Superior Gold Inc. (TSXV: SGI) announced this morning the results from an ongoing diamond drill program at its Plutonic gold mine in Western Australia. The report highlights an assay of 42.2 g/t gold over 5.6 metres.
The company provided the drill results from 52 holes out of the program, totaling 8,451 metres of drilling. These particular intersects came from the drilling effort focused on expanding and infilling the Western Mining Front of the property.
Highlights of the drill results include:
- UDD24141 (infill): 42.2 g/t gold over 5.6 metres
- UDD23993 (infill): 140.4 g/t gold over 1.4 metres
- UDD24376 (expansion): 17.7 g/t gold over 6.4 metres
- UDD24387A (expansion): 17.5 g/t gold over 4.1 metres
These drill results gave the company reason to believe that the highest grades at Plutonic are controlled by the northwestern trending faults. These assays are also not part of the property’s previously announced resource estimate, which declared measured and indicated resource of 1.89 million ounces and inferred resource of 3.07 million ounces.
In July 2021, the mining firm released its Q2 2021 operational results which highlighted a quarterly gold production of 19,356 ounces.
Full details of the drill results can be viewed here.
Superior Gold Inc. last traded at $0.61 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. 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. The author holds no licenses.
