Superior Gold Drills 14.8 g/t Gold Over 13.4 Metres At Plutonic

Superior Gold Inc. (TSXV: SGI) today released drill results from their current underground diamond drill program at the company’s flagship Plutonic Gold mine in Western Australia. Superior has provided results for 18 underground infill drill holes for an aggregate 2,143 metres of drilling, with 78% of the holes drilled showing significant intercepts.

The results highlight the following:

  • Hole UDD24336 intersected 17.5 g/t gold over 1.00 meter downhole
  • Hole UDD24340 intersected 23.0 g/t gold over 1.80 meters downhole
  • Hole UDD24342 intersected 14.8 g/t gold over 13.4 meters downhole
  • Hole UDD24351 intersected 60.0 g/t gold over 1.00 meter downhole

Today’s drill results extend the current mineral resource by approximately 350 metres x 200 metres outside of the current mineral resource estimate. Superior stated that this new Baltic Gap mining front is adjacent to established underground infrastructure, and that minimal capital is required to develop the area.

Plutonic has produced approximately six million ounces of gold to date, with measured and indicated mineral resources of 1.89 million ounces and an inferred mineral resource of 3.07 million ounces.

Superior Gold Inc. last traded on the TSX Venture at $0.70.


Information for this analysis was found via Sedar and Superior Gold Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Karora Resources Produces 29,831 Gold Ounces, Posts $69.6 Million In Revenue For Q2 2021

Karora Resources Inc. (TSX: KRR) announced this morning its operational and financial results for Q2...

Monday, August 9, 2021, 08:38:08 AM

Monarch Mining Upgrades Resource At Beaufor Mine To 92,700 Measured & Indicated Gold Ounces

Monarch Mining Corp (TSX: GBAR) this morning released an updated mineral resource estimate for its...

Thursday, January 28, 2021, 07:50:11 AM

Alamos Gold Meets 2021 Production Guidance With 457,200 Ounces

Alamos Gold Inc. (TSX: AGI) shared on Monday its production results for Q4 and full-year...

Tuesday, January 18, 2022, 11:42:00 AM

Newmont Offers “Best And Final” Bid For Newcrest At $19.5 Billion

On Tuesday, Newmont Corp (NYSE: NEM) made a best and final offer of A$29.4 billion...

Tuesday, April 11, 2023, 09:41:46 AM

Gold Lion Releases 2021 Erickson Ridge Exploration Program

Gold Lion Resources (CSE: GL) this morning announced its exploration plans for its Erickson Ridge...

Tuesday, May 4, 2021, 09:47:15 AM