SPQ superior resources limited

Ann: 1st batch assays reveal important findings for Steam Engine, page-52

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    Make or Break Quarterly in the next couple of days ?
    The below from 18th November Announcement.
    Regular release of results and point No 6. a worry.


    ASX
    Announcement
    18 November 2024
    COMPLETION OF PHASE 2 DRILLING AT STEAM ENGINE
    GOLD PROJECT
    New footwall alteration zone discovered beyond planned hole depth
    at Steam Engine Lode



    Sample Assay Status
    As at 12 November 2024, a total of 1,764 drill samples delivered in nine batches have been received by SGS
    Laboratories in Townsville. This represents approximately one-third of the total number of samples
    collected from the Phase 2 program.
    The Company has been informed by SGS that the first batch of assays is expected to be delivered on 22
    November 2024. Subsequent batches of assays are expected to be received on a weekly or basis over the
    next three months.
    Next Steps
    The following sets out the key activities planned to be conducted on the Project, most of which are expected
    to be reportable to the market:
    1. Receipt and analysis of the first batch of sample assay results;
    2. Complete interpretation of SAM survey data together with inversion modelling of ground magnetics
    data;
    3. Mineral Resource upgrade;
    4. Financial modelling upgrade; and
    5. Continue Feasibility Study work units, including native title and mining lease application process;
    and
    6. Subject to funding, continue exploration drilling programs.
 
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