Superior Lake Resources (ASX:SUP) recently acquired the Superior Lake zinc project in Canada. It was the country's highest-grade zinc operation (3.5 Mt at 14% Zn, 1% Cu) for a decade before closing in 1998 as a result of ongoing low zinc prices. Any exploration work since has been limited, due to the continued low zinc price and the project's fragmented ownership.
Superior Lake Resources Ltd
Superior Lake Resources Ltd (ASX:SUP) engages in the exploration and development of mineral prospects in Australia and Canada. It primarily explores copper, zinc, gold, and other base metals. The company holds interests in the Pick Lake Zinc project covering 47.5 square kilometers of area located in northwest Ontario; and the Winston Lake Project covering 4.5 square kilometers of area located in northwest Ontario. It also holds interests in the Leonora Project located in the Eastern Goldfields Province of the Archaean-aged Yilgarn Craton of Western Australia; and the Mt Morley Project covering 50 square kilometers of area located in Western Australia. The company was founded in 2009 and is based in Perth, Australia. Superior Lake Resources Limited is a subsidiary of Add New Energy Investment Holdings Group Limited.
Australian Market Report of November 11, 2010: Southern Hemisphere (ASX:SUH) Announce Positive Copper And Gold Results in Chile
Australian Market Report of November 11, 2010 includes: Southern Hemisphere Mining Limited (ASX:SUH) reported positive sampling results from its copper and copper-gold projects in Chile; Ishine International Resources Limited (ASX:ISH) has commenced 1,300 metre Reverse Circulation drilling at the Mt Watson Copper Project in Queensland; NT Resources Limited (ASX:NTR) received high grade gold results from the Acacia Project in Northern Territory; Platina Resources Limited (ASX:PGM) announced Australia's best ever scandium intersection at Owendale Project in NSW.