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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 TequilaRose44on Jun 10, 2019 12:30pm
86 Views
Post# 29812077

NORTHERN SUPERIOR INITIATES DRONE-SUPPORTED MAGNETIC SURVEY

NORTHERN SUPERIOR INITIATES DRONE-SUPPORTED MAGNETIC SURVEYNORTHERN SUPERIOR INITIATES DRONE-SUPPORTED MAGNETIC SURVEY, LAC SURPRISE PROPERTY, QUBEC Sudbury, Ontario, June 10, 2019, Northern Superior Resources Inc. (“Northern Superior” or the “Company”) (TSXV: SUP; OCTQB: NSUPF), is pleased to announce that it has initiated a drone supported, airborne magnetic survey over its 100% owned Lac Surprise property, Qubec. This survey will consist of two panels covering the northern and southern parts of the property (see Figure 1). Resulting airborne magnetic data will assist in defining core drill targets over much of the property, however, the focus will be on the northern part of the property where: 1) Gold grain and gold geochemical-in-till dispersal trains are defined (see Northern Superior Resources press release, January 27, 2014); 2) Gold showings discovered, with grab samples collected from the Black Phoenix gold showing assaying as high as 19.9 g/t gold (see Northern Superior Resources press release, February 6, 2019); and 3) IAMGOLD Corporation (“IAMGOLD”) reporting excellent gold assay results (2019 Q1 and Q2 core drill program) from its neighboring Nelligan property (see IAMGOLD press release, May 30, 2019), tied to the northeast side of the Lac Surprise property. Dr. T.F. Morris, President and CEO of Northern Superior states: “The gold grain and gold geochemical-intill dispersal trains, the Black Phoenix and Fox gold showings (all located within the northeastern side of the Lac Superior property), occur directly west of the IAMGOLD Nelligan gold deposit. In fact, the gold trains and showings discovered on Lac Surprise are all associated with lithologies from which the gold assays being reported from Nelligan are deposited. Those lithologies extend west onto the northwest, then across the northern part of the Lac Surprise property (see Northern Superior Resources press release, February 6, 2019). Data derived from this year’s geophysical program will be coupled with the Company’s existing geoscientific data base. We believe that high priority core drill targets will be generated from both the north and south parts of the property. However, the Company will focus on those targets generated within the northern part of the property with the intent of drilling those targets later in the second half of 2019. The purpose of this program and the core drill program is to demonstrate the westward extension of the gold-bearing system defined at Nelligan, onto and across the northwestern and northern parts of the Lac Surprise property.” Lac Surprise Property The Lac Surprise property is 100% owned by Northern Superior. This property is strategically situated within a very active part of the Chapais-Chibougamau exploration camp. This point is emphasized by IAMGOLD’s disclosed core drilling results from their Nelligan gold JV project (Figure 2; see IAMGOLD press release, May 30, 2019). The Nelligan property adjoins the northeastern side of Northern Superior’s Lac NORTHERN SUPERIOR RESOURCES INC. 1351C Kelly Lake Road, Unit 7 Sudbury, Ontario, Canada P3E 5P5 Tel: (705) 525-0992 Fax: (705) 525-7701 Northern Superior Resources Inc. Press Release – June 10, 2019 2 Surprise property. Several showings and gold-bearing structures have already been defined on the property (Figure 3; see Northern Superior press release, February 6, 2019).
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