SUMMARY
Bottletree Copper Prospect (Greenvale)
• Assays relating to the first 2021 deep diamond core hole at Bottletree (BTDD001), targeting a MIMDAS IP chargeability anomaly returned over 550m of variable grade copper mineralisation. BTDD001 confirmed that the IP chargeability anomaly highlighted an extensive zone of copper mineralisation that is distal to a mineralised porphyry system likely located about 500m to the west of the chargeability anomaly.
• Initial batches of assays from 2021 soil geochemistry survey and drill core samples (BTDD003 and BTDD004) were received at the end of the reporting period. Compilation of soil geochemical grid and drill hole assay data commenced and continuing during April 2022. Further batches of assays to be received during April 2022.
• Planning of 2022 drilling programs targeting the core of several mineralised potential porphyry systems.
• Secondary target: at least five near-surface, large, high order Cu zones.
Steam Engine Gold Deposit (Greenvale)
• Historic Windmill East and Origin prospects: High grade gold up to 65.9 g/t Au in rock chips identify a potential 4km gold lode corridor that straddles the area between Steam Engine and Bottletree Feasibility Study commenced on Steam Engine and Eastern Ridge lodes.
• Multiple parallel, poorly exposed gold lodes with substantial strike lengths identified at Windmill East and Origin determined to be identical to Steam Engine Lode and largely untested by drilling .
• Progressing mining and toll treatment strategy studies and Mining Lease application.
• Post reporting period – Steam Engine Mineral Resource increased to 4.18 Mt @ 1.5 g/t Au for 196,000 ounces of gold.
Big Mag and Dido/Phantom (Greenvale)
• Superior was granted the third and last outstanding exploration permit (EPM27932) to secure the Dido Intrusive Complex, which has confirmed potential to host Voisey’s Bay / ”Julimar-Gonneville” – style Nickel-Copper-PGE magmatic sulphide systems.
• Limited historic drilling by Anglo American confirmed the presence of fertile host rocks carrying magmatic sulphide mineralisation with up to 133m @ 0.12% Ni and 105m @ 0.14% Ni (up to 0.58% Ni, 0.28% Cu, 290ppb Pd, 220ppm Pt.
• Target generation progressing using high quality aerial VTEM and magnetic survey datasets.