Superior Mining Earns 51% Interest In Redcastle Gold Property
July 14, 2014
Vancouver, British Columbia: Superior Mining International Corporation, (the “Company”) is pleased to announce that it has earned a 51% interest in its Redcastle gold project near Leonora, West Australia.
The property is located approximately 250 km northeast of Kalgoorlie, in the Leonora-Laverton district of Western Australia in the highly prospective Yilgarn Craton region. Redcastle is close to major mining operations such as the Minara Nickel Operation, some 15 km to the north, and Barricks’ Granny Smith gold mine located about 50 km to the east.
With completion of a phase two, 56-hole aircore drill program for 1,268 m during the first week of May 2014, the Company has expended more than $200,000 on the Redcastle Project, thereby earning a 51% interest in the property in accordance with the terms of the Redcastle Farm‑in and Joint Venture Agreement with Reinhold Resources Pty. Ltd. of Kalgoorie, Australia.
Soil sampling and two aircore drilling programs at Redcastle, spaced on a 400 m by 400 m drill pattern through the younger cover, have confirmed significant gold values as high as 200 ppb. The host rock is a saprock-zone komatiitic basalt. Several interface anomalies have been located, extending 600 m north and northwest of drillhole RPA63. Values range from 25 ppb gold to 63 ppb gold. Further infill aircore drilling is required to close in on a defined RC drill target.
Superior Mining’s drilling results to date on the property are very encouraging since ore bodies have previously been found based on low order gold interface results in the Yilgarn Craton, host to many gold mines.
A full listing of the drilling results can be viewed on the Company’s web site.
On behalf of the Board of Directors of Superior Mining International Corporation
President & Chief Executive Officer
For more information please contact:
Superior Mining International Corporation
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