- Superior Resources (SPQ) intersects 632 metres of copper mineralisation at the Bottletree prospect within its Greenvale Project in Queensland
- Throughout 2021, the company drilled three diamond holes at Bottletree to target the chargeability zone of an IP anomaly and test the potential for copper-gold mineralisation
- The best results come from the third hole, which intersected 632 metres at 0.21 per cent copper, 0.03 g/t gold, 0.60 ppm silver and 18 ppm molybdenum
- Superior will begin this year’s drilling program shortly with an initial focus on targeting the highest-priority interpreted porphyry core
- Shares in Superior are up 34.3 per cent and are trading at 4.7 cents at 11:07 am AEST.
Superior Resources (SPQ) has intersected 632 metres of copper mineralisation at the Bottletree prospect within its Greenvale Project in Queensland.
Throughout 2021, Superior drilled three diamond holes at Bottletree to target the chargeability zone of an induced polarisation (IP) anomaly and test the potential for porphyry copper-gold mineralisation on the west side of the anomaly.
The best results come from hole BTDD004, which intersected 632 metres at 0.21 per cent copper, 0.03 grams per tonne (g/t) gold, 0.60 parts per million (ppm) silver and 18 ppm molybdenum from five metres.
This long intersection includes a one-metre zone at 5.25 per cent copper, 0.31 g/t gold, 10.7 g/t silver and 1.5 ppm molybdenum from 363 metres and a three-metre zone at 1.12 per cent copper, 0.14 g/t gold, 4.8 ppm silver and 2.1 ppm molybdenum from 631 metres, among other hits.
Superior said the results confirmed the main part of the IP anomaly lay outside and to the east of the mineralised porphyry zone.
“The better-than-expected results returned from BTDD004 are impressive, particularly considering the mineralisation is thought to be some distance away from the interpreted porphyry core where higher grades are expected,” Managing Director Peter Hwang said.
“To have intersected such a large interval of significant grade copper at this distal part
of the interpreted system provides us with further confidence that we are dealing with a very large-scale copper-gold system.”
Superior will begin this year’s drilling program shortly with an initial focus on targeting the highest-priority interpreted porphyry core.
Shares in Superior were up 34.3 per cent and were trading at 4.7 cents at 11:07 am AEST.