Welcome to our dedicated page for NORTHERN SUPERIOR RES news (Ticker: NSUPF), a resource for investors and traders seeking the latest updates and insights on NORTHERN SUPERIOR RES stock.
Northern Superior Resources Inc. (NSUPF) is a gold exploration company focused on the Chibougamau Camp in Québec, Canada. The Company holds a significant land package exceeding 62,000 hectares, with key properties including Philibert, Lac Surprise, Chevrier, and Croteau. Philibert, located near IAMGOLD's Nelligan Gold project, boasts a new inferred resource of 1,708,800 ounces Au and an indicated resource of 278,900 ounces Au. With promising exploration results and a strategic focus on the Philibert Project, Northern Superior aims to further enhance its mineral reserves and unlock the full potential of its assets.
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.
Northern Superior Resources reports significant findings from the first three drill holes of its 2022 drill program at the Lac Surprise property. The Falcon Gold Zone (FGZ) has been intersected at a vertical depth of 343m, extending the previous depth of 250m. The company emphasizes the 100% drill strike rate with 29 successful holes. The FGZ remains open at depth, indicating strong potential for higher-grade mineralization. With $12 million in cash, Northern Superior is fully funded for ongoing exploration.
FAQ
What is the current stock price of NORTHERN SUPERIOR RES (NSUPF)?
What is the market cap of NORTHERN SUPERIOR RES (NSUPF)?
What is Northern Superior Resources Inc. focused on?
What are the key properties owned by Northern Superior?
Where is the Philibert Project located?
What are the inferred and indicated resources at the Philibert Project?
What is the strategic focus of Northern Superior?
