VanEck Vectors Global Alternative Energy ETF

Published : February 04th, 2011

Rainy River and Northern Superior Announce Final Phase 1 Results and Commencement of Winter Diamond

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Fluorite |

 

Northern Superior Resources rainy river and northern superior announce final phase 1 results and commencement of winter diamond

 

 

 

 

 

TORONTO, ON December 14, 2010 ¨C Rainy River Resources Ltd. ("Rainy River"; RR.TSX-V) and Northern Superior Resources Inc. ("Northern Superior"; SUP.TSX-V) (together, the "Companies"), are pleased to announce the discovery of significant gold bearing mineralization intersected during the Companies initial diamond drilling program on Target 3 of their TPK Joint Venture project, 190 km northeast of Pickle Lake in Northern Ontario.  The diamond drilling is being conducted with the cooperation of Neskantaga First Nation ("Neskantaga"), which recently passed a community resolution supporting the agreement between Rainy River and Northern Superior, and affirming their support for the TPK project.

 

HIGHLIGHTS

         Coarse-grained visible gold was noted in drill hole TPK-10-004

         TPK-10-004 returns 25.9 g/t Au over 13.5 metres from 149.3 ¨C 162.8 metres 

o   incl.  46.0 g/t Au over 0.5 metres from 153.0 ¨C 153.5 metres

o   incl.  139.4 g/t Au over 1.7 metres from 156.8 ¨C 158.5 metres

o   incl.  749.0 g/t Au over 0.3 metres from 157.2 ¨C 157.5 metres

o   and 127.0 g/t Au over 0.7 metres from 162.0 ¨C 162.7 metres

           The high-grade shear zone intersected in TPK-10-004 is open both along strike and down dip

           TPK-10-005 intersects 3.8 g/t gold over 1.2 metres from 49.6 metres - 50.8 metres

 

2010 Diamond Drilling Program ¨C Target 3

To date, ten holes totaling 1,945.0 metres have been drilled on Target 3, with one hole abandoned due to bad ground conditions.  Final assays have been received for seven of the nine completed holes, and assays for the two remaining holes on Target 3 will be available in the new year.  All reported holes have intersected variably mineralized shears in quartz monzonite, containing disseminated pyrite, arsenopyrite and / or coarse grained visible gold.  Shear thicknesses are variable, ranging from 0.1 metres ¨C 13.5 metres. Shear orientations and true thicknesses are not readily apparent, and will be determined by follow up drilling, however the high-grade shear zone intersected in TPK-10-004 is open both along strike and down dip.

 

Target 3 encompasses a 400 metre-long by 200 metre-wide segment of a 5 km long shear zone that splays west-northwest from the Stull-Wunnummin Fault, a major, gold-fertile structure that extends into Manitoba.  Reverse circulation (RC) drilling has shown that the glacial till section immediately south of and glacially down-ice from the shear corridor  consistently averages 100 to 1000 gold grains per 10 kg sample whereas till sampled 200 metres to the north (up-ice) contains negligible gold.  The gold grains are accompanied by abundant arsenopyrite, ranging  up to millions of grains per sample, which may contain significant additional gold.  The 1.5 metre bedrock intercepts immediately beneath the till, in two of the four holes drilled on the southern edge of the shear corridor, are mylonitized and returned gold assays of 0.3 to 0.4 g/t.  Sheared, arsenopyrite-bearing boulders measuring up to 2 metres in diameter and grading up to 94.2 g/t gold are scattered along the central axis of the shear corridor. Significant gold diamond-drill intercepts to date (TPK-10-004) are associated dominantly with disseminated pyrite-bearing mineralization.  Arsenopyrite-rich mineralization, similar to that observed in most of the high-grade surface boulders, has not yet been encountered in drill core.

 

2010 Diamond Drilling Program ¨C Target 2

The diamond drill has already moved to Target 2 to obtain a preliminary test of this partially lake-covered target prior to winter drilling from the ice. It is anticipated that two diamond drill holes will be completed prior to demobilization for the Christmas break on the 18th of December.

 

Target 2 is the largest of four diamond drill targets identified by RC drilling. It is defined by a distinct gold grain in-till anomaly that outlines a dispersion train of at least 3 kilometers trending in a NE-SW direction.  The till anomaly is also associated with anomalous arsenic and zinc, and overlies a broad shear fractured leucogranite of the "contact stock".  The leucogranite contains both spessartine garnet and fluorite alteration.  Prospecting during the autumn produced 41 mineralized boulders, of which 33 boulders (or 80%) were found to be anomalous in gold.  Five of the boulders yielded assays between 5-10 g/t gold, while one boulder yielded an assay of 42 g/t gold.

 

Geophysical program initiated

In an effort to aid targeting for the 2011 winter diamond drill program, Abitibi Geophysics of Val -D'Or, Quebec, has been mobilized to TPK to carry out an 80 line-kilometre Induced Polarization (IP) / Resistivity Geophysical Survey.  This survey will cover diamond drill Targets 1¨C 4, with a 100-metre line spacing.

