Superior makes new discovery

SUPERIOR Gold has announced a high-grade gold discovery, 20km to the south of its Hermes satellite development in Western Australia.

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The Plutonic gold mine

The company announced a hit of 9m at 9.3 grams per tonne gold from 136.2m at Hermes South.

Toronto-listed Superior is earning 80% of the project from Alchemy Resources by spending A$1.2 million over three years.

The project was subject to shallow trial mining in the late 1980s and Alchemy completed aircore, reverse circulation and diamond drilling earlier this decade.

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