Canopener Property
Vancouver, BC -- Superior Diamonds Inc. (SUP-TSX.V)("Superior" or
the"Company")is pleased to announce commencement of a first phase
diamond drill program on its 50%-owned Canopener Property, located near
Lansdowne House, Northwestern Ontario. Superior's joint venture partner
is Lake Shore Gold Corp1. This program was initiated once an agreement
was reached with the Neskantaga First Nation, upon whose traditional
territory the Canopener property occurs.
As previously reported, the interest in this area for gold was sparked
by the recovery of anomalous numbers of total gold grains from
overburden samples, including anomalous values of pristine gold grains.
(Gold, being relatively soft, remains as pristine grains for only a
short distance from its source.) These samples, part of a regional
sampling program, were originally collected to evaluate the area for
its diamond potential. When Superior analysed the results of the
overburden sampling program, it identified two significant and well
defined gold grain dispersal trains. In addition, there were several
single samples with anomalous gold grain values that did not appear to
be associated with dispersal trains.
These anomalous gold grain values are associated with shear structures
that occur within the Peeagwon metavolcanic assemblage of the Wunnummin
Greenstone Belt. This belt is considered under-explored for gold. The
Canopener property strategically covers a significant area of these
shear structures from which the individual anomalous gold grain values
and gold grain dispersal trains are thought to have been derived and
within which several gold showings have been previously identified.
This purpose of this first phase of diamond drilling is to gain a
better understanding of the local geology and to test some of the gold
showings. Nine to twelve holes are planned and drilling should be
completed by mid- to late July. A program to collect 200 to 250
overburden samples is planned to follow, for completion by mid-August.
The purpose of this program is to: a) determine if there are other gold
grain dispersal trains on the Canopener property, and b) determine if
the single samples with anomalous gold grain values are part of other
gold grain dispersal trains. Once the data from the first phase of
diamond drilling and overburden sampling has been compiled and
interpreted, Superior is anticipating a more extensive diamond drill
program in early 2008.