
|
-25
|
206
|
186
|
162.2
|
165.4
|
3.2
|
2.9
|
2.2
|
|
|
|
|
|
|
|
|
|
168.4
|
169.4
|
1.0
|
1.6
|
0.7
|
|
|
UDD24376
|
3573
|
11959
|
899
|
-30
|
204
|
205
|
159.3
|
165.7
|
6.4
|
17.7
|
4.5
|
|
|
UDD24377
|
3573
|
11959
|
900
|
-21
|
203
|
180
|
133.4
|
134.4
|
1.0
|
30.4
|
0.7
|
|
|
|
|
|
|
|
|
|
153.9
|
154.9
|
1.0
|
1.0
|
0.7
|
|
|
|
|
|
|
|
|
|
156.9
|
157.9
|
1.0
|
1.1
|
0.7
|
|
|
|
|
|
|
|
|
|
163.6
|
164.6
|
1.0
|
4.8
|
0.7
|
|
|
|
|
|
|
|
|
|
171.8
|
172.8
|
1.0
|
12.3
|
0.7
|
|
|
UDD24378
|
3584
|
11947
|
899
|
-36
|
205
|
201
|
106.0
|
106.5
|
0.5
|
17.3
|
0.4
|
|
|
|
|
|
|
|
|
|
151.6
|
152.6
|
1.0
|
5.8
|
0.7
|
|
|
|
|
|
|
|
|
|
164.4
|
166.0
|
1.7
|
1.3
|
1.2
|
|
|
|
|
|
|
|
|
|
177.3
|
178.1
|
0.8
|
25.3
|
0.6
|
|
|
|
|
|
|
|
|
|
185.0
|
186.0
|
1.0
|
12.0
|
0.7
|
|
|
|
|
|
|
|
|
|
191.0
|
193.0
|
2.0
|
6.3
|
1.4
|
|
|
UDD24379
|
3584
|
11947
|
900
|
-29
|
205
|
209
|
145.1
|
147.1
|
2.0
|
2.3
|
1.4
|
|
|
|
|
|
|
|
|
|
153.1
|
159.0
|
5.9
|
6.4
|
4.1
|
|
|
|
|
|
|
|
|
|
161.0
|
166.8
|
5.8
|
7.0
|
4.1
|
|
|
UDD24380
|
3584
|
11947
|
900
|
-17
|
205
|
211
|
146.3
|
146.8
|
0.5
|
1.2
|
0.4
|
|
|
|
|
|
|
|
|
|
152.8
|
156.0
|
3.2
|
2.1
|
2.3
|
|
|
|
|
|
|
|
|
|
165.0
|
166.1
|
1.1
|
8.2
|
0.8
|
|
|
UDD24381
|
3584
|
11947
|
900
|
-20
|
200
|
180
|
123.1
|
124.1
|
1.0
|
1.4
|
0.7
|
|
|
|
|
|
|
|
|
|
127.0
|
128.0
|
1.0
|
1.4
|
0.7
|
|
|
|
|
|
|
|
|
|
172.0
|
173.0
|
1.0
|
1.6
|
0.7
|
|
|
UDD24382
|
3593
|
11938
|
899
|
-32
|
201
|
207
|
175.0
|
176.0
|
1.0
|
2.1
|
0.7
|
|
|
|
|
|
|
|
|
|
182.0
|
184.0
|
2.0
|
2.2
|
1.4
|
|
|
|
|
|
|
|
|
|
189.0
|
193.0
|
4.0
|
5.0
|
2.8
|
|
|
UDD24383
|
3593
|
11938
|
899
|
-39
|
200
|
204
|
135.2
|
135.7
|
0.5
|
3.3
|
0.4
|
|
|
|
|
|
|
|
|
|
144.8
|
145.4
|
0.6
|
1.2
|
0.4
|
|
|
|
|
|
|
|
|
|
175.5
|
178.2
|
2.7
|
10.4
|
1.9
|
|
|
|
|
|
|
|
|
|
187.6
|
188.6
|
1.0
|
2.5
|
0.7
|
|
|
|
|
|
|
|
|
|
195.0
|
195.5
|
0.5
|
1.3
|
0.4
|
|
|
UDD24384
|
3593
|
11938
|
899
|
-31
|
196
|
207
|
185.6
|
190.5
|
4.9
|
7.4
|
7.9
|
|
|
UDD24385
|
3600
|
11933
|
901
|
-4
|
196
|
207
|
130.1
|
132.1
|
2.0
|
2.4
|
1.4
|
|
|
|
|
|
|
|
|
|
189.4
|
190.4
|
1.0
|
1.1
|
0.7
|