 

Line cutting crews have also been mobilized to site, to expand the current grid in order to facilitate the ground geophysical survey.  Neskantaga crews are assisting in grid re-establishment.  IP and line-cutting will break for Christmas, and resume in the first week of January, 2011.

 

2011 Winter Diamond Drill Program

Diamond drilling crews are scheduled to re-mobilize to site on January 17th, 2011.  Diamond drilling will continue to test targets previously identified by RC drilling and boulder prospecting (as announced in a joint news release on September 15, 2010).   The projected drilling will also continue to test Target 3 for extensions to the newly discovered gold zone, as well as new targets that are being developed by RC drilling and the IP geophysical surveys.

 

Commentary

"We are very excited about the high grade discovery at TPK," commented Raymond Threlkeld, President & CEO of Rainy River.  "The discovery hole is open along strike and at depth, and is just part of what we view as a very large gold mineralized system.  We will be aggressively exploring the extensions of the discovery and the larger target areas with our partners, Northern Superior Resources and Neskantaga First Nation, and are proud that they are involved in this exciting project."

Dr. Thomas Morris, President and CEO of Northern Superior stated: "Obviously, Northern Superior Resources is extremely pleased to see results that just begin to validate our belief in the presence of significant gold mineralization on the TPK property, bearing in mind of course that the mineralization being reported here, at a depth of 149 metres, does not explain the exceptional and extensive surface distribution of the gold grain-in-till dispersal apron and mineralized boulders previously reported." Northern Superior is thrilled at the potential that these results indicate and are so looking forward to the future exploration on this property with Rainy River and Neskantaga First Nation."


Qualified persons

Rainy River is the operator of the TPK Joint Venture and the current exploration program is being supervised by Kerry Sparkes, P.Geo. Vice-President Exploration, a Qualified Person as defined by National Instrument 43-101.  Mr. Sparkes is the person responsible for the content of this news release. Rainy River has implemented a rigorous QA/QC program to ensure best practices in sampling and analysis of drill core.  All drill core is marked for sampling and then split in half with a diamond saw blade.  Samples are placed in sealed bags with security tags.  All samples were assayed using a standard fire assay, 30 gram nominal sample weight with an AA finish.  Over-limit samples were re-assayed with a gravimetric finish.  Samples with visible gold were automatically analyzed for Ore Grade by 1000g screen fire assay, with coarse and fine fractions being combined proportionately and the fine fraction being assayed twice.  Standards, blanks and duplicates are inserted every 25 metres.  ALS Canada Ltd. performed primary assaying, with duplicates being analyzed at Activation Laboratories Ltd.  ALS Canada Ltd. and Activation Laboratories Ltd. implements independent QA/QC protocols that include the insertion of certified blanks and standards as part of their routine analysis.

 

About Rainy River

Rainy River is a Canadian precious metals exploration company, whose key asset is the Rainy River Gold Project. With approximately $69 million in its treasury, Rainy River is well funded to conduct advanced exploration in preparation for Scoping and feasibility studies.  Rainy River's property is extremely well located in the southwestern corner of Northern Ontario, near the U.S. border. The Rainy River district has a skilled labour force and is one of the lowest-cost areas for mineral exploration and development.  Ontario has low political risk relative to other mining jurisdictions and according to the annual Fraser Institute global survey of the mining industry, Ontario has consistently ranked as one of the top jurisdictions to embrace mineral development.

 

About Northern Superior Resources Inc.

Northern Superior Resources Inc. is a junior exploration company focused on exploring for gold and diamonds in the Superior Province of the Canadian Shield. Northern Superior 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 seven more early stage gold exploration projects are based on the same type of geoscientic data as TPK [New Growth (Northwest part of the TPK Property), Rapson Bay, Meston Lake, Lespinay, Lac Surprise, Hazeur, Chibougamou River and Lemark].  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:

 

Rainy River Resources Ltd.                                      Northern Superior Resources Inc. 

Raymond Threlkeld                                                 Thomas F. Morris

President and CEO                                                   President and CEO

Tel:  (647) 476-5407                                                  Tel: (705) 525 ©\0992                                 

Fax : (416) 642-9312                                                 Fax: (705) 525 ©\7701

e©\mail: lcaridi@rainyriverresources.com              e-mail: info@nsuperior.ca www.rainyriverresources.com                                              www.nsuperior.com

 

Table 1:  Summary of Results

 

Hole - ID

Section

Vertical Depth (m)

From (m)

To (m)

Core Length (m)

Au

g/t

Au

 oz/t

TPK-10-001

 

 

 

 

 

TRACE

TRACE

TPK-10-002

 

 

 

 

 

ABANDONED

TPK-10-002A

 

 

 

 

TRACE

TRACE

TPK-10-003

5813409

55

68.0

68.4

0.4

1.76

0.05

 

