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http://www.abnnewswire.net/press/en/93731/SUPFINANCE VIDEO: Superior Lake Resources Ltd (ASX:SUP) Maiden Zinc Resource Exceeds Expectations - ABN Newswire (@ABN_Newswire)
FINANCE VIDEO: Superior Lake Resources Ltd (ASX:SUP) Maiden Zinc Resource Exceeds Expectations


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Superior Lake Resources Ltd
Maiden Zinc Resource Exceeds Expectations











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Maiden Zinc Resource Exceeds Expectations
Perth, July 4, 2018 AEST (ABN Newswire) - Superior Lake Resources (ASX:SUP) has announced a maiden JORC resource for its Superior Lake Zinc Project ('the Project') in Ontario, Canada that ranks it as one of the highest-grade zinc projects in the world. Highlights of the announcement include the following.

- Maiden JORC (2012) resource of 2.15 Mt at 17.7% Zn, 0.9% Cu, 0.4 g/t Au and 33.5 g/t Ag.

- Over 90% of the resource is in the Indicated category, which has accelerated a re-start study.

- The resource is based entirely on historical drilling.

- Numerous brownfield exploration targets have been identified close to the existing resource.

Analyst comments: this achievement has exceeded expectations with respect to grade and size, as well as resource classification. What's even more impressive is that the resource, which is based entirely on historical drilling, has been announced within 6 months of Superior Lake taking control of the asset.

The standout feature of the announcement is clearly the grade - the Project boasts not only the highest zinc grade for any on the ASX (resource greater than 1Mt) but also in the world.

And, while that grade is both impressive and important to the Project's long-term viability, the size and amount of ore classified in the indicated category are also critical, in that they significantly reduce the development timeline; indeed, it's possible that no further drilling will be required to complete at least an initial development study (scoping study) in the near term.

That said, with mineralisation open at both deposits and numerous additional brownfield targets identified, it seems likely the resource could increase when Superior Lake's inaugural drilling program - the first at the Project in more than 20 years - commences in coming months.

To view the video, please visit:
http://www.abnnewswire.net/press/en/93731/SUP