The work completed at the Vieux Comptoir Property has assisted immensely in screening the large 19,533ha property. The detailed analysis has allowed for refined targets to be ranked and are now scheduled for immediate follow up during the Company's inaugural prospecting and rock sampling program which is expected to commence later this month. As a comparison, similar hyperspectral analysis was conducted over the CV5 lithium discovery by Patriot Battery Metals Inc (ASX: PMT), where anomalies were highlighted over the areas of outcropping lithium pegmatites that are similar to those identified at Vieux Comptoir.
- Based on the results of the remote sensing data analysis and processing of magnetics data nine (9) anomalous target trends have been identified across the property.
- Strike lengths of the individual target trends range in length from 5 to 20km in length and are between 500m to 1,500m in width, and are generally oriented in a northeast – southwest direction.
- Each of the anomalous trends contain numerous dyke-like structures identified from high resolution orthophotography. Individual dyke-like structures range in length between 50 – 500m and often occur in clusters and are generally noted to occur in conformant orientation to the target trends.
- The predominance of the dyke-like structures at target areas 1 and 2 as well as at Target areas 7 and 8 are located in close proximity to the prospective Vieux Comptoir Granitic Suite which is known to host spodumene granite within the district.
- Preliminary interpretation of the magnetics data indicates the greenstone magnetic signatures evident in off the property magnetics may continue along mapped structural trends and regional lithological contacts defined by the target trends.
- Several high priority dyke-like structures have been identified for priority follow up field work.
Pursuant to the terms of the Option Agreement, Superior mining will grant a one-time cash payment of
Technical information in this news release has been approved by
The Vieux Comptoir Lithium Property is located in the
ON BEHALF OF THE BOARD
________________________________
Neither the
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "
This press release contains forward-looking information based on current expectations, including the use of funds raised under the Offering. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, Superior assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
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