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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

Comment by kevoyon Oct 29, 2009 1:41pm
289 Views
Post# 16435796

RE: RE: Where are!

RE: RE: Where are!$0Northern Superior channel samples 0.3 m of 43.2 g/t Au$0$0$0$02009-10-29 08:19 ET - News Release$0$0Dr. Thomas Morris reports$0$0NORTHERN SUPERIOR RESOURCES INC. INTERSECTS GOLD-BEARING SHEAR ZONES, THORNE LAKE GOLD PROPERTY, NORTHWESTERN ONTARIO$0$0Northern Superior Resources Inc. has discovered several gold-bearing shear zones on its Thorne Lake gold property, Northwestern Ontario. These gold-bearing shear zones were recognized during Northern Superior's 2009 second-phase exploration program which consisted of bedrock mapping, channel sampling and drilling (see figures on the company's website).$0$0Dr. T.F. Morris, president and chief executive officer, commented: "The company has made tremendous progress during the short summer field season in defining several gold-bearing shear zones. These gold-bearing shears will be the focus of our near-term exploration activities. There are additional undrilled gold exploration targets associated with anomalous gold grain-in-till values from the summer overburden sampling program (see press release, Oct. 27, 2009). These gold grain anomalies will be the focus of our future exploration programs. We are extremely encouraged by the discoveries made to date and by the gold potential of this property."$0$0Mapping, prospecting, bedrock grab sampling and channel sampling defined shear zones and confirmed that they were gold-bearing. Seven channel samples were completed across the four gold showings and samples from a number of the channels returned greater than one gram per tonne gold. From showing No. 2, a series of four widely separated channels across quartz veinlets hosted by a greater than 50-metre-long shear cutting mafic metavolcanic included samples that returned 43.20 grams per tonne gold over 0.3 metre (channel A), 1.2 grams per tonne gold over 0.42 metre (channel B) and 2.98 grams per tonne gold over 0.39 metre (channel D). From gold showing No. 4, channels across quartz veinlets hosted by a sheared gabbro sill include samples that returned 7.25 grams per tonne gold over 0.29 metre (channel A) and 1.92 grams per tonne gold over 0.32 metre (channel B). Also at gold showing No. 4, a channel across a siliceous dike containing disseminated sulphides, cutting the sheared gabbro, included a sample that returned 2.17 grams per tonne gold over 0.39 metre (channel C) and an adjacent sample of a biotitic shear within the gabbro returned 3.72 grams per tonne gold over 0.39 metre. Two hand dug test pits located two metres and six metres west of the outcrop, and dug through 0.5 metre and one metre of overburden, respectively, indicate continuity of the dike toward the west. Grab samples taken from these pits returned 26.4 grams per tonne gold and 14.2 grams per tonne gold, respectively.$0$0A first-phase drill program (six holes, 1,002 metres) was completed to test six targets. The program was successful in testing the targets associated with the four previously reported gold showings and two targets associated with combined anomalous gold-in-till and bedrock grab samples. Samples from five of the six holes returned values greater than one gram per tonne gold, including TL09-001, 2.98 grams per tonne gold over 1.15 metres, TL09-002, 1.54 grams per tonne gold over 0.48 metre, TL09-004, 3.31 grams per tonne gold over 1.40 metres, TL09-005, 1.42 grams per tonne gold over 0.88 metre, and TL09-006, 2.26 grams per tonne gold over 0.46 metre. Of note, drill holes TL09-001, -004, and -006 each intersected more than one zone of gold mineralization associated with moderate-to-strong shearing, biotite plus/minus carbonate and silica alteration and trace to 5 per cent disseminated pyrite and pyrrhotite mineralization. TL09-001 collared into a wide shear zone containing mineralized intervals of 2.75 grams per tonne gold over 0.30 metre and 2.98 grams per tonne Au over 1.15 metres within the first 14 metres of the drill hole, and part of a shear zone that is a minimum of 30 metres wide. This shear zone was not exposed in outcrop.$0$0Dr. Morris further states: "From the preliminary information gathered from the exploration program completed this summer we believe that the potential for significant gold mineralization on the Thorne Lake property is excellent. Further exploration will include gridding, ground geophysics, prospecting, bedrock and overburden mapping. We are confident that these activities will develop targets for an aggressive and focused drill program."$0$0Quality control program$0$0Donald Boucher, PGeo, vice-president, exploration, Northern Superior Resources, is responsible for overseeing all aspects of the Thorne Lake project. Thomas Hart, PGeo, chef geologist, Northern Superior Resources, has directly supervised the preparation of the scientific or technical information for this phase of the exploration property and has verified the data disclosed in this press release as qualified person.$0
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