HIGHLIGHTS
• Updated Mineral Resource Estimate completed for the Steam Engine Gold Project:
Higher tonnage Owner Operated Processing Plant Scenario (lower cut-off grade of 0.25 g/t Au)
• 4.40 Mt @ 1.37g/t Au for 194,000 oz Au
High Grade Toll Treatment Scenario (higher cut-off grade of 1.0 g/t Au)
• 2.40 Mt @ 2.06g/t Au for 159,000 oz Au
Total Resource (cut-off grade: 0.25 g/t Au)
• MEASURED: 0.87 Mt @ 1.67g/t Au for 47,000 oz Au (24%)
• INDICATED: 1.87 Mt @ 1.36g/t Au for 82,000 oz Au (42%)
• INFERRED: 1.66 Mt @ 1.22g/t Au for 65,000 oz Au (34%)
• Substantial Resource base: Resource envelope defined to 200m depth over 1.5 km of continuous lode strike
• Significant Upside Potential: A further 10 kms of prospective lode extensions identified by recent studies, presenting substantial growth potential
• Growth-Focussed Drilling: Drilling program design underway to drive additional Resource expansion across multiple target zones
Superior’s Managing Director, Peter Hwang commented: “This gives us a solid platform for the Feasibility Study and reveals exciting new lode structures at Steam Engine’s northern end.
“We’ve extended the strike length and uncovered a new gold trend with multi-kilometre potential. With gold prices remaining strong and the 2024 Scoping Study showing robust returns, we’re accelerating development planning and launching a further along-strike expansion drilling program.”
Read the announcement via this link