Vancouver, British Columbia – April 20, 2023 – Superior Mining International Corp. (“Superior Mining” or the “Company”) (TSX-V: SUI) (OTC: SUIFF) is pleased to announce that the Company will commence its field exploration program at the Vieux Comptoir Property (the “Property”). The 2-phase program is to include detailed remote sensing, heliborne magnetic survey, and an inaugural field exploration and prospecting work program at the property.
Johnathan More, Chairman of Superior Mining commented, “We are excited to commence our inaugural exploration program over the Vieux Comptoir Property. Our contractors are engaged and the remote sensing and magnetics surveys will greatly enhance our ability to complete effective boots on the ground exploration work later in the spring. We will follow this work up with a drill program this summer.”
The company has also increased the size of the claims block based on additional acquisitions by the vendors since the claims were originally acquired. The expanded claims package now includes an additional 47 claims, currently amounting to 381 Quebec mineral exploration claims for a total of 19,533 Ha (or 195 square kilometers).
2023 work Program Highlights
- Preliminary exploration budget is approved, and exploration work has been initiated at the Vieux Comptoir Project, located along trend from Patriot Battery Metals Inc. Corvette lithium deposit currently under development.
- Detailed remote sensing, satellite data acquisition and analysis, focusing on the identification of lithium and mineral anomalism is to be commenced to assist field crew in effective boots on the ground prospecting.
- Crew mobilization is complete and the heliborne Triaxial Magnetic Survey over the property is to commence imminently. The survey is designed to define potential for pegmatite emplacement at the Project.
- First helicopter-assisted field program planned for late May early June, which will include the Company’s inaugural prospecting and rock sampling program at the property.
Figure 1: The Vieux Comptoir property, James Bay, Quebec.
About the Vieux Comptoir Lithium Property:
The Vieux Comptoir Lithium Property was acquired to explore for lithium and is located in the James Bay Region, Quebec and includes rocks of the prospective Vieux Comptoir Granitic Suite. The Property is located along the trend from Winsome Resources’ Adina Project and Patriot Battery Metals’ Corvette Project. The Property is an early-stage exploration opportunity, comprising of a total of 381 Quebec mineral exploration claims, which amount to a total of 19,533 hectares or 195 square kilometers.
The Vieux Comptoir Property is located in the James Bay region on Quebec, in the La Grande sub-province of the Superior Province. The Property encompasses lithium pegmatite prospective source rocks of the Vieux Comptoir Granitic Suite which have been identified on the Property. Regionally, the Vieux Comptoir Granitic Suite is known to host K-feldspar granite phases in pegmatite form which may host an abundance of spodumene.
The Property is located along the La Grande Greenstone Belt trend. The Corvette Shear Zone passes through the Property and such regional structures are known to focus pegmatite emplacement in the surrounding district.
The project area was targeted by the Company and the claims were acquired to obtain a strategic land position within the lithium prospective James Bay region. The Property is adjacent to established lithium pegmatite occurrences and active successful projects:
- Approximately 45 km east of Patriot Battery Metals Corvette Project where numerous Spodumene bearing pegmatites have been discovered, and recent drilling includes intersections including 83.7 m of 3.13% Li2O, including 19.8 m of 5.28% Li2O. ( https://patriotbatterymetals.com/portfolio/corvette/)
Approximately 45km west of Winsome Resources, Adina Project where early-stage explorations have identified outcropping pegmatites across the property returned results up to 4.89% Li2O, recent drilling results include 12.2 metres grading 1.5% Li2O from 63.3 m. ( https://winsomeresources.com.au/projects/adina/ )
Figure 2: Project geology and prospectivity based on available regional goverment data.
Qualified Person: Luke van der Meer (P.Geo) is a consultant to the company, is a Qualified Person (“QP”) as defined by National Instrument 43-101 guidelines – Standards of Disclosure for Mineral Projects (“NI 43-101”), and has reviewed the technical information of this news release. Historical information contained in this news release is derived from previous workers Assessment Reports and has not been field verified.
QAQC Comments:
The historical sample results described above are derived from public domain datasets freely available online at SIGÉOM. https://sigeom.mines.gouv.qc.ca/signet/classes/I1108_afchCarteIntr?l=A
ON BEHALF OF THE BOARD
“Brent Butler”
_________________________
Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release.
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 "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
Superior Mining International Corp.
https://superiormininginternational.com
515-401-7479
Cautionary Note Regarding Forward-Looking Information
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.
