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One Mile Drilling Starts

One Mile Mining Lease Drilling Starts Mining Lease No 6750 Superior Resources Limited (ASX Code SPQ) is pleased to announce that it has, today, commenced a drilling program on its 100% owned One Mile mining lease about 210km westnorthwest of Townsville and near Greenvale in northeast Queensland (Figure 1). The mining lease covers two outcropping gossan horizons (Photograph 1) which are known to be after massive sulphides (pyrite with minor chalcopyrite) from previous drilling. The mining lease has potential for coppergold deposits of the volcanogenic massive sulphide (VMS) style and the lenses of massive pyrite, indicated by the gossans, are considered to be encouraging factors for the presence of deposits of this style. The drilling program will target the outcropping gossans and a prominent magnetic anomaly (Figure 2) as well as additional targets identified by the exploration program completed to date. The magnetic anomaly has an interpreted magnetic source below about 100m depth (Figure 3). Ken Harvey Managing Director Contact Mr Ken Harvey Ph (07) 3839 5099 Further Information www.superiorresources.com.au.