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personalForFigure 2. Soil gold image with mapped surface gold lodes at Windmill East and Origin prospects with connection to the Dinner Creek prospect and sub-parallel to the Steam Engine lodes. Historical shallow drill holes are shown, mapped lodes where exposed (white) and rock chip gold results (g/t Au).
Despite the poor exposure, the trends of the Windmill East lodes and elevated gold-in-soil zones (Figure 2) suggest a connection with the Dinner Creek Lode and it seems highly likely that the two prospects are part of the same system. The poor gold tenor at Dinner Creek may be due to a different host rock lithology (mafic to intermediate schist) compared to intrusive meta-tonalite at Windmill East-Origin.
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Only two rock chip samples were taken from each prospect. Values of 18.63 g/t Au and 6.97 g/t Au were obtained from Windmill East and 65.92 g/t Au and 3.19 g/t Au from Origin. These are significant gold numbers, which require further sampling and investigation before drill testing.
onlyThe very limited shallow historical drilling by Pancontinental produced a best result of 2m @ 1.72 g/t Au at Origin (hole ORC001, 12-14m) and 2m @ 1.84 g/t Au at Windmill (WERC003, 21-23m). Given that the lodes normally dip northwest, the orientation of some of the Origin holes parallel this direction and may not have tested the target zone. Overall, the Windmill East and Origin lodes remain largely untested and have potential for strike extensions and additional yet to be identified parallel lodes.
The Windmill East and Origin Prospects present significant potential to add substantial ore to the Steam Engine Resource.
usepersonalFigure 3. Quartz-sericite-pyrite altered lode from the Windmill East prospect. (Note similarity to the Dinner Creek lode). For
Figure 4. Granular quartz vein with boxworks after pyrite from the Origin prospect. Schistose wall-rock is tonalite with intense quartz-sericite-pyrite alteration.
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About Superior Resources
Superior Resources Limited (ASX:SPQ) is an Australian public company exploring for large lead-zinc-silver, copper, gold and nickel-copper-cobalt deposits in northern Queensland which have the potential to return maximum value growth for shareholders. The Company has a dominant exploration position within the Carpentaria Zinc Province, one of the world's richest mineral producing regions and is focused on multiple Tier-1 .equivalent exploration targets. For more information, please visit our website at www.superiorresources.com.au
only | Reporting of Exploration Target: The information in this report as it relates to exploration results, geology, geophysical |
imagery and drilling was compiled by Dr Peter Gregory, who is a Member of the Australasian Institute of Mining and | |
Metallurgy (AusIMM) and an independent consultant to the Company. Dr Gregory does not hold shares or any other | |
use | interest in the Company. He has not been on the Bottletree Project site, but has reviewed all primary data, inspected |
drill core located in Townsville and its context, has sufficient experience which is relevant to the style of mineralisation | |
and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person | |
as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and | |
Ore Reserves'. Dr Gregory consents to the inclusion in the report of the matters based on the information in the form | |
and context in which it appears. | |
Reliance on previously reported information: In respect of references contained in this report to previously reported | |
Exploration Results or Mineral Resources, Superior confirms that it is not aware of any new information or data that | |
personal | materially affects the information, results or conclusions contained in the original reported document. In respect of |
previously reported Mineral Resource estimates, all originally reported material assumptions and technical parameters | |
underpinning the estimates continue to apply and have not been materially changed or qualified. The form and context | |
in which the relevant Competent Person's findings are presented have not been materially modified from the original | |
document. | |
Forward looking statements: This document may contain forward looking statements. Forward looking statements | |
are often, but not always, identified by the use of words such as "seek", "indicate", "target", "anticipate", "forecast", | |
"believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", | |
"could" or "might" occur or be achieved and other similar expressions. Indications of, and interpretations on, future | |
expected exploration results or technical outcomes, production, earnings, financial position and performance are also | |
forward-looking statements. The forward-looking statements in this presentation are based on current interpretations, | |
expectations, estimates, assumptions, forecasts and projections about Superior, Superior's projects and assets and the | |
industry in which it operates as well as other factors that management believes to be relevant and reasonable in the | |
circumstances at the date that such statements are made. The forward-looking statements are subject to technical, | |
business, economic, competitive, political and social uncertainties and contingencies and may involve known and | |
unknown risks and uncertainties. The forward-looking statements may prove to be incorrect. Many known and | |
unknown factors could cause actual events or results to differ materially from the estimated or anticipated events or | |
results expressed or implied by any forward-looking statements. All forward-looking statements made in this | |
presentation are qualified by the foregoing cautionary statements. | |
For | Disclaimer: Superior and its related bodies corporate, any of their directors, officers, employees, agents or contractors |
do not make any representation or warranty (either express or implied) as to the accuracy, correctness, completeness, | |
adequacy, reliability or likelihood of fulfilment of any forward-looking statement, or any events or results expressed or | |
implied in any forward-looking statement, except to the extent required by law. Superior and its related bodies | |
corporate and each of their respective directors, officers, employees, agents and contractors disclaims, to the maximum | |
extent permitted by law, all liability and responsibility for any direct or indirect loss or damage which may be suffered | |
by any person (including because of fault or negligence or otherwise) through use or reliance on anything contained in | |
or omitted from this presentation. Other than as required by law and the ASX Listing Rules, Superior disclaims any duty |
For more information: Peter Hwang Managing Director Tel: +61 7 3847 2887www.superiorresources.com.aumanager@superiorresources.com.au
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Superior Resources Limited published this content on 17 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 22:54:03 UTC.