- Superior Resources (SPQ) commences drilling at its Bottletree copper prospect, near Townsville, Queensland
- The program includes four diamond core holes totalling 2300 meres, targeting untested core
- Drilling will be undertaken in two stages with the first stage commencing on Friday, September 17
- Managing Director Peter Hwang said Bottletree is a “standout copper target” due to both its size and grade potential
- On the market this morning, Superior is in the grey and trading at 1.3 cents per share
Superior Resources (SPQ) is preparing to commence drilling at its Bottletree Copper Prospect, located about 210 kilometres west of Townsville, Queensland.
Bottletree lies five kilometres from the company’s Steam Engine Gold Project and forms part of Superior’s current 13,000 metre Greenvale drilling program.
The program includes four diamond core holes totalling 2300 meres, targeting untested core.
The last hole drilled by the company in 2018 found extensive copper mineralisation, returning 292 metres at 0.22 per cent copper, including 18.7 metres at 1.12 per cent copper.
Superior will commence stage one of the drilling program on Friday, September 17, targeting holes at different depths into the centre of the chargeability core.
Stage two is planned after visual inspection of mineralisation in the stage one cores against the 3D model and will include two holes to the north and south of the stage one holes.
Managing Director Peter Hwang said Bottletree is a “standout copper target” due to both its size and grade potential.
“The 3D modelling of the IP chargeability data, together with the observed close correlation between copper grades and chargeability, confirms compelling prospects for intersecting substantial copper mineralisation,” Mr Hwang said.
“Our tenement position at Greenvale secures an extensively mineralised corridor that provides the company with exciting VMS and porphyry copper-gold and nickel potential.”
On the market this morning, Superior was in the grey and trading at 1.3 cents per share at 11:32 am AEST.