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Superior Gold announces third quarter 2017 production results

Published 05 October 2017

Superior Gold has announced production results for the third quarter of 2017 from the Company's 100%-owned Plutonic Gold Mine, located 800 kilometres north east of Perth, in Western Australia.

QUARTER HIGHLIGHTS

Gold Produced was 21,621 ounces

Gold Sold was 20,836 ounces

Second highest quarterly production at the Plutonic Gold Mine since taking ownership

Released underground drill results of up to 11.7g Au/t over 11.45 metres and 35.3g Au/t over 3.75 metres

Commenced development of the Hermes open pit project

Chris Bradbrook, President and CEO of Superior Gold stated: "We are pleased to announce another strong quarter of production, our second strongest since taking ownership of the Plutonic Gold Mine. We have now operated the mine for four consecutive quarters and produced a total of 82,940 ounces of gold and sold a total of 82,342 ounces of gold.

"The Company is currently on track to meet its annual production guidance of approximately 75-80,000 ounces of gold for 2017. Development at our Hermes project continues and we anticipate production commencing by 2018. The contribution of the ore from Hermes is expected to allow us to reach our objective of increasing annual production to 100,000 ounces of gold."

The Company will be releasing throughput, grade and recovery information for the third quarter of 2017 shortly and will release complete financial and operating results for the third quarter and first nine months of 2017 before market open on November 15, 2017.



Source: Company Press Release