|
|
UDD24386
|
3600
|
11933
|
899
|
-31
|
194
|
198
|
183.0
|
189.3
|
6.3
|
2.6
|
4.4
|
|
|
UDD24387
|
3627
|
11906
|
898
|
-31
|
200
|
123
|
89.5
|
90.5
|
1.0
|
34.7
|
0.7
|
|
|
|
|
|
|
|
|
|
92.4
|
93.0
|
0.6
|
1.4
|
0.4
|
|
|
|
|
|
|
|
|
|
96.0
|
97.0
|
1.0
|
3.9
|
0.7
|
|
|
|
|
|
|
|
|
|
100.0
|
101.0
|
1.0
|
4.5
|
0.7
|
|
|
|
|
|
|
|
|
|
121.5
|
122.1
|
0.6
|
1.7
|
0.4
|
|
|
UDD24387A
|
3627
|
11906
|
898
|
-32
|
203
|
192
|
121.7
|
122.2
|
0.6
|
1.6
|
0.4
|
|
|
|
|
|
|
|
|
|
136.2
|
137.2
|
1.0
|
1.2
|
0.7
|
|
|
|
|
|
|
|
|
|
143.9
|
145.7
|
1.8
|
4.5
|
1.3
|
|
|
|
|
|
|
|
|
|
150.7
|
154.4
|
3.7
|
1.4
|
2.6
|
|
|
|
|
|
|
|
|
|
168.3
|
169.3
|
1.0
|
3.1
|
0.7
|
|
|
|
|
|
|
|
|
|
171.0
|
175.1
|
4.1
|
17.5
|
2.9
|
|
|
UDD24388A
|
3627
|
11906
|
898
|
-39
|
202
|
178
|
118.5
|
120.0
|
1.5
|
1.4
|
1.1
|
|
|
|
|
|
|
|
|
|
140.1
|
143.2
|
3.1
|
3.7
|
2.2
|
|
|
|
|
|
|
|
|
|
152.8
|
153.1
|
0.4
|
3.9
|
0.2
|
|
|
UDD24185
|
3608
|
11695
|
914
|
-6
|
257
|
327
|
63.8
|
64.6
|
0.8
|
6.8
|
0.6
|
|
|
|
|
|
|
|
|
|
72.8
|
74.1
|
1.3
|
3.0
|
0.9
|
|
|
|
|
|
|
|
|
|
164.2
|
165.2
|
1.0
|
3.0
|
0.7
|
|
|
UDD24186
|
3608
|
11695
|
914
|
-18
|
259
|
141
|
1.0
|
1.5
|
0.5
|
1.2
|
0.4
|
|
|
|
|
|
|
|
|
|
54.0
|
58.7
|
4.7
|
3.1
|
3.3
|
|
|
|
|
|
|
|
|
|
61.7
|
63.4
|
1.8
|
1.1
|
1.2
|
|
|
|
|
|
|
|
|
|
74.9
|
75.6
|
0.7
|
4.5
|
0.5
|
|
|
|
|
|
|
|
|
|
132.4
|
132.9
|
0.5
|
1.6
|
0.4
|
|
|
UDD24187
|
3608
|
11696
|
914
|
-23
|
275
|
125
|
55.2
|
71.0
|
15.8
|
2.6
|
11.1
|
|
|
UDD24188
|
3607
|
11696
|
914
|
-36
|
286
|
141
|
47.8
|
48.6
|
0.8
|
2.1
|
0.6
|
|
|
UDD24189
|
3607
|
11696
|
914
|
-25
|
284
|
145
|
49.6
|
50.6
|
1.0
|
2.2
|
0.7
|
|
|
|
|
|
|
|
|
|
55.6
|
57.3
|
1.7
|
1.3
|
1.2
|
|
|
|
|
|
|
|
|
|
59.5
|
60.5
|
1.0
|
2.5
|
0.7
|
|
|
UDD24190
|
3608
|
11696
|
914
|
-15
|
278
|
162
|
18.1
|
19.1
|
1.0
|
6.1
|
0.7
|
|
|
|
|
|
|
|
|
|
71.8
|
72.3
|
0.5
|
1.1
|
0.4
|
|
|
|
|
|
|
|
|
|
76.4
|
77.1
|
0.8
|
2.0
|
0.5
|
|
|
UDD24191
|
3607
|
11697
|
914
|
-23
|
290
|
210
|
7.9
|
8.5
|
0.6
|
1.7
|
0.4
|
|
|
|
|
|
|
|
|
|
60.1
|
63.3
|
3.2
|
3.0
|
2.2
|
|
|
|
|
|
|
|
|
|
67.2
|
71.2
|
4.0
|
10.1
|
2.8
|
|
|
|
|
|
