news
Vancouver, BC -- Superior Diamonds Inc. (SUP-TSX.V) ("Superior" or the
"Company") has intersected 500 metres of kimberlite in the first hole
of a two-hole program to collect a large sample of the Morin kimberlite
discovered in February 2007 at its 100%-owned Ville Marie project in
Québec.
Drill hole MORIN 07-01 was collared 50 metres from the eastern boundary
of the pipe and drilled vertically. The drill hole intersected 21
metres of fine-grained material and from 21 metres continued in crater
facies kimberlite to a depth of 520.5 metres. The drill hole passed
into granite wallrock and the hole was completed at 554 metres.
Material from this hole will be submitted for petrographic, heavy
mineral and micro diamond analyses.
The second hole will be collared 50 metres from the western edge of the
pipe and will also be drilled vertically. The purpose of the second
hole is to test for a second phase of emplacement. This is suggested by
a change in kimberlite indicator mineral assemblages recovered from
overburden samples collected east to west down-ice from the pipe.
Material from this hole will also be submitted for petrographic, heavy
mineral and micro diamond analyses.
Superior President and CEO John Paterson said the presence of a thick
crater facies suggests the main pipe is well preserved. "What we are
finding is very unique as the crater facies in most kimberlite pipes in
North America has been eroded by glacial activity. The thickness of
this facies suggests this system could be of a large tonnage."
Superior is also drilling in the Lac Honorat and Lac D'Argent target
areas with two exploratory rigs. In both areas, the Company is drilling
on a grid pattern in the source areas for kimberlite indicator minerals
and kimberlite boulders.
About Superior Diamonds
Superior Diamonds is a junior Canadian exploration company, primarily
searching for diamonds in the under¬explored and highly prospective
regions of the Canadian Shield within the provinces of Ontario and
Québec. Superior's highly skilled team has defined a number of
promising target areas through grass roots exploration, and is now
focused on prioritizing these targets for drilling. To diversify risk
and balance its portfolio, the Company has adopted a strategy to
explore for other commodities where it has a proven track record of
expertise, including uranium. The Company is a reporting issuer in
British Columbia, Alberta, Ontario and Québec, and trades on the TSX
Venture Exchange under the symbol SUP.