5813416

65

80.7

81.1

0.4

0.91

0.03

TPK-10-004

5813389

59

61.3

64.0

2.7

0.91

0.03

5813396

77

81.9

82.4

0.5

0.93

0.03

5813397

79

83.9

84.5

0.6

0.79

0.02

5813401

89

94.3

94.6

0.3

0.85

0.02

5813406

103

109.2

109.5

0.3

0.80

0.02

5813407

107

113.4

114.4

1.0

1.15

0.03

5813422

146

149.3

162.8

13.5

25.87

0.75

INCL

5813421

143

152.0

154.0

2.0

12.29

0.36

INCL

5813421

144

153.0

153.5

0.5

46.00

1.34

AND

5813423

148

156.8

158.5

1.7

139.37

4.07

INCL

5813423

147

157.2

157.5

0.3

749.00

21.85

AND

5813425

152

162.0

162.7

0.7

127.00

3.70

5813449

219

233.8

234.3

0.5

2.05

0.06

 

5813451

222

237.0

237.5

0.5

5.47

0.16

TPK-10-005

5813548

35

45.0

45.3

0.3

4.08

0.12

5813544

39

49.6

50.8

1.2

3.82

0.11

5813481

119

153.6

154.0

0.4

0.68

0.02

 

5813472

130

168.1

168.4

0.3

2.27

0.07

TPK-10-006

5813467

8

10.6

11.1

0.5

1.05

0.03

 

5813483

27

35.6

35.9

0.3

2.00

0.06

TPK-10-007

5813508

11

13.8

14.1

0.3

1.53

0.04

 

 

VanEck Vectors Global Alternative Energy ETF

EXPLORATION STAGE
CODE : SUP.V
ISIN : CA6658041000
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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 25.6 millions as of today (US$ 18.8 millions, € 16.9 millions).

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

Northern Superior Resources has 47 442 200 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of VanEck Vectors Global Alternative Energy ETF
2008 Annual report
Nominations of VanEck Vectors Global Alternative Energy ETF
7/2/2013John Pollesel Joins Northern Superior’s Board of Directors
11/12/2012Fred Lecoq Joins Northern Superior's Board of Directors
Project news of VanEck Vectors Global Alternative Energy ETF
1/21/2016Northern Superior expands its understanding and definition o...
2/28/2014Bold Ventures Signs Letter of Intent with Northern Superior ...
2/26/2014Reports New Gold-Bearing Shear Zones And Showings, Grizzly G...
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
4/14/2011(Ti-pa-haa-kaa-ning (tpk))Rainy River and Northern Superior Announce Initial Assays an...
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
Corporate news of VanEck Vectors Global Alternative Energy ETF
8/2/2016Arthur Murdy Joins Northern Superior’s Board of Directors - ...
7/11/2016Bold Ventures and Northern Superior Announce Amber Drilling ...
6/23/2016Northern Superior Appeals Judgment Regarding its Action Agai...
5/25/2016Northern Superior Receives Litigation Judgement - 05/25/2016
5/3/2016Bold Ventures Mobilizes Drill to Amber Zone Gold Showing at ...
1/21/2016Northern Superior Expands its Understanding and Definition o...
1/14/2016Croteau-Est Gold Property Inferred Mineral Resource Estimate...
12/22/2015Northern Superior Resources Inc. Informed of Chalice Gold Mi...
12/22/2015Chalice’s Termination Announcement & NSR’s Response - 12/22/...
12/22/2015Chalice Gold Mines - Croteau Est Joint Venture Update
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
9/8/2015Northern Superior Initiates Final Preparations for Trial Aga...
7/22/2015Northern Superior Initiates Next Generation Exploration Prog...
7/22/2015Northern Superior Initiates Next Generation Exploration Prog...
7/20/2015Chalice Gold Mines - June 2015 Quarterly Report and Cashflow...
4/23/2015Northern Superior Provides an Update on Its Litigation Again...
4/21/2015Chalice expands North American presence with farm-in deal on...
4/21/2015Northern Superior Resources Inc. and Chalice Gold Mines Limi...
3/13/2015s Board Committees and Management Responsibilities
3/13/2015Northern Superior Resources Inc. Updates Board Committees an...
2/17/2015Bold Ventures Continues to Advance Lac Surprise Gold Potenti...
1/29/2014responds to Government of Ontario’s Statement of Defence
1/27/2014Lac Surprise Gold Property: An Excellent Opportunity In The ...
11/18/2013elaborates on legal action against the Government of Ontario...
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...
6/11/2013Signs Pre-Development Agreement with the Grand Council of th...
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...
6/11/2012DRILLING EXPANDS CROTEAU EST GOLD DISCOVERY WITH GRADES UP T...
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SUP.V)Other OTC (NSUPF)
0.540-1.82%0.410+0.00%
TSX-V
CA$ 0.540
09/18 16:59 -0.010
-1.82%
Prev close Open
0.550 0.540
Low High
0.530 0.550
Year l/h YTD var.
0.370 -  0.690 14.89%
52 week l/h 52 week var.
0.280 -  0.690 38.46%
Volume 1 month var.
65,948 -%
24hGold TrendPower© : 9
Produces
Develops
Explores for Copper - Diamonds - Gold - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 2/10/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202412.50%0.750.36
202312.94%0.540.28
2022-44.81%0.930.35
2021-49.34%1.550.54
20202071.43%1.550.13
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.08+0.50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.