- Superior Resources (SPQ) prepares to mobilise its first drill rig to the Cockie Creek porphyry prospect within its Greenvale project in northern Queensland this week
- The move forms part of the company’s accelerated copper exploration strategy, which will see two diamond core rigs conduct drilling programs
- The Cockie Creek program comprises 13 holes for a total of 4500 metres to establish a JORC mineral resource estimate
- The rigs will also be used to complete a phase two program at the Bottletree prospect
- Superior Resources is up 7.41 per cent and trading at 2.9 cents at 12:01 pm AEST
Superior Resources (SPQ) is primed to mobilise its first drill rig to the Cockie Creek porphyry prospect within its Greenvale project in northern Queensland this week.
The move forms part of the company’s accelerated copper exploration strategy, which will see two diamond core rigs conduct drilling programs at the company’s most advanced prospect.
The Cockie Creek program comprises three deep core holes and ten resource definition and validation holes for a total of 4500 metres to establish a JORC mineral resource estimate.
“We believe there is no better way to start the program off with Cockie Creek, which historically hasn’t seen any comprehensive drill targeting of the large-system potential that is clearly evident at the prospect,” SPQ Managing Director Peter Hwang said.
“Consistent with our overall focus, our primary objective at Cockie is to discover a large, mineralised porphyry system directly beneath the copper-gold mineralisation that has been partially identified at surface.”
The rigs will also be used to complete a phase two program at the Bottletree prospect, which will target an interpreted intrusion centre of the large-scale copper-gold-molybdenum porphyry alteration system.
“Based on the findings from the 2022 program, phase two will vector towards the potassic core of the porphyry system by tracing the source of mineralising fluids with a second line of drill holes traversing further to the south of the 2022 drilling,” Mr Hwang said.
Since the completion of the 2022 Bottletree program, Superior’s team has conducted additional geological modelling at Bottletree, Cocklie Creek, plus a third porphyry target, dubbed Wyandotte.
SPQ was up 7.41 per cent and trading at 2.9 cents at 12:01 pm AEST.