Superior grant to drill Greenvale porphyry

Superior Resources has been given a boost in its bid to develop its copper leases in the Greenvale district north of Charters Towers. Superior was one of a clutch of companies recently awarded grants under the Collaborative Exploration Initiative (CEI). Superior has been granted $300,000 for the drilling of two critical diamond holes at the Bottletree porphyry Cu-Au-Mo prospect. Main image: Location of the Bottletree Cu/Au/Mo prospect and others within Superior Resources' Greenvale project in North Queensland. The company has nine prospects making up the Greenvale Project just south of Greenvale township. The grant will target the modelled core of the Bottletree porphyry system with two holes totalling 1,700m of drilling said Superior managing director Peter Hwang. Superior Reources Managing Director Peter Hwang “The porphyry copper-gold discovery at Bottletree and our exploration work over the greater Greenvale Project are progressively unlocking the multi-porphyry potential of the newly recognised Greenvale porphyry belt,” Mr Hwang said.“The timing of the CEI grant couldn’t be better and will fund the drilling of the two most critical deep holes directly targeting the modelled core of the Bottletree porphyry system. “Modelling of the potential location of the core has been made possible from the culmination of the geological data obtained from the 2022 and 2023 drilling campaigns.“We eagerly look forward to expediting the commencement of the CEI drilling. Watch this space as we update the market with new findings and the roll-out of our 2024 exploration programs.” The CEI program was competitive and the award strongly validates the flagship Bottletree Prospect and the significance of the Greenvale Terrane, being an important and previously unrecognised Cu-Au porphyry belt, said Mr Hwang. In the period of three years, Superior has confirmed the existence of two large porphyry Cu-Au-Mo systems and several other likely porphyries, he said. The grants program was meeting its goals he said. “The CEI program is a direct result of the Queensland Government’s commitment to building the foundation for a globally-leading critical minerals jurisdiction and considering Queensland’s mineral endowment, there is no doubt there is real potential to achieve this goal.” “Such initiatives and policies are vital to a successful and vibrant mineral exploration sector, which in turn has become critical for the future of Queensland.“At Superior we are contributing directly to the critical minerals future as we continue to make discoveries of major copper and nickel mineral systems and identify new mineral provinces.” The 2024 Bottletree drilling program, including the CEI holes, is expected to commence as soon as weather and ground conditions permit. CEI is managed by the Geological Survey of Queensland out of the Department of Resources.

Superior grant to drill Greenvale porphyry

Industry Queensland

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