Northern
Superior Ramps-Up Logistics for its 2011 Exploration Program
Sudbury, Ontario, February 15th,
2011.� Northern Superior Resources Inc.
(the “Company��)
is pleased to announce that the Company has begun the process of ramping-up
logistics for its 2011 exploration program. Following board approval and
consultation with the Company’s joint venture partner and stake holders,
Northern Superior will initiate or continue to explore on a number of its
properties this year.�
Chibougamau River Property (143 claims, 8,008 Ha), and adjacent Lamarck
Creek gold Property (151 claims, 8,456 Ha), west-central Quebec
Chibougamau River Property:
-
Adjacent to a Cu-Zn-Ag-Au deposit containing total
reported reserves of 615,000 t of 1.09% Cu, 2.51% Zn, 30.5 g/ t (0.98 oz/ t)
Ag, and 9.3 g/ t (0.3 oz/ t)Au;
- Cross-cut
by northeast-trending Lamarck Fault that hosts the former Lac Shortt gold mine
and current Bachelor Lake gold mine and mill southwest of the Property; �
-
Reported property mineralization includes: a) bedrock
grab sample of 2.4 g/t (0.08 oz/t) Au; b) RC- drilling bedrock chip samples of
3,600 ppm Zn, 240 ppm Cu and 2.1 ppm Ag; and c) adjacent to the property, anomalous lithogeochemical gold values (10 to
90 ppm) accompanied by Cu, Zn, and As from highly sheared, veined, carbonatized
rocks , rocks associated with the Lamarck Fault which extends onto the property
-� highlighting the potential for
epigenetic gold mineralization.
Lamarck Creek Gold Property:
-
Reported lithogeochemical analysis
from heavy mineral concentrates recovered from the lower portions (1.5 m over
bedrock) of the Chibougamau till returned gold values up to 1,000 ppm Au, and
39 ppm Ag. �
-
Reported 4.7 g/ t (0.15 oz/ t) Au from a quartz
float boulder.
The Company, in consultation with the Waswanipi First Nation, is
planning 60-hole reverse circulation drill programs on each of the properties
(120 holes total) this quarter.�
Additional exploration will be based on results from this drill program.
The geology associated with the Chibougamau River and
Lamarck Creek properties, indicate the following
“Abitibi Greenstone belt style�� exploration models:
· Stratiform/stratabound
deposits including cross-cutting quartz vein zones hosted within interflow
sedimentary-felsic volcanoclastic-tuffaceous-sedimentary environments near
volcanic contacts (Golden Pond).
· Stratiform/stratabound
volcanogenic massive sulphide deposits (VMS) in a generally felsic
volcanic-sedimentary environment (Estrades, Lemoine, Mattagmi).
· Structurally
controlled, shear-zone hosted lode gold deposits within iron-rich lithologies
such as iron formations, small dioritic intrusions, major differientiated
sills, and mafic flows/sills, located proximal to felsic intrusives in some
cases (i.e. Lac Shortt and Bachelor Lake Mines).
· Disseminated gold
deposits associated with carbonated, pyritic mafic volcanics (i.e.� Owl Creek, Dome Mine).
Wachigabau gold property (359 claims, 14,578 Ha), west central Quebec
· Historical sampling by the prior operator
reported lode gold mineralization associated with quartz veining, values in
drill hole intersections up to 5.39 g/t (0.17 oz/t) Au over 2.4m, 10.3 g/t
(0.33 oz/t) Au over 0.3m and 10.1 g/t (0.33 oz/t) Au over 1.0m;
· Reported quartz veins of up to 0.15 m (6
inches) returning grab sample assay values of 4,292.28 g/t� (138 oz/t ) Au� and 14,012.13 g/t (450.5 oz/t) Ag and channel
samples returning assay values of 109.48 g /t�
(3.52 oz/t ) Au over 0.91m (36inches) from historical stripping and
trenching from northeast part of property;
· Remobilization of Cu-Au along continuous
fracture systems, (with historical assays returning up to 2.62% Cu, 14 g/t
(0.45 oz/t) Ag and 3.14 g/t (0.1 oz/ t) Au over a 3.25m drill hole
intersection;
· Potential for volcanogenic Cu-Zn massive
sulphide mineralization.
Following exploration on the property during the spring of 2010, the
Company identified several promising gold drill targets. With final approval
from the Company’s joint venture partner, Matamec Explorations Inc., and in
consultation with Waswanipi First Nation, Northern Superior is planning to
complete a diamond drill program during the third and fourth quarters of 2011.
