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).
- 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.
The Vieux Comptoir Lithium Property was acquired to explore for lithium and is located in the
The Vieux Comptoir Property is located in the
The Property is located along the La
The project area was targeted by the Company and the claims were acquired to obtain a strategic land position within the lithium prospective
- 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/ )
Qualified Person:
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
"
__________________________
Chief Executive Officer and Director
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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