|
|
|
|
76.5
|
77.5
|
1.0
|
1.1
|
0.7
|
|
|
|
|
|
|
|
|
|
195.8
|
196.1
|
0.3
|
1.9
|
0.2
|
|
|
UDD24245
|
3610
|
11698
|
915
|
12
|
314
|
146
|
70.1
|
71.1
|
1.0
|
1.4
|
0.7
|
|
|
|
|
|
|
|
|
|
94.9
|
95.5
|
0.6
|
3.3
|
0.4
|
|
|
|
|
|
|
|
|
|
121.9
|
122.3
|
0.4
|
1.2
|
0.3
|
|
|
|
|
|
|
|
|
|
124.3
|
126.3
|
2.0
|
2.8
|
1.4
|
|
|
|
|
|
|
|
|
|
130.5
|
131.5
|
1.0
|
1.1
|
0.7
|
|
|
UDD24246
|
3607
|
11697
|
916
|
25
|
294
|
183
|
144.1
|
144.6
|
0.6
|
2.7
|
0.4
|
|
|
|
|
|
|
|
|
|
155.6
|
157.6
|
2.0
|
5.0
|
1.4
|
|
|
UDD24248
|
3607
|
11697
|
915
|
8
|
293
|
201
|
57.9
|
58.6
|
0.7
|
1.0
|
0.5
|
|
|
|
|
|
|
|
|
|
165.2
|
166.2
|
1.0
|
1.8
|
0.7
|
|
|
|
|
|
|
|
|
|
171.7
|
172.7
|
1.0
|
1.3
|
0.7
|
|
|
|
|
|
|
|
|
|
189.3
|
190.3
|
1.0
|
1.7
|
0.7
|
|
|
UDD24249
|
3607
|
11697
|
914
|
-6
|
295
|
225
|
24.7
|
25.7
|
1.0
|
3.9
|
0.7
|
|
|
|
|
|
|
|
|
|
53.6
|
54.5
|
0.9
|
1.7
|
0.6
|
|
|
|
|
|
|
|
|
|
57.5
|
58.0
|
0.5
|
1.8
|
0.4
|
|
|
|
|
|
|
|
|
|
60.7
|
61.7
|
1.0
|
1.3
|
0.7
|
|
|
|
|
|
|
|
|
|
151.9
|
152.4
|
0.5
|
2.6
|
0.3
|
|
|
UDD24212
|
4604
|
11332
|
1230
|
12
|
232
|
204
|
106.8
|
107.3
|
0.5
|
2.8
|
0.4
|
|
|
|
|
|
|
|
|
|
121.4
|
122.4
|
1.0
|
2.9
|
0.7
|
|
|
|
|
|
|
|
|
|
127.0
|
128.0
|
1.0
|
2.2
|
0.7
|
|
|
UDD24215
|
4519
|
11267
|
1215
|
6
|
190
|
150
|
11.0
|
12.0
|
1.0
|
5.2
|
0.7
|
|
|
|
|
|
|
|
|
|
45.1
|
47.5
|
2.4
|
2.1
|
1.7
|
|
|
UDD24218
|
4566
|
11316
|
1227
|
40
|
285
|
150
|
40.5
|
41.1
|
0.6
|
11.1
|
0.4
|
|
|
UDD24221
|
4566
|
11317
|
1225
|
15
|
298
|
80
|
54.4
|
57.8
|
3.4
|
6.9
|
2.4
|
|
|
UDD23817A
|
3775
|
11632
|
1042
|
-48
|
156
|
188
|
115.3
|
115.6
|
0.3
|
4.3
|
0.2
|
|
|
|
|
|
|
|
|
|
126.7
|
127.0
|
0.3
|
2.1
|
0.2
|
|
|
|
|
|
|
|
|
|
140.9
|
141.2
|
0.3
|
1.1
|
0.2
|
|
|
UDD23819
|
3776
|
11632
|
1042
|
-26
|
156
|
210
|
146.1
|
146.8
|
0.8
|
1.9
|
0.5
|
|
|
Note: Mine grid
co-ordinates shown.
|
Mineral Resource and Technical Report
The updated Mineral Resource estimate and Preliminary Economic
Assessment were completed under the supervision of Stephen Hyland, FAusIMM who is a "qualified
person" as defined by NI 43-101 and is independent of the Company.
