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Bullboard - Stock Discussion Forum 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... see more

TSXV:SUP - Post Discussion

Northern Superior Resources Inc > NORTHERN SUPERIOR INITIATES EXTENSIVE IP AND MAGNETOMETER GE
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Post by kevoy on Mar 14, 2022 3:41pm

NORTHERN SUPERIOR INITIATES EXTENSIVE IP AND MAGNETOMETER GE

 

N. Superior begins geophysical surveys at Lac Surprise

 

2022-03-14 10:08 ET - News Release

 

Dr. Thomas Morris reports

NORTHERN SUPERIOR INITIATES EXTENSIVE IP AND MAGNETOMETER GEOPHYSICAL SURVEYS OVER AMBER AREA, LAC SURPRISE PROPERTY

Northern Superior Resources Inc. has initiated an extensive induced polarization (IP) and magnetometer geophysical survey program (58 line kilometres) over its prospective Amber area of the company's large (20 by 15 kilometres) 100-per-cent-owned Lac Surprise property.

Two thousand twenty-two spring Amber exploration program

The 2022 geophysical surveys are designed to test the southeastward extension of the three gold-bearing shear zones previously identified. This program is the foundation for a prospecting, bedrock mapping and sampling program being planned for the summer of 2022. The company will design a fall core drill program to test any prospective mineral targets that may be defined from the geophysics, prospecting, bedrock mapping and sampling programs.

Amber showing highlights

Discovery of three gold-bearing shear zones interpreted to be potentially economic gold carriers due to their low resistivity, low magnetic signature, size potential and high conductivity (IP) usually characteristic of shear-hosted gold deposits found elsewhere in the Chapais-Chibougamau gold camp (see Northern Superior press releases dated June 16, 2017; Oct. 29, 2014; Dec. 11, 2014; May 3, 2016; March 9, 2017). Gold associated with the southern shear zone is associated with strongly sheared silicified carbonatized gabbro, diorite quartz feldspar porphyry. Highlights for each shear zone include:

 

  • South trend (310 degrees), consisting of the Amber gold showing; 
    • Bedrock grab sample, 28.6 grams per tonne Au;
    • Channel sample, 10 g/t Au over one metre, including 26.1 g/t Au over 0.5 m;
    • Trenching defines 290 m strike, 20 m wide, open along strike, both directions;
    • Core drill intersection of 2.26 g/t Au over 4.85 m, including 11.5 g/t Au over 0.82 m;
  • Central trend, consisting of the Till-39 gold showing, aligned parallel to (310 degrees), and 325 m north of the South trend; 
    • Till sample yielding 17 pristine gold grains;
    • Channel sample, 2.89 g/t Au over one m;
  • North trend, consisting of the Till-68 gold showing, aligned parallel to (310 degrees), and 550 m north of the South trend; 
    • Till sample yielding 68 pristine gold grains;
    • Channel sample, 2.44 g/t Au over 0.85 m.

 

Dr. T.F. Morris, president and chief executive officer, states: "We are extremely pleased to once again have additional boots on the ground in this highly prospective southwest area of the property. With our recent success achieved at the Falcon zone coupled with the IP survey flown last year over the Confluence zone in the centre of our property package, we are focused on systematically advancing several other significant drill-ready targets on our large Lac Surprise property. These results from these geophysical surveys, coupled with results generated from our current core drill program focused on the newly discovered Falcon gold zone, will advance our understanding of the gold potential over this large property."

About the Lac Surprise property: Falcon gold zone (FGZ)

The company recently announced that it had initiated a 15-hole (6,650 m) core drill program designed to further evaluate the newly discovered FGZ (see Northern Superior press release dated Feb. 8, 2022). The FGZ is a major near-surface discovery made by Northern Superior over the past 20 months. This gold zone can be traced west over 900 m from the eastern boundary of the property, on strike with Vanstar/Iamgold's 3.2 million ounces at 1.02 g/t Au Nelligan gold deposit (see Northern Superior press release dated Aug. 17, 2021). The robust lateral continuity of the FGZ is highlighted by a 100-per-cent drill hole strike rate (29 of 29 holes; see Northern Superior press release dated March 10, 2022). Notable holes from the FGZ include: LCS21-029 (1.36 g/t Au over 40 m; 273 to 313 m); LCS19-005ext (1.54 g/t Au over 44.9 m; 293.50 to 338.40 m); LCS21-43 (1.10 g/t Au over 43 m; 95.00-138 m); and LCS21-032 (1.99 g/t Au over 42.6 m; 107.40 to 150 m) (see Northern Superior press release dated Aug. 17, 2021).

To date, the FGZ has demonstrated robust lateral (900 m), vertical (342 m; see Northern Superior press release dated March 10, 2022) continuity and the potential for higher-grade intervals with depth (see Northern Superior press release dated Feb. 8, 2022).

As such the objectives of this drill program are to: a) continue to expand FGZ strike extension to the west; b) vertically extend the currently defined FGZ; c) test for higher-grade mineralization at depth; and d) determine if a parallel gold-bearing structure exists south of the FGZ.

Qualified person

Adrian Lupascu (PGeo) is a qualified person within the meaning of National Instrument 43-101. Mr. Lupascu has reviewed and approved information disclosed in this press release related to the Lac Surprise program.

Note to readers: Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the company's property.

About Northern Superior Resources Inc.

The Lac Surprise gold property is one of three key mineral properties 100 per cent owned by Northern Superior. The company's two other properties (TPK and Croteau Est) also represent regional-scale exploration opportunities.

We seek Safe Harbor.

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