Superior Resources Limited announced the commencement of the Company's 2022 diamond drilling program at its Bottletree Copper Prospect, located within the Company's 100%-owned Greenvale Project, 210kms west of Townsville, Queensland (Figure 1). The program comprises initially, 8 deep diamond holes for a total of 3,700 metres. The drill holes are targeting the core of at least one large interpreted Cu-Au-Mo porphyry system that is coincident with a 1.5km x 1km soil copper anomaly and a 1km-wide induced polarisation (IP) chargeability anomaly.

The first hole, BTDD005, has been collared 300m to the west of BTDD004, which was completed in 2021. BTDD004 was drilled to 658.9m and returned an impressive main copper zone of 224m @ 0.40% Cu, 0.05g/t Au, 0.9ppm Ag, 3.5ppm Mo (molybdenum) within an overall mineralised zone of 632m @ 0.21% Cu, 0.03g/t Au, 0.60ppm Ag, 18.0ppm Mo (Refer ASX announcement, 2 June 2022). Core from BTDD004 is variably mineralised with quartz-chalcopyrite vein sets and disseminated chalcopyrite including the strongly mineralised 224m interval.

Systematic drilling during 2018 and 2021 targeted the most intense IP chargeability anomaly, which is now considered to represent structurally-controlled mineralisation that is distal to at least one large Cu-Au-Mo mineralised porphyry system. Although considered distal to a core porphyry system, significant amounts of copper mineralisation exists, with hole BTDD001 (collared 500m east of BTDD004) returning an overall intersection of 552.6m @ 0.16% Cu, 0.02g/t Au, 0.7g/t Ag from 132m to the end of hole at 684.6m (Refer ASXannouncement, 25 January 2022). Structural information from the extensive mineralisation in BTDD004, together with multi-element soil geochemistry data, detailed surface alteration mapping and remodelled IP data, indicate that the core of a buried porphyry system lies to the west of BTDD004, where better mineralisation is expected (Figures 3 to 9).

The current program will test high priority porphyry core targets as well extensive near-surface copper mineralisation that appear to be associated with several interpreted buried porphyry intrusions.