Northern Superior Resources Inc.

Published : June 22nd, 2009

Initiates Wachigabau Exploration Program

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Keywords :   Commodities | Gold | Gold Mine | Lead | Silver | Silver Mine | Zinc |

Northern Superior Resources Inc.



Northern Superior Resources Inc. Initiates Wachigabau Exploration Program

 

 

Sudbury, Ontario (June 16th, 2009): Northern Superior Resources Inc. (“Northern Superior” or the “Company”) is pleased to announce the initiation of its 2009 Wachigabau property summer exploration program. This program consists of bedrock mapping, sampling and prospecting with the intent of defining drill targets for the fourth quarter.

 

Dr. T.F. Morris, president and CEO commented: “After the completion of a NI 43-101 report by Gestion Aline Leclerc on this project, a well defined exploration program has been recommended. From the assessment of public and internal data sets, the mineral potential of this property is very clear with several well defined gold targets having been identified in addition to the potential to make new discoveries. We are looking forward to identifying specific drill targets with this summer’s exploration program.”

 

Additional claims were acquired adjacent to the property’s north and northeast boundary. These claims are an important extension of the property over the Lake Opiwica- Gwillim Fault system. Several southern claims believed by management to have no mineral potential were dropped. The property now consists of 335 claims covering an area of 12,878 hectares.

 

This property is strategically located between the Lac Shortt gold mine to the northeast and the Coniagas zinc, lead and silver mine and Bachelor Lake gold mine and mill complex to the southwest.  All these mines are associated with the Lake Opiwica- Gwillim Fault system.  Mineralization known to occur on the Wachigabau property includes:  1) lode gold associated with quartz veining with values in drill hole intersections up to 5.39g/t Au over 2.4m, 10.3 g/t Au over 0.3 m and 10.12 g/t Au over 1.0m; 2) Cu-Au remobilized along continuous fracture systems up to 2.62%Cu, 14g/t Ag and 3.14g/t Au over a 3.25m drill hole intersection; and 3) the potential for volcanogenic Cu-Zn massive sulphide mineralization. In addition, re-sampling and geochemical analysis of drill core from previous drill programs completed on the Property by Northern returned anomalous gold values of up to 550 ppb from a monzonitic dyke and 444 ppb Pt, 412 ppb Pd and 186 ppb Au from a gabbroic dyke.

 

The Wachigabau project is an option and joint venture agreement with Matamec Explorations Inc. (“Matamec”).  Northern Superior has already started earning-in on its 50% of all mineral rights on the property. The Company has already paid $25,000 cash and issued 100,000 shares and 100,000 share purchase warrants to Matamec under the agreement.  In addition, Northern Superior has already spent $75,000 of the $500,000 it is committed to spend on the property over three years. Once Northern Superior has met the requirements to earn its 50% interest, the Company and Matamec will form a 50- 50 joint venture for all commodities on the property. IAMGOLD retains certain back-in rights on some of the claims. Northern Superior is the operator of the project.

 

Donald Boucher (P.Geo.) is Northern Superior Resources Qualified Person for this project. As QP, he has prepared or supervised the preparation of the scientific or technical information for the Wachigabau property and has verified the data disclosed in this press release.

 

 

About Northern Superior

 

Northern Superior Resources Inc. is a junior exploration company whose focus is exploring for gold on the Superior Province of the Canadian Shield. The Company is a reporting issuer in British Columbia, Alberta, Ontario and Quebec, and trades on the TSX Venture Exchange under the symbol SUP. Dr. Tom Morris, President and CEO is the Qualified Person for the Company under NI 43-101, responsible for the technical content of this Press Release

 

For further information contact:

Thomas F. Morris

President and CEO

Tel: (416) 703-4830

Fax: (416) 703-5391

e-mail: info@nsuperior.ca

www.nsuperior.com

 

This news release includes certain “forward-looking statements”. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, exploration results and future plans and objectives of Northern Superior are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Northern Superior’s expectations are exploration risks detailed herein and from time to time in the filings made by Northern Superior with securities regulators.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Northern Superior Resources Inc.

EXPLORATION STAGE
CODE : SUP.V
ISIN : CA6658041000
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Northern Superior Resources is a gold exploration company based in Canada.

Northern Superior Resources holds various exploration projects in Canada.

Its main exploration properties are BACHELOR LAKE, WACHIGABAU, THORNE LAKE, NORTH THELON URANIUM JV, VILLE MARIE DIAMOND, TI-PA-HAA-KAA-NING (TPK) and LESPERANCE in Canada.

Northern Superior Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 203.8 millions as of today (US$ 163.0 millions, € 142.8 millions).

Its stock quote reached its highest recent level on September 19, 1997 at CA$ 9.60, and its lowest recent point on February 12, 2016 at CA$ 0.01.

Northern Superior Resources has 318 489 984 shares outstanding.

