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Northern Superior Resources Inc. (OTCQX: NSUPF, TSXV: SUP) is a Canadian gold exploration company strategically focused on advancing mineral-rich properties in the Chibougamau Gold Camp, Quebec, and Northern Ontario. With a consolidated land package exceeding 62,000 hectares, Northern Superior has positioned itself as a significant player in one of Canada’s most promising gold districts. The company’s portfolio includes flagship properties such as the Philibert Project, Lac Surprise, Chevrier, and Croteau in Quebec, alongside the district-scale TPK Project in Ontario.
Core Business and Exploration Strategy
Northern Superior specializes in identifying, acquiring, and developing high-potential gold properties. Its business model centers on exploration and resource definition, with a focus on enhancing the value of its assets. The company leverages advanced geological modeling, historical drill data, and modern exploration techniques to identify significant gold mineralization. By consolidating key properties in strategic locations, Northern Superior has developed a robust portfolio that attracts partnerships and investment opportunities.
Key Properties and Resource Highlights
- Philibert Project: Located 9 km from IAMGOLD’s Nelligan Project, Philibert hosts a maiden NI 43-101 pit-constrained resource estimate of 1.71 million ounces of inferred gold at 1.10 g/t and 278,900 ounces of indicated gold at 1.10 g/t. The project benefits from proximity to infrastructure and promising metallurgical recovery rates of up to 95.6%.
- Lac Surprise: This property is interpreted as the western extension of the Nelligan Deposit, offering high geological continuity and exploration upside.
- Chevrier: Featuring an inferred resource of 652,000 ounces and an indicated resource of 260,000 ounces of gold, Chevrier supports both open-pit and underground mining potential.
- Croteau: Hosts an inferred resource of 640,000 ounces of gold, with significant exploration upside.
- TPK Project: A district-scale asset in Ontario, known for extensive gold mineralization and promising historical drilling results.
Competitive Position and Market Significance
Operating in the rapidly emerging Chibougamau Gold Camp, Northern Superior is uniquely positioned as one of the few companies with a consolidated land package in the region. Its properties are strategically located near established projects, maximizing their development potential. The camp, now hosting over 12 million ounces across various categories, is increasingly recognized as one of the world’s most promising gold districts. Northern Superior’s leadership in consolidating assets and advancing exploration differentiates it from competitors, while partnerships with entities like SOQUEM and ONGold Resources Ltd. enhance its operational capabilities.
Commitment to Responsible Exploration
Northern Superior emphasizes responsible exploration practices, prioritizing environmental stewardship and community engagement. The company actively collaborates with local communities and Indigenous groups to ensure sustainable development and shared economic benefits.
Conclusion
With a strategic focus on high-potential gold assets, a robust resource base, and a commitment to operational excellence, Northern Superior Resources Inc. is positioned as a key player in Canada’s gold exploration industry. Its extensive land holdings, advanced exploration techniques, and partnerships underscore its potential to deliver significant value to stakeholders and contribute meaningfully to the development of the Chibougamau Gold Camp.
Northern Superior Resources (NSUPF) has announced the initiation of a 6,000m diamond drill program on its Croteau Est Property. This ambitious effort is aimed at exploring the Croteau North Shear Zone (CNSZ), which lies parallel to the Croteau-Bouchard Shear Zone (CBSZ), known to host a 640,000-ounce inferred gold resource. Previous drilling, particularly the CRO22-120 hole, yielded promising results, including 1.06g/t Au over 26m. The current program aims to validate the gold-bearing potential north of the CBSZ and includes further 2022 geological exploration.
Northern Superior Resources announced a new 3km long mineralized zone at its Lac Surprise property in Québec. This discovery is based on results from three recent drill holes and two historical holes, revealing significant gold grades, including 2.90 g/t Au over 3m. The company plans a 6,200m drill program in Q4 2022 to explore the Falcon Gold Zone and the new mineralized corridor, aiming for a potential maiden resource in 2023. President Dr. Morris emphasized the promising findings, indicating further drilling is warranted to uncover higher-grade areas.
