Halls Reward Drill Holes Show Up to 13.5% Copper in Shallow Extensions
Superior Resources Limited issues a clarification on its Halls Reward Cu-Au-Ag Mine announcement, addressing compliance gaps while underscoring promising high-grade copper, gold, and silver targets revealed through historical data and ongoing exploration.
- Clarification issued over omission of assay results for mineralisation sample
- Historical data confirms exceptional high-grade copper-gold-silver mineralisation
- Shallow drill intersections indicate unmined extensions along strike
- Planned EM geophysical survey to identify conductive mineralisation targets
- Pipeline of high-grade targets at Greenvale Project alongside large porphyry systems
Clarification on Disclosure Compliance
Superior Resources Limited (ASX:SPQ) has reissued its announcement regarding the Halls Reward Cu-Au-Ag Mine to address a critical compliance oversight. The original release included a photograph of mineralisation representative of the Halls Reward Main Lode but lacked the required assay results for that sample, which was never assayed. To align with ASX Listing Rules, the company has removed the image and related references, ensuring full transparency in its disclosures.
Revealing High-Grade Mineralisation Potential
Despite the clarification, the core message remains compelling: historical data and recent reconnaissance confirm the presence of exceptional high-grade copper, gold, and silver mineralisation at Halls Reward. The mine, which operated until circa 1958, produced ore averaging 17% copper, 5 g/t gold, and 23 g/t silver. Notably, shallow drill holes from the 1950s reveal unmined extensions with significant copper grades, such as 4.0m at 8.8% Cu and 7.0m at 3.5% Cu, indicating substantial exploration upside along strike.
Exploration Strategy and Geological Context
Superior Resources is advancing a multi-pronged exploration approach at Halls Reward, including an upcoming electromagnetic (EM) geophysical survey designed to detect highly conductive copper mineralisation at depth. This survey aims to refine drill targets within the structurally complex, Cyprus-style VMS deposit system, which is known for clustered, high-grade mineralisation. The company’s reconnaissance sampling has also returned impressive rock chip and mullock grades, reinforcing the prospectivity of multiple parallel lodes extending over two kilometres south of the main shaft.
Broader Greenvale Project Pipeline
Halls Reward is part of Superior’s expansive Greenvale Project portfolio, which includes other high-grade copper-gold-silver prospects like Wyandotte, as well as large-scale porphyry copper-gold systems at Bottletree and Cockie Creek. The company is progressing feasibility studies at the Steam Engine Gold Project and preparing for drilling campaigns at Bottletree, supported by government grants. This diversified pipeline positions Superior to leverage both high-grade VMS-style deposits and large porphyry systems, potentially accelerating value creation.
Looking Ahead
With the planned EM survey and maiden drilling program at Halls Reward, alongside ongoing work at other Greenvale targets, 2025 promises to be a pivotal year for Superior Resources. The company’s strategy to target ‘low hanging fruit’ high-grade deposits in tandem with larger porphyry systems could unlock significant shareholder value, especially amid positive copper and gold market fundamentals.
Bottom Line?
Superior’s clarified disclosure sets the stage for a critical exploration phase that could redefine the Greenvale Project’s copper-gold potential.
Questions in the middle?
- What will the upcoming EM survey reveal about concealed high-grade mineralisation at Halls Reward?
- How extensive are the untested extensions and parallel lodes beyond historical workings?
- What impact will the combined exploration success at Halls Reward and other Greenvale targets have on Superior’s production timeline?
