Hermes is a greenfields development project, located approximately 65 kilometres southwest of the Company’s Plutonic Gold Mine, 800 kilometres north east of Perth, in Western Australia. The Company commenced development of this 100% owned project in July 2017.
The first stage of development is the construction of the haul road which will connect the Hermes orebodies to the mill at the Plutonic Mine, where the ore will be processed. The Hermes deposit will be mined as a conventional open pit operation. The contribution of the ore from Hermes is anticipated to allow Superior Gold to reach its targeted annual production of 100,000 ounces of gold.
The Company expects that construction of the haul road will take up to three months to complete. It will be accompanied by camp mobilization and followed by initial pre-stripping activities prior to the commencement of mining. Pre-stripping will continue during the first quarter of 2018.
Additionally, the Company plans to commence drilling and exploration around Hermes to expand the overall mineral reserve and mineral resouce and extend the mine live.