Northern Superior Resources has filed a technical report titled NI 43-101 Technical Report Mineral Resource Estimation for the Chevrier Main Deposit, effective October 20, 2021, and completed on September 23, 2022. This report is available on SEDAR. Northern Superior focuses on gold exploration in Quebec's Chapais-Chibougamau Camp and trades on TSX-V under symbol SUP and OTCQB under NSUPF.
Northern Superior Resources announces a correction regarding the dial-in instructions for its 2022 Annual General Meeting set for September 23, 2022, at 4:15 PM ET. The previous notice, dated August 17, contained incorrect information. The correct dial-in numbers are 1 888-338-4913 or 647-412-4701, with the Conference ID of 5092764. Shareholders are advised to refer to the company’s website or SEDAR for further information. The release includes a cautionary note on forward-looking statements, indicating potential risks and uncertainties that may impact results.
Northern Superior Resources (OTCQB:NSUPF) has entered into a definitive agreement to acquire Royal Fox Gold (TSX-V: FOXG) in a transaction valued at approximately C$17 million. Royal Fox shareholders will receive 0.12 Northern Superior shares for each Royal Fox share, representing a 33% premium over recent trading prices. Additionally, a contingent value right (CVR) will allow further share issuance based on a mineral resource calculation of the Philibert project. This acquisition enhances Northern Superior's position in the Chapais-Chibougamau mining district, consolidating key assets and expertise.
Northern Superior Resources announced a significant new gold discovery at its Croteau Est property in Quebec, highlighted by drill results from winter programs.
The core drill hole CRO22_120 revealed a broad interval of 1.06 g/t Au over 26.3m, with higher grades of 1.928 g/t Au over 11.0m and 4.98 g/t Au over 3.0m. All eight drill holes intersected gold-bearing mineralization.
This discovery expands the existing 640,000 oz gold resource and identifies new targets, reinforcing the property's potential for further exploration and development.
Northern Superior Resources has successfully completed the acquisition of Genesis Metals Corp on July 13, 2022, enhancing its position as a leading gold exploration company. This strategic transaction consolidates two significant projects, Croteau Est and Chevrier, totaling approximately 1.295 million ounces of gold resources. The combined entity boasts a strong balance sheet with ~$12 million cash and the largest land position in the Chapais-Chibougamau Camp. Northern Superior plans aggressive exploration over the next year, aiming to leverage synergies from the acquisition.
Northern Superior Resources (OCTQB:NSUPF) has released assay data from its 2022 winter drill program at the 100% owned Lac Surprise property. The first seven of 13 core drill holes, totaling 5,418.3m, indicate successful expansion of the Falcon Gold Zone (FGZ), confirming gold mineralization at depths of up to 381.7m. Notably, Hole LCS22-058 recorded an impressive 5.19g/t Au over 3m. Additionally, potential higher-grade zones were identified, with encouraging findings at Target 1B. The FGZ remains open at depth, highlighting significant exploration potential.
Northern Superior Resources has announced a definitive arrangement to acquire Genesis Metals Corp. The acquisition, expected to close in July 2022, aims to create a leading gold exploration company with six projects in Québec and Ontario. This transaction will consolidate approximately 1.3 million ounces of gold in inferred resources and provide significant operational synergies. Genesis shareholders will receive 0.2304 shares of Northern Superior for each Genesis share, representing a 46.6% premium based on the share price on April 26, 2022.
Northern Superior Resources (OCTQB: NSUPF) announced significant results from its reverse circulation (RC) drill program on the Croteau Est property, which hosts an inferred resource of 640,000 ounces gold at 1.7 g/t Au. The expansion of the gold footprint area was confirmed with new gold targets identified, including gold assays of 0.21 g/t and 0.61 g/t. A 7-hole core drill program is set to test five targets, leveraging winter conditions for effective drilling. The company is also planning a summer bedrock mapping program to further explore gold potential.
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