Trading Symbol: TSX-V-Exchange "CAD"
Shares Outstanding: 47,121,918
CALGARY, Feb. 20 /CNW/ - Superior Canadian Resources Inc. (The Company) is pleased to report assay results from the first six (6) diamond drill holes (SC-08-16 to SC-08-21 for a total of 940 metres) completed on the O'Sullivan Lake Gold Project in 2008.
To assist in defining the geometry of the gold mineralization found in earlier gold intercepts, we focused on the area between holes SC-07-04 to SC-07-14, an area 250 meters wide.
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Hole No. From To Interval Assay Gold Comments
Metres Metres Metres Grams/ton0
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SC-08-16 Lost in overburden
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SC-08-16a Lost in overburden
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Sc-08-17 No significant
assays ~ 40 metres
below SC-07-14
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SC-08-18 DID NOT REACH TARGET
Lost at 41 metres in
a fault zone
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SC-08-19 180.7 182.6 1.9 4.394 25 metres east of
SC -07-14
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including 180.7 181.7 1.0 6.025
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181.7 182.6 0.9 2.582
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191.80 196.4 4.6 0.701
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including 193.83 194.3 0.47 2.422
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SC-08-20 181.50 182.0 0.50 0.822 25 metres east of
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197.8 199.0 1.20 0.351 SC-08-19
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SC-08-21 154.1 155.0 0.90 0.645 ~25 metres above
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SC-08-19
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The 2008 diamond drill holes have added to the understanding of the plunge or rake of the mineralization east of the previously mined Consolidated Louanna Gold zones. Management is encouraged with the results to date. Further diamond drilling is planned as the mineralization is still open to the east and west and to depth.
All samples from the property were delivered to Accurassay Laboratories, Thunder Bay Ontario. Accurassay is an ISO 17025 certified laboratory for assay using standard fire assay with atomic absorption finish. Rejects and pulps of the samples are stored at the laboratory in Thunder Bay.
As part of its due diligence, and to determine if the current 30 gram fire assay method is correctly reporting the gold content of the samples, management has selected 25 core samples, from the 2007-2008 diamond drill program that will be re-assayed after total cyanide extraction. This method of analysis will be carried out on the reject portion of the original samples.
The diamond drilling program, (in addition to the preparation of this press release), are under the direct supervision and responsibility of Des Cullen P. Geo and Garry J. Clark P. Geo. Both are Qualified Persons as defined by National Instrument 43-101.
About Superior Canadian Resources Inc.
Based in Calgary Alberta, The Company has two mineral exploration projects, (nickel, platinum, palladium, copper & gold), in Northwestern Ontario.
For further information, contact Superior Canadian Resources:
1-416-550-9857 or by email at js@superiorcanadian.ca
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00014630E