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Annual reports of Northern Superior Resources Inc.
2008 Annual report
Nominations of Northern Superior Resources Inc.
7/2/2013John Pollesel Joins Northern Superior’s Board of Directors
11/12/2012Fred Lecoq Joins Northern Superior's Board of Directors
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11/12/2013Exploration Update Croteau Est West-Central Quebec
5/27/2013Agrees to Acquire Waconichi Gold Property, Chibougamau Gold ...
11/8/2012Intersects 25.8 g/t Gold Over 1.85m and Expands Croteau Est ...
9/12/2012Intersects High Grade Gold Zones and Expands Croteau Est Gol...
3/1/2012Reports Results from Gold-bearing Shear Zones, (Including 12...
1/11/2012Intersects Mineralized Porphyry System, (0.83 g/t Gold; 3.07...
10/12/2011N. Superior reports high grade gold, Croteau Prop.
9/21/2011N.Superior reports gold, Croteau Est Gold Property
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2/4/2011(Ti-pa-haa-kaa-ning (tpk))and Northern Superior Announce Final Phase 1 Results and Com...
9/29/2010(Ti-pa-haa-kaa-ning (tpk))signs formal Option Agreement with Rainy River Resources
11/12/2009(Wachigabau)Additional Historical Gold Assay Results
10/29/2009(Thorne Lake)Intersects Gold-Bearing Shear Zones
9/16/2009(Ti-pa-haa-kaa-ning (tpk))Initiates Magnetic Gradiometer Survey
8/25/2009(Thorne Lake)Four Gold Showings Discovered on Thorne Lake Property, North...
7/8/2009(Thorne Lake)Explores for Source of Gold Grain-In-Till Dispersal Trains, ...
6/22/2009(Wachigabau)Initiates Wachigabau Exploration Program
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8/2/2016Arthur Murdy Joins Northern Superior’s Board of Directors - ...
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5/25/2016Northern Superior Receives Litigation Judgement - 05/25/2016
5/3/2016Bold Ventures Mobilizes Drill to Amber Zone Gold Showing at ...
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1/14/2016Croteau-Est Gold Property Inferred Mineral Resource Estimate...
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12/22/2015Chalice’s Termination Announcement & NSR’s Response - 12/22/...
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11/2/2015Grizzly Termination - 11/02/2015
11/2/2015Northern Superior Resources Announces Grizzly Property Optio...
10/7/2015Grizzly Gold Property Exploration Update - 10/07/2015
10/7/2015Northern Superior Reports Additional New Showing, Grizzly Pr...
10/5/2015Bold Ventures Completes Summer 2015 Gold Exploration Program...
10/5/2015Northern Superior's Plan to Keep Stakeholders Informed About...
9/29/2015Northern Superior Initiates Final Preparations for Trial Aga...
9/8/2015Litigation Update - 09/08/2015
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7/22/2015Northern Superior Initiates Next Generation Exploration Prog...
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4/23/2015Northern Superior Provides an Update on Its Litigation Again...
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3/13/2015s Board Committees and Management Responsibilities
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10/25/2013commences legal action against the Government of Ontario
9/23/2013Recognized for Its Commitment to Progressive Aboriginal Rela...
7/16/2013Signs Option to Acquire 100% Interest in the Grizzly Gold Pr...
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2/12/2013Initiates 2013 Drill Programs, Croteau Est/ Waconichi Gold P...
1/16/2013Continues to Intersect High Grade Gold Zones, Further Expand...
1/16/2013Continues to Intersect High Grade Gold Zones, Further Expand...
1/9/2013Ti-paa-haa-ka-ning, New Growth, New Growth Annex; A Renewed ...
12/10/2012Stock Options Issued
10/3/2012New Corporate Office
6/25/2012Drilling Discovers Gold Mineralization, New Growth Annex wit...
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6/7/2012signs Option Agreement to acquire a 70% interest in Murgor R...
1/23/2012Intersects 32.6g/t Gold over 1.0 m, Rapson Bay Gold Property...
1/18/2012Rainy River Resources And Northern Superior Resources Announ...
1/11/2012Subject
12/19/2011Intersects Gold-Bearing Rock, Croteau Est Gold Property, Chi...
10/25/2011N. Superior Recovers Gold-Bearing Boulder
9/7/2011at The World Money Show, Toronto
5/9/2011at New York Hard Asset Conf.
2/20/2011N.Superior Ramps-Up Logistics for 2011 Expl. Prog.
2/20/2011Makes the “2011 TSX Venture 50”
2/4/2011Rainy River and Northern Superior Announce Final Phase 1 Res...
2/1/2011Increases Interest in Northern Superior Resources Inc.
1/31/2011Lake Shore Gold Increases Interest in Northern Superior Reso...
4/23/2010At Chicago Resource Expo.
4/6/2010Northwestern Ontario Prospectors Assoc. Meeting
3/5/2010Attends PDAC
1/15/2010Presenting at the Cambridge House Show, Vancouver
10/27/2009Defines Additional Gold Exploration Targets
6/19/2009adoption of Shareholders Rights Plan.
5/28/2009Signs Option Agreement with INV
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