• Diamond drilling has commenced at Bottletree, targeting the core of a large scale interpreted Cu-Au porphyry system
• First hole (BTDD005) collared 300m west of 2021 hole, BTDD004, targeting zones to the west and beneath BTDD004. BTDD004 intersected 632m @ 0.21% Cu, 0.03g/t Au, 0.60ppm Ag, 18.0ppm Mo from 5m below surface, including 224m @ 0.40% Cu, 0.05g/t Au, 0.90ppm Ag, 3.5ppm Mo and 103m @ 0.53% Cu, 0.05g/t Au, 1.4ppm Ag, 3.3ppm Mo
• Re-modelling of MIMDAS IP data highlights a 1 km-wide zone of moderate IP chargeability at moderate depth immediately west of BTDD004. The large chargeability anomaly is interpreted as potential mineralisation associated with the core or cores of one or more buried porphyry intrusions
• Initial program of 8 holes planned for a minimum total of 3,700m
• BTDD005 targeting central porphyry core, down-dip extensions to strong mineralisation in BTDD004 and 1km-wide IP chargeability anomaly extending 1km westwards from BTDD004, at 250m down hole depth
• 7 other holes targeting interpreted porphyry intrusions and near-surface Cu-Au mineralisation
Superior’s Managing Director, Peter Hwang commented:
“We have just commenced the Company’s most anticipated and exciting drilling program, targeting what we interpret to be the core zones of multiple copper-gold-molybdenum porphyry intrusions. We have reached this point after only two diamond drilling programs. Notably, last year’s program provided numerous ground-breaking findings, including drill hole intersections of very extensive porphyry-style copper-gold mineralisation.
“Our step-by-step approach to this program focuses initially on a compelling and strong central zone of copper-gold-molybdenum soil anomalism, which is supported by a newly remodelled large chargeability anomaly, airborne magnetics and satellite imagery-interpreted intrusion centres. All of this sits down-dip and behind the massive 632 metres of copper mineralisation returned from BTDD004.
“However, the chargeability anomaly is large and extends for about 1 kilometre, so apart from having very large size potential, we do have a lot of ground to cover.
“Apart from the drilling, we will also be extending last year’s multi-element soil geochemistry program westwards as indications are that porphyry mineralisation extends significantly further than the 1.5 kilometre soil copper zone that originally defined Bottletree. We will also be extending the MIMDAS IP survey to cover the expanded prospect area.
“We have an exciting few months ahead of us and we will be updating the market regularly as we receive significant visual and laboratory results.”