Mr. Hyland is a Fellow of the Australasian Institute of
Mining and Metallurgy (FAusIMM) and a member of the Canadian
Institute of Mining, Metallurgy and Petroleum (CIM) and a
"qualified person" within the meaning of NI 43-101. Mr. Hyland is
employed by Hyland Geological and Mining Consultants (HGMC) and has
been engaged on the basis of professional association between
client and independent consultant.
The technical report is entitled, "2020 Mineral Resource and
Reserve Estimate for the Plutonic Gold Operations Including Main
Open Cut Pit Area", is dated December 30,
2020, is effective December 31,
2019 and is available under Superior Gold's profile on SEDAR
at www.sedar.com and on the Company's website at
www.superior-gold.com.
Qualified Person
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 (NI 43-101).
Quality Control Protocols
Drilling is completed with NQ2 core diameter (50.7 mm) and
samples are completed with combination of whole core and half core.
Gold results were determined by ALS Minerals (Perth) and/or Plutonic laboratory using fire
assay fusion. 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.
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, numerous open pit projects including the Plutonic Main Pit
push-back project, 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.
Forward Looking Information
This news release contains "forward-looking information" within
the meaning of applicable securities laws that is intended to be
covered by the safe harbours created by those laws.
"Forward-looking information" includes statements that use
forward-looking terminology such as "may", "will", "expect",
"anticipate", "believe", "continue", "potential" or the negative
thereof or other variations thereof or comparable terminology.
Forward-looking information includes information with respect to
guidance as to projections, outlook, guidance, forecasts,
estimates, and other statements regarding future or estimated
financial and operational performance, gold production and sales,
revenues and cash flows, and capital costs (sustaining and
non-sustaining), including projected cash operating costs and
all-in sustaining costs) as well as statements with respect to the
mine-plan, exploration, drilling, operating and organizational
matters and activities relating to the Plutonic Gold Operations and
the Company generally, including its liquidity and capital
requirements and financial results. Such Forward-looking
information also includes information related to the Company's
previously announced strategic review process, the potential
outcome of such process and the intended maximization of
shareholder value that the Company believes may result from such
process. By identifying such information in this manner, the
Company is alerting the reader that such information is subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information.
Forward-looking information is not a guarantee of future
performance and is based upon a number of estimates and assumptions
of management at the date the statements are made. Furthermore,
such forward-looking information involves a variety of known and
unknown risks, uncertainties and other factors which may cause the
actual plans, intentions, activities, results, performance or
achievements of the Company to be materially different from any
future plans, intentions, activities, results, performance or
achievements expressed or implied by such forward-looking
information. Readers are encouraged to refer to the Annual
Information Form of the Company for a discussion of other risks
including outbreaks or threats of outbreaks of viruses, other
infectious diseases or other similar health threats, such as the
novel coronavirus outbreak, which could have a material adverse
effect on the Company by causing operational and supply chain
delays and disruptions, labour shortages, shutdowns, the inability
to sell gold, capital markets volatility or other unknown but
potentially significant impacts. The Company cannot accurately
predict what effects these conditions will have on the Plutonic
Gold Operations or the financial results of the Company, including
uncertainties relating to travel restrictions to the Plutonic Gold
Operations or otherwise and business closures that have been or may
be imposed by governments. If an outbreak or threat of an outbreak
of a virus or other infectious disease or other public health
emergency occurs, it could have a material adverse effect on the
Company's business, financial condition and results of
operations.
The Company cautions that there can be no assurance that
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such information. Accordingly, investors should not
place undue reliance on forward-looking information as no assurance
can be given that any of the events anticipated by the
forward-looking information will transpire or occur, and if any of
them do so, what benefits the Company will derive therefrom. Except
as required by law, the Company does not assume any obligation to
release publicly any revisions to forward-looking information
contained in this news release to reflect events or circumstances
after the date hereof. Neither the TSX Venture Exchange not its
Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy
or accuracy of this release.
View original content to download
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SOURCE Superior Gold