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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 Oct 23, 2019 9:10am
102 Views
Post# 30258108

NORTHERN SUPERIOR COMPLETES LAC SURPRISE DRILL PROGRAM, TEST

NORTHERN SUPERIOR COMPLETES LAC SURPRISE DRILL PROGRAM, TESTSudbury, Ontario (October 23, 2019) Northern Superior Resources (“Northern Superior” or the “Company”) is pleased to announce the completion of a 12 hole, 4,400 metre (m) core drill program on its 100% owned Lac Surprise property in west-central Qubec. A key purpose of this program is to confirm the western extension of the Renard Gold Trend from the neighboring Nelligan Property onto the northeastern part of the Lac Surprise Property. Yesterday, both IAMGOLD and Vanstar Mining Resources Inc. (“Vanstar”), IAMGOLD’s partner on the project, announced an initial 43-101 compliant mineral resource estimate of 3.2 million inferred ounces of gold for the Nelligan Gold Project, (see IAMGOLD/Vanstar press releases, October 22, 2019). Dr. T.F. Morris, President and CEO states: “We are greatly encouraged by this recent announcement by IAMGOLD/Vanstar and the definition of 3.2 million inferred ounces of gold on their neighboring Nelligan Property. We look forward to reporting the results of our drill program once forthcoming assay results are received.” About the Lac Surprise Property The Nelligan Gold Property is tied onto the northeast side of the Lac Surprise property. Vanstar describes the gold deposit on the Nelligan property as part of a “vast auriferous system offering a potential of multimillion gold ounces” (Vanstar PowerPoint presentation, May 2019). Northern Superior believes, based on the following, that this gold system likely extends west onto the Lac Surprise property: 1) Lithologies associated with the Nelligan gold deposit extending west onto the Lac Surprise property; 2) Gold grain and gold geochemical-in-till dispersal trains defined, emanating from this lithological package on the Lac Surprise property; 3) Gold showings discovered within this same lithological package, with grab samples collected from the Black Phoenix gold showing assaying as high as 19.9 g/t gold; 4) Four west to east anomalous geophysical trends identified within this lithological package, defined from an induced polarization and magnetic survey completed in 2016; and 5) Establishing that at least one of these anomalous geophysical trends is gold bearing, confirming that a hydrothermal gold bearing system(s) occurs within this part of the property: defined by a five core drill hole (1185m) program completed in 2016. Northern Superior Resources Press Release- October 23, 2019 
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