Superior Lake Resources (ASX:SUP) has announced a maiden JORC resource for its Superior Lake Zinc Project in Ontario, Canada that ranks it as one of the highest-grade zinc projects in the world.
Superior Lake Resources Ltd
Superior Lake Resources Ltd (ASX:SUP) engages in the exploration and development of mineral prospects in Australia and Canada. It primarily explores copper, zinc, gold, and other base metals. The company holds interests in the Pick Lake Zinc project covering 47.5 square kilometers of area located in northwest Ontario; and the Winston Lake Project covering 4.5 square kilometers of area located in northwest Ontario. It also holds interests in the Leonora Project located in the Eastern Goldfields Province of the Archaean-aged Yilgarn Craton of Western Australia; and the Mt Morley Project covering 50 square kilometers of area located in Western Australia. The company was founded in 2009 and is based in Perth, Australia. Superior Lake Resources Limited is a subsidiary of Add New Energy Investment Holdings Group Limited.
Superior Lake Resources (ASX:SUP) recently acquired the Superior Lake zinc project in Canada. It was the country's highest-grade zinc operation (3.5 Mt at 14% Zn, 1% Cu) for a decade before closing in 1998 as a result of ongoing low zinc prices. Any exploration work since has been limited, due to the continued low zinc price and the project's fragmented ownership.
Australian Market Report of November 11, 2010: Southern Hemisphere (ASX:SUH) Announce Positive Copper And Gold Results in Chile
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