Tipahaakaaning
Vancouver, BC - Superior Diamonds Inc. (SUPTSX. V) is pleased to
announce the initiation of its winter diamond drill program on the
Tipahaakaaning (Canopener) gold project, northwestern Ontario. The
drill program will test targets believed to be the source of the
previously reported strong gold grain dispersal train 1 and builds on
the geological data derived from the previous drill program. Two drills
have been contracted to complete 30 to 40 holes totaling 6,000 to 8,000
metres. Drilling is expected to be complete early in the second
quarter.
Dr. Thomas Morris, President and CEO of Superior, states: "We are very
pleased to announce the commencement of this drill program, which will
build on previous drilling to help us understand the geology for a
relatively unexplored and poorly understood terrane hosting several
isolated gold showings as well as Superior's remarkable gold grain
dispersal train. The stratigraphic drill sections in this program will
also test several of the more prospective areas that are believed to be
one of the sources for the significant gold grain dispersal train we
discovered last summer."
Superior is also pleased to announce the completion of an extensive
staking program that added 85 claims or 18,976 hectares to the
Tipahaakaaning project. These new claims, and the claims staked last
fall, expand the size of the project from an original 48 claims
totaling 9,072 hectares to 153 claims covering 32,308 hectares. Most
significantly, this latest staking encompasses a claim hosting a second
anomalous overburden gold grain anomaly originally recognized during
Superior's 2005 overburden sampling program and is comparable in
magnitude to the samples that led to the discovery of the
Tipahaakaaning dispersal train. This gold grain anomaly is located
northwest of the original claim block, along an interpreted extension
of the geology hosting gold mineralization. This extends the favourable
horizon to a strike length of approximately 22 kilometres.
The Tipahaakaaning project is a 50/50 joint venture between Superior
and Lake Shore Gold Corp. Superior is the operator. The joint venture
was formed in 2006 when each company contributed a total of 48 claims
covering 9,072 hectares. Nine of these claims are subject to an
underlying 1.5% net smelter royal