HIGHLIGHTS
- Extensive drilling programs of up to 3,000m to be conducted at the Steam Engine Gold Project, following a review of existing drill hole, geophysics and soil geochemistry data.
- Objective of the program is to grow the gold inventory by extending drilling along strike to the north and south of the current Mineral Resource envelopes at the Steam Engine and Eastern Ridge lodes.
- Additional 1.5km total length of mineralised structure outside of the Mineral Resource envelope will be tested, which is comparable to the combined strike length of the current 194,000 oz Au Steam Engine Project Mineral Resource.
- Drilling targeted to commence during Q1 CY2026, whilst the current Feasibility Study and project development programs continue to progress in parallel.
- Up to 3,000m drilling program together with soil and geophysical survey programs being prepared for the Telegraph and Halls Reward Copper Prospects, which have previously returned ultra-high grade rock chips (assays up to 46.5% Cu).
Superior’s Managing Director, Peter Hwang, said: “As part of our objective of growing the total gold Resource inventory, the planned drilling program at Steam Engine will test a suite of compelling targets defined through the continued integration and analysis of geological, geophysical and geochemical datasets. While the Project’s 194,000 oz Mineral Resource forms the foundation for the current toll treatment development program, we see clear potential for significant resource growth that could materially strengthen the case for a phased development or an immediate standalone processing operation. Importantly the Resource expansion and exploration drilling programs will continue to run in parallel with the project development program.
“Beyond Steam Engine, we are continuing to progress the highly prospective high-grade copper prospects, Telegraph and Halls Reward. Planning is underway for a 3,000m RC and diamond drilling program together with soil and geophysical survey programs. We are particularly excited about Telegraph, which at surface, shows similarities to Halls Reward, but is associated with a large and intense soil copper anomaly of 1.5 kilometres x 0.5 kilometres that has never been drill-tested.”
Read the announcement via this link