Superior Resources Limited (ASX:SPQ) Clarifies Halls Reward Mine Announcement
Clarification on Previous Announcement
Superior Resources Limited (ASX:SPQ) has issued a clarification to its original announcement titled “Halls Reward Cu-Au-Ag Mine – Greenvale Data Review Reveals High-Grade Cu-Au-Ag Targets”. The original release on 12 February 2025 omitted necessary assay results for the mineralisation depicted in Figure 7, as the sample was never assayed. To comply with Listing Rules, Superior has removed the original Figure 7 and related references, releasing an amended announcement.
High-Grade Mineralisation Highlights
Superior reported exceptional high-grade copper, gold, and silver targets at the Halls Reward Mine within the Greenvale Project in northeast Queensland. Historical data and recent reconnaissance have identified significant Cu-Au-Ag mineralisation, including intervals such as 4.0m at 8.8% Cu and 2.4m at 13.5% Cu in drill hole DDH5. Additional high-grade samples include 20.13% Cu with 0.21g/t Au and 58g/t Ag. The mineralisation is interpreted as Cyprus-style VMS, indicating clustered high-grade deposits along structural corridors.
Future Exploration Plans
The company plans to extend the geochemical survey along the Halls Reward structure and conduct an EM geophysical survey to identify conductors for future drilling. Superior aims to drill high-grade Cu-Au-Ag targets and progress its large-scale porphyry Cu-Au systems at Bottletree and Cockie Creek. These efforts are part of Superior’s strategy to establish a hub-and-spoke copper and gold production centre at Greenvale, leveraging multiple high-potential exploration targets.
Executive Comments
Managing Director Peter Hwang stated, “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.”
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