HIGHLIGHTS
* Significant Expansion: Superior has increased its Greenvale Project by 56% to 3,602 sq km, establishing Superior as the largest landholder in the region
• Highly Prospective Tenements: The newly acquired areas cover regions known for producing major mineral deposits, represents the right geological settings for generating significant mineral deposits
• World Class Opportunity: Greenvale’s highly unique geological setting has proven prospectivity for multiple Tier 1 size deposits, including porphyry Cu-Au, orogenic Au, high-grade VMS Cu-Au-Ag, Norilsk and Voisey’s Bay style Ni-Cu-PGE, lateritic Ni, and uranium
• Strong Pipeline of Targets: The project includes several high-potential mineral systems already identified, such as Bottletree, Cockie Creek, Wyandotte, Steam Engine, Hall’s Reward and Telegraph
• Previous Exploration at Greenvale has already delivered strong results, including:
o Bottletree & Cockie Creek: multiple thick porphyry Cu-Au intersections, such as:
– 632m @ 0.21% Cu + 0.03g/t Au, incl 224m @ 0.40% Cu + 0.05g/t Au
– 117m @ 0.52% Cu + 0.11g/t Au
– 320m @ 0.21% Cu + 0.05g/t Au
– 248m @ 0.28% Cu + 0.06g/t Au
o Hall’s Reward: high-grade copper up to 13.5% Cu in historical drilling.
• Extensive historical datasets (geophysics and geochemistry) available to fast-track target definition and field programs on grant
• Assay results expected shortly from rock chip sampling at Hall’s Reward, intended to guide drill targeting and subsequent exploration programs.
• Advanced discussions underway with development, financing and offtake partners, positioning the company for accelerated growth and production
Superior’s Managing Director, Peter Hwang commented: ““The addition of these four new applications is a significant milestone for Superior, positioning us as the clear dominant landholder in this highly prospective district. The expanded project area has now captured a very unique collection of highly fertile geological domains, not seen in other parts of Queensland.
“Our team has already demonstrated the enormous geological potential at Greenvale, with discoveries at Bottletree and Cockie Creek where drilling has returned thick copper-gold intersections, and at Hall’s Reward with extremely high-grade copper. And, of course, at Steam Engine we have established a sizeable gold Mineral Resource that developed over less than one-tenth of the known strike of the mineralised structures.
“These new applications strengthen our pipeline considerably, giving us district-scale exposure to multiple world-class deposit styles. With extensive historical datasets already in place, we are in a position to advance new targets quickly once the ground is granted.
“We see Greenvale as a true company-making opportunity and look forward to systematically unlocking its copper and gold potential in what is shaping up to be a major new mineral province. In addition to developing Steam Engine, our focus will remain on building scale and defining deposits that can attract strong investor and industry interest, particularly as market sentiment for copper and gold continues to strengthen.”
Read the announcement via this link