SUP drill results bordering VSR Northern Superior Reports 5.96 g/t gold over 10.0 metres, 2.94 g/t gold over 14.0 metres, and 1.63 g/t gold over 20.6 metres from the Arctic Fox Zone of the Philibert Project
From PG: petergrandich.com More excellent holes from the Philibert projec,t which SUP acquired when SUP bought FOXG last year.
There are 23 holes remaining pending assays at Philibert. SUP should then move to finalize the updated resource at Philibert.
As a reminder, the FOXG shareholders receive a bonus payment from SUP if the new resource is between 1.2mm oz and 2mm oz.
Hopefully, you can see that FOXG management had big expectations for their Philibert resource at the time of sale.
Philibert is to the East of Nelligan, while the Lac Surprise property is directly to the West. So, along with Croteau Est 640k oz and Chevrier 1mm oz within 25 and 50km of Nelligan, the company is very well situated in the camp and should be a key player in any development scenario down the line.