Superior Resources Limited announced the first assay results from a 2,300m diamond drilling program at its Bottletree Copper Prospect, which forms part of the Company's 100%-owned Greenvale Project, approximately 210kms west of Townsville, Queensland (Figure 1). Assay results for rock chip samples taken from the Bottletree area are also reported. BTDD001, drilled to 684.6m, is one of two deep core holes testing a large MIMDAS induced polarisation (IP) chargeability anomaly located on the outer edge of a 1.5km x 1km soil copper anomaly, which defines the Bottletree Prospect.

The IP chargeability anomaly highlighted a part of a large zone of disseminated and vein copper mineralisation that extends for 750m within a major northwest-striking mineralised structural corridor. The hole intersected extensive disseminated and vein copper-gold-silver mineralisation over variably broad intervals from 132m to 681m, with individual intervals ranging up to 87m. The disseminated zones include numerous zones of high grade, intensely mineralised shear-related chalcopyrite-pyrrhotite-quartz veins returning up to 2.79% Cu.

Drilling confirmed that the extensive copper mineralisation highlighted by the chargeability anomaly does not represent part of the main mineralised porphyry stock, but late-stage mineralisation sourced from a large copper-gold porphyry system located nearby and to the west of the anomaly. Significantly, a new understanding of the polymetallic veining suggests the mineralisation has affinities with late-stage shear veining in some Central European porphyry deposits that are developed after the main stockwork and sheeted vein mineralisation stages of the porphyry. In addition, the mineralisation is more extensive than indicated by the chargeability anomaly and crops out at surface.

Although the drilling did not identify the targeted porphyry stock, the amount of copper mineralization is considerable and is currently observed over at least 750m surface strike, 500m width and 600m vertical extent. The last reported quarters' production from Cadia (from Cadia East) mined a head grade of 0.82 g/t gold and 0.35% copper (1.41 g/t AuEq1) with an all in sustaining cost margin of $1,519/oz. This illustrates the favorable economic potential of bulk mining operations in the Macquarie Arc at not dissimilar depths to these mineralised zones in TRDD029.

BTDD001 was drilled to test the MIMDAS IP chargeability high that occurs in part of a 750m northwest striking mineralised structural corridor with associated copper soil anomalism (Distal Copper Zone). The hole intersected mainly disseminated chalcopyrite mineralisation in variably broad intervals from 132m to 684.6m (End of Hole). Coherent individual intervals range up to 87m.

Several zones of intensely mineralised shear related chalcopyrite-pyrrhotite-quartz veins were also intersected within the disseminated zones. The disseminated mineralisation was observed to correlate closely with the 3D-modelled outer (50mV/V) iso-surface of the IP chargeability model. The bottom 20m of the hole intersected chalcopyrite veining of a different character and more akin to that the upper half of hole BTDD004 where quartz-chalcopyrite and quartz-chalcopyrite-molybdenite veins appear more porphyry-style.

Assays show a general low Cu and Au tenor with the highest Cu related to coarse buck quartz-chalcopyrite- pyrrhotite in shears. However, the down-hole thickness of copper mineralisation is considerable, with 132m ­ 684.60m (552.6m @ 0.16% Cu, 0.02g/t Au, 0.7g/t Ag) punctuated by these coarse veins which locally produce usually narrow intervals of higher grade. Mo values are mostly below detection (<2ppm), but with a few higher values including 526-527m, 1m @ 63ppm Mo and 607-608m, 1m @ 26ppm Mo.

This is in contrast to higher Mo values expected in hole BTDD004 (yet to be assayed) where visible molybdenite was logged. The high Mo values prompted a review of historical hole SBTRC003 to the west of the Distal Copper Zone and west of BTDD004, as some significant Mo assays were noted. These include a 42m interval averaging 79.7ppm Mo.

The importance of these results is that a possible porphyry source to the molybdenite veining may lie at depth beneath hole SBTRC003 or further west, as anomalous Mo is characteristically proximal to the core of any mineralised porphyry intrusion.