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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 appointed Catharine Farrow and Alan King to advisory roles, enhancing the company's exploration strategies. Dr. Farrow, with over 30 years of experience in geology and management, previously served notable organizations and is currently an independent director for multiple mining corporations. Mr. King, with 40 years in geophysics and mineral exploration, will provide insights into various exploration projects. The company has also granted 1,990,000 incentive stock options for strategic growth.
Northern Superior Resources Inc. (OTCQB:NSUPF) has successfully closed a non-brokered private placement, raising C$6.65 million, up from the initial C$3 million offering. This financing includes participation from the Cree First Nation of Waswanipi and board members, alongside existing shareholders and seven new institutional investors. Proceeds will position the company for an aggressive exploration strategy in 2022, maintaining a cash balance exceeding C$12 million by year-end. New Gold Inc. retains a 9.9% ownership stake.
Northern Superior Resources has expanded its non-brokered private placement to C$6,650,930. This includes C$3,321,417 from flow-through common shares, C$1,963,583 from charity flow-through shares, and C$1,365,929 from hard dollar investments. Participation includes four new directors and the Cree Nation of Waswanipi. New Gold Inc. has also increased its funding commitment to maintain a 9.9% stake. The company anticipates a cash balance of over C$12 million post-offering, supporting aggressive exploration in 2022 across key properties.
Northern Superior Resources (OTCQB: NSUPF) has announced an increase in its non-brokered private placement, securing C$6.5 million in investments. The offering includes C$3.32 million through the issuance of flow-through common shares and C$1.96 million in charity flow-through shares, alongside C$1.21 million in hard dollar investments. Proceeds will fund Canadian Exploration Expenses on gold projects in Québec. The company anticipates having over C$12 million post-financing for aggressive exploration in 2022, with closing expected by November 30, 2021.
Northern Superior Resources (OTCQB:NSUPF) has increased its non-brokered private placement to $5.0 million. This includes C$3,299,321 from the issuance of 3,665,912 flow-through shares at $0.90 each and C$1,700,679.72 from 1,441,254 charity flow-through shares at $1.18 each. New Gold Inc. will maintain its 9.99% ownership stake. The offering is expected to close by November 18, 2021, pending regulatory approvals.
Northern Superior Resources (OTCQB:NSUPF) has announced a non-brokered private placement totaling C$3,000,000. This offering will involve the sale of flow-through common shares priced at $0.90 for Quebec FT Shares and $1.18 for Quebec Charity FT Shares. Proceeds will finance Canadian Exploration Expenses on gold projects in Quebec, particularly Lac Surprise and Croteau Est. The closing is expected by December 14, 2021 and is subject to regulatory approvals.
Northern Superior Resources has appointed Rodney Barber as Vice President Exploration, enhancing its exploration capabilities with over 35 years of experience. Joining him are Donald Boucher and Michel LeBlanc, bringing a combined 110 years in geological expertise. The team aims to advance exploration programs in Ontario and Quebec, focusing on projects like Ti-pa-haa-kaa-ning and Lac Surprise. The company's efforts are supported by Orix Geoscience for modeling services.
Northern Superior Resources (TSXV: SUP, OTCQB: NSUPF) has launched a 2,530m reverse circulation drilling program on its Croteau Est gold property in Quebec, aimed at extending its NI 43-101 compliant gold deposit of 640,000 ounces at 1.7 g/t. The program focuses on three key areas: analyzing lithogeochemistry, assessing economic targets beyond the CBSZ, and exploring geological extensions. The drilling program spans around 220 holes, targeting areas with anomalous gold signatures. CEO Dr. T.F. Morris expressed optimism about the program's potential to identify additional resources.
Northern Superior Resources announced promising results from 13 core drill holes at its Lac Surprise property, achieving a 100% intersection rate with the Falcon Gold Zone. Notably, the best intersection recorded was 1.10g/t Au and 1.93g/t Ag over 43.0m. The Falcon Gold Zone is confirmed over a 900m strike length, with strong vertical continuity. Future drilling will aim to extend the system further, particularly towards the Black Phoenix gold showing, which previously yielded samples of 19.9g/t Au. These findings enhance the company’s position in the gold market.
Northern Superior Resources (TSXV:SUP)(OCTQB:NSUPF) has announced plans for a 2,530m reverse circulation drill program to explore the northern and eastern extension of its CBSZ gold deposit, which currently includes an inferred resource of 640,000 ounces at 1.7 g/t gold. The drilling will cover a rectangular area of 600m by 1km, testing geological structures and mineralization potential beyond the currently defined resource. The RC program aims to enhance understanding of the distribution of lithological units and assess their economic viability.
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