Superior Resources (ASX:SPQ) Announces High-Grade Cu-Au-Ag Targets
High-Grade Cu-Au-Ag Targets Identified
Superior Resources has identified exceptional high-grade copper, gold, and silver targets at the Halls Reward Cu-Au-Ag Mine. Historical data and recent field reconnaissance revealed significant unmined extensions, with drill holes indicating substantial mineralisation potential.
Exploration and Sampling Results
Shallow, high-grade copper was discovered in 1950s drill holes, including 4.0m @ 8.8% Cu and 2.4m @ 13.5% Cu in DDH5. Additional mullock and rock chip samples returned high-grade Cu-Au-Ag results, confirming the prospectivity of the area.
Future Exploration Plans
The company plans to conduct an EM geophysical survey to identify conductors prior to drilling, alongside extending soil sampling and initiating a large-scale drilling program to further evaluate the high-grade targets.
Executive Comments
Superior’s Managing Director, Peter Hwang, commented: “The Greenvale Project reveals yet another jewel of a project within the copper, gold and nickel rich island-arc terrain that has been secured by the tenement package. Halls Reward is a very tantalising VMS-style copper-gold-silver deposit system and is one of the many ‘low-hanging fruits’ requiring modern exploration and thorough drill-testing. The potential presented by Halls Reward is substantial and may further strengthen the Company’s prospects for an early-stage hub-and-spoke copper and gold production centre at Greenvale. 2025 will be an important year with several important objectives to be achieved which include the completion of the Steam Engine feasibility study, upgrading of at least two Mineral Resources and making key advancements with the Company’s copper portfolio.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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