New Growth gold property (103 claims, 21,712 Ha), northwestern Ontario
(adjacent to TPK joint venture with Rainy River)
· Three gold exploration targets identified from
the distribution and concentration of a regional
overburden exploration program completed in 2008;
· These targets are associated with structures
that appear to extend northwest from those shear zone(s) identified on the TPK
(Ti-pa-haa-kaa-ning) gold property believed to host significant gold
mineralization.
The Company is planning, in consultation with Neskantaga First Nation, a
2011 exploration program involving overburden and bedrock sampling and
mapping.� Results from this program will
dictate future exploration.
Rapson Bay/Meston Lake gold properties (19 claims, 4,864 Ha)
northwestern Ontario.
· Several reported showings on the Rapson Bay
property including a dike with reported values of 12 g/t� Au over 4 meters;
· Strong, local history of gold and base metal
exploration (God’s Lake / Lingman Lake).
The Company will be planning in consultation with Sachigo Lake First
Nation an airborne geophysical survey, prospecting and an overburden and
bedrock mapping and sampling program. Results from this program will dictate
future exploration.
Dr. T.F. Morris, President and CEO of Northern
Superior Resources states: “The Company is very pleased with the success it
is now realizing from the joint venture on its TPK (Ti-pa-haa-kaa-ning) gold
property with Rainy River Resources Inc, and we expect to see this success
continue and develop over 2011.�� With
the TPK exploration program progressing successfully under the operatorship of
Rainy River, and with $18 million raised in our
recent financings, Northern Superior is now in a position to aggressively
develop its other gold exploration projects. Northern Superior looks forward to
reporting the progress on these strategic gold exploration programs through
2011.��
In addition to the projects highlighted above,
Northern Superior will advance exploration on its Lespinay/ Lac Surprise and
Hazeur gold properties upon receipt of results from the Company’s 2010 fall
overburden sampling and ground geophysical programs.��
About
Northern Superior
Northern Superior Resources Inc. is a junior
exploration company focused on exploring for gold and diamonds in the Superior
Province of the Canadian Shield. The Company currently has three active, high
quality gold exploration projects in Ontario and Quebec- TPK, Thorne Lake and
Wachigabau (see Company web site, www.superior.com). These projects, and eight more early stage gold
exploration projects (Rapson Bay, Meston Lake, New Growth, Lespinay, Lac
Surprise, Hazeur, Chibougamau River and Lemarck Creek), were all developed from
Public and the Company’s propriatary geoscientific data base. Additional gold
exploration projects are currently being developed from these data bases. In
addition to optioning out the TPK property, the Company is currently looking to
option-out its other 100% owned Rapson Bay, Meston Lake, New Growth, Lespinay,
Lac Surprise, Hazeur, Chibougamou River and Lemarck Creek gold projects.
Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario
and Quebec, and trades on the TSX Venture Exchange under the symbol SUP. For
further information contact:
Thomas F. Morris PGeo., PhD., FGAC
President and CEO
Tel: (705) 525 -0992
Fax: (705) 525 -7701
e-mail: info@nsuperior.ca
www.nsuperior.com
Forward looking statements: This news release includes certain
“forward-looking information�� within the meaning of Canadian securities legislation
and “forward-looking statements�� within the meaning of the United States Private
Securities Litigation Reform Act or 1995 (collectively, “forward looking
statements��). Forward looking statements include predictions, projections and
forecasts and are often, but not always, identified by the use of words such as
“seek��, “anticipate��, “believe��, “plan��, “estimate��, “ forecast��, “ expect��, “ potential��, “project��, “target��, “schedule��, “budget�� and “intend�� and statements that an event or result “may��, “will��, “should��, “could�� or “might�� occur or be achieved or other similar expressions and
includes the negatives thereof. All statements other than statements of
historical fact included in this release, including, without limitation,
statements regarding potential mineralization, exploration results,
interpretation of results, the timing and success of exploration activities
generally, the timing and results of future resource estimates, 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. Forward looking
statements are based on a number of material factors and assumptions. Important
factors that could cause actual results to differ materially from Northern
Superior’s expectations include exploration risks, changes in project
parameters as plans continue to be refined, results of future resources estimates,
future metal prices, availability of capital and financing on acceptable terms,
general economic, market or business conditions, uninsured risks, regulatory
changes, defects in title, availability of personnel, materials and equipment
on a timely basis, accidents or equipment breakdowns, delays in receiving
government approvals, unanticipated environmental impacts on operations and
costs to remedy same, and other exploration or other risks detailed herein and
from time to time in the filings made by the Company with securities
regulators. Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ from those
described in forward looking statements, there may be other factors that cause
such actions, events or results to differ materially from those anticipated.
There can be no assurance that forward looking statements will prove to be
accurate and accordingly readers are cautioned not to place undue reliance on
forward looking statements.
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.