VANCOUVER, BC, April 20,
2023 /CNW/ - Superior Mining International
Corp. ("Superior Mining" or the "Company") (TSXV:
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.
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/
)

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.
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.
SOURCE Superior Mining International Corporation