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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 Aug 20, 2014 10:38am
153 Views
Post# 22859848

LAC SURPRISE

LAC SURPRISE

2014-08-20 08:40 ET - News Release

 

Dr. T.F. Morris reports

EXPLORATION PROGRAM INITIATED ON NORTHERN SUPERIOR'S LAC SURPRISE GOLD PROPERTY, QUEBEC

Northern Superior Resources Inc. has initiated the 2014 summer/fall exploration program on its 100-per-cent-owned Lac Surprise gold property, west-central Quebec. The exploration program is being financed by Northern Superior's option partner, Bold ventures Inc., as part of its option earn-in work commitment (see news release dated June 5, 2014). This exploration program will consist of a prospecting, sampling and mapping program. Data derived from this program will further refine target areas previously defined and identified on the property by Northern Superior and Bold. Targets will then be prioritized for diamond drill testing later this year. The technical team participating in this program will include both Northern Superior and Bold personnel.

In addition to the exploration program, an additional 46 claims or approximately 2,566 hectares were applied for on July 22, 2014, and one additional claim was applied for on Aug. 2, 2014. Upon acceptance of these claims, the Lac Surprise property will consist of 380 claims or approximately 21,200 hectares.

Dr. T.F. Morris, president and chief executive officer, stated: "Northern Superior is pleased to announce the continuation of exploration on this highly prospective property. The value of this property has only been enhanced by recent exploration and discovery by others with properties attached to Lac Surprise. The company looks forward to sharing the results of this summer/fall exploration program with its shareholders as those results become available."

The qualified person for Northern Superior responsible for reviewing the scientific and technical information for this program is Scott Parsons (PGeo), who has verified the data disclosed in this news release.

 
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