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Northern Superior Resources Inc V.SUP

Alternate Symbol(s):  NSUPF

Northern Superior Resources Inc. is a Canada-based gold exploration company focused on the Chibougamau Camp in Quebec, Canada. The Company has consolidated the land package in the region, with total land holdings exceeding 62,000 hectares (ha). The main properties include Philibert, Lac Surprise, Chevrier and Croteau. It also owns 72% of ONGold Resources Ltd., which is advancing exploration assets in Northern Ontario, including the district scale TPK Project. The Philibert Project is located 9 kilometers (km) from IAMGOLD Corporation’s Nelligan Gold project. It holds a majority stake of 75% in the Philibert Project, with the remaining 25% owned by Mines Royales and Soquem Inc., and retains an option to acquire the full 100% ownership of the project. Chevrier hosts an inferred mineral resource of 652,000 ounces Au and an indicated mineral resource of 260,000 ounces Au. Croteau hosts an inferred mineral resource of 640,000 ounces Au. Lac Surprise hosts the Falcon Zone Discovery.


TSXV:SUP - Post by User

Post by kevoyon Sep 15, 2009 12:40pm
247 Views
Post# 16307209

Dr. T.F. Morris reports

Dr. T.F. Morris reports$0Dr. T.F. Morris reports$0$0NORTHERN SUPERIOR INITIATES AIRBORNE MAGNETIC GRADIOMETER SURVEY, TI-PA-HAA-KAA-NING PRJOECT, NORTHWESTERN ONTARIO$0$0Northern Superior Resources Inc. has initiated a low-level airborne magnetic gradiometer survey over the Ti-pa-haa-kaa-ning gold property, Northwestern Ontario. This high resolution survey is focused over the head of the six-kilometre-wide by 15-kilometre-long gold grain-in-till dispersal apron defined within the Big Dam area of the property (see news in Stockwatch Jan. 26, 2009). This area represents a source with a six km long potential fertile strike length. Diamond drill holes completed in the fall of 2008 intersected a number of gold-bearing zones hosted in a sheared magnetite-bearing intermediate to felsic intrusive rock. The purpose of this airborne survey is to define the location and orientation of gold-bearing ductile shear zones thought to host gold mineralization responsible for the gold-bearing till apron. This is a necessary step in selecting drill targets for 2010 as the area is essentially covered in overburden.$0$0Dr. T.F. Morris, president and chief executive officer, commented: "This survey is a very important step in identifying the gold mineralization source responsible for the unique and anomalously large gold grain-in-till dispersal apron. From previous exploration completed by the company on the property, we understand that the gold mineralization is associated with gold-bearing ductile shear zones, intersected during the company's 2008 fall drill program. The intent of the airborne magnetic survey is to identify the location of these shear zones with the purpose of defining drill targets. Drilling is planned to occur during the first two quarters of 2010 to take advantage of the local winter road to reduce drilling costs."$0$0The gold-bearing ductile shear zones encountered during the 2008 fall drill program are associated with the northwestern edge of the gold-grain-in-till apron where a gold showing was discovered during the 2008 summer field exploration program (see news in Stockwatch Jan. 6, 2009). The showing consisted of several separate quartz-veins hosted by granodiorite that returned 3.34 grams per tonne Au and 8.9 g/t Au, both over 0.34 metre.$0$0Very positive indicators that a large-scale gold mineralizing event has occurred in the Big Dam project area are taken from the presence of the gold showing, the identification of the multiple sheared intervals hosting anomalous gold and the presence of the anomalously large gold grain-in-till dispersal apron, all closely associated with the major Stull-Wunnumin fault.$0$0The Ti-pa-haa-kaa-ning property is a large land position in Northwestern Ontario covering a total of 42,719 hectares and is being operated in a 50/50 joint venture with Lake Shore Gold Corp. Northern Superior acts as project operator. During the fourth quarter of 2007, Northern Superior announced the discovery of a highly prospective gold grain-in-till dispersal apron, which averaged 10.02 gold grains per kilogram of overburden, with an estimated fertile strike length of at least six km. Staking of additional claims in June, 2008, led to the subdivision of this extensive property into three smaller parts to better reflect the different geological models being applied to gold exploration: a) the western New Growth area; b) the central Big Dam area; and c) the eastern Ti-pa-haa-kaa-ning area.$0$0Quality control$0$0The company's qualified person (QP) for the property is Thomas Hart, PGeo, as QP, who has prepared or supervised the preparation of the scientific or technical information for the property and has verified the data disclosed in this press release.$0$0We seek Safe Harbor.$0
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