Superior Gold Update on Baltic Gap Mining Front at Plutonic
Superior Gold Inc announced high-grade drill results from its ongoing underground diamond drill program at its 100%-owned Plutonic Gold mine in Western Australia. Plutonic is a world-class Archean lode-style gold mineralized system that has produced close to six million ounces of gold to date and encompasses a Measured and Indicated Mineral Resource of 1.89 million ounces together with an Inferred Mineral Resource of 3.07 million ounces. The Company's continuous exploration effort underpins a commitment to resource growth. Superior Gold Interim CEO Tamara Brown said "We continue to demonstrate the continuity and high-grade nature of the mineralized gold system at Plutonic. Today's drilling results show continued growth of the new Baltic Gap mining front, which now extends over an interpreted strike length of 350 metres and up to 200 metres down dip, while remaining open along strike and at depth. Results such as drill hole UDD24342, which intersected 14.8 g/t gold over 13.4 metres, give us further confidence in mining higher grades at Plutonic in the future. Results to date support our view that the Baltic Gap is an important new area of production at Plutonic. The Baltic Gap results are now drilled at an average spacing of 20 metres, but are not yet included in our current Mineral Resource estimates.”
Results are provided for 18 underground exploration and infill drill holes for a total of 2,143 metres of drilling. Significant intercepts (intercepts above 4.5 gram-metres) were recorded in 78% of the holes drilled, representing a very strong hit ratio. Drilling during April 2021 was focused on extending and infilling the Baltic Gap mining front which has yet to be fully drill tested.
Drill hole UDD24342 intersected 14.8 g/t gold over 13.4 metres in the Baltic Gap mining front
This new mining front now extends approximately 350 metres by 200 metres outside of the current Mineral Resource estimate
The new Baltic Gap mining front is also directly adjacent to existing underground infrastructure, thus requiring minimal capital to develop the area
Today's drill results continue to support the Company's strategy of opening new high-grade mining fronts in the Plutonic underground