Northern Superior Signs Pre-Development Agreement with the Grand Council of the Crees (Eeyou Istchee), Cree Regional Authority and the Ouje-Bougoumou Cree Nation
Published : June 11, 2013
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Gold | Market | Transparency |

SUDBURY, ONTARIO--(Marketwired - June 11, 2013) - Northern Superior Resources Inc. ("Northern Superior" or the "Company") (News - Market indicators) is pleased to announce that it has concluded a Pre-Development Agreement with the Grand Council of the Crees (Eeyou Istchee), the Cree Regional Authority, and the Oujé-Bougoumou Cree Nation. The agreement, sets out each party's respective roles and responsibilities with respect to the exploration and pre-development of the Company's Croteau Est and Wachonichi mineral exploration projects in Eeyou Istchee Territory. The agreement also reflects the parties' common desire to promote a cooperative and mutually respectful relationship.

Under the agreement, Northern Superior has undertaken to provide meaningful Cree participation in the awarding of contracts for the supply of goods and services. The Crees have in turn, agreed to support the projects and to cooperate with Northern Superior in the preparation of environmental and social impact assessment studies, should Northern Superior advance the projects to a stage where such studies are required. Similarly, should the projects be advanced sufficiently, the Crees are also committed to use their best efforts to ensure that the projects proceed through the environmental and social assessment process provided for in the James Bay and Northern Québec Agreement, and, once environmental and social concerns are met, to assist Northern Superior in obtaining required governmental approvals.

Should the mineral exploration projects be advanced to a point where Northern Superior is required to file a "Notice of Intent" with the Ministère du Développement durable, de l'Environnement et des Parcs, Northern Superior has undertaken to then conduct a business and employment capacity study to assess the business and employment capacity within Oujé-Bougoumou. In addition, Northern Superior will also then open a business development office in Oujé-Bougoumou and hire a community member as an environmental monitor, to enable the Parties to jointly monitor the activities of Northern Superior during the term of the agreement.

Finally, the parties have agreed that if Northern Superior determines that the projects are economically viable with the completion of a pre-feasibility study, that they will then enter into discussions towards concluding an Impacts and Benefits Agreement with respect to the Croteau Est and Waconichi mining projects of Northern Superior.

Dr. T.F. Morris, President and CEO of Northern Superior comments: "We are very pleased to receive the support of the Oujé-Bougoumou Cree Nation, the Cree Regional Authority and the Grand Council of the Crees (Eeyou Istchee) for Northern Superior's Croteau Est and Waconichi gold exploration properties. This support will assist greatly in advancing exploration on these properties, and ensure that all stakeholders involved with this venture have an opportunity to share in the potential economic and social benefits that may be derived from any significant discoveries made."

Dr. Matthew Coon Come, Grand Chief of the Grand Council of the Crees (Eeyou Istchee) commented: "This agreement marks the beginning of a collaborative and fruitful relationship between the Crees and Northern Superior, a relationship based on an alignment of interests, founded on environmental and economic sustainability and the respect of Cree rights. The Crees and Northern Superior will continue to cooperate, as partners, in the economic and social development of Eeyou Istchee."

Mr. Reggie Neeposh, Chief of the Oujé-Bougoumou Cree Nation, stated: "We are very pleased to be signing this agreement today as it reflects the kind of mutually beneficial working relationship which is required to promote harmony and good will throughout our region. In particular, we are happy to see this kind of relationship develop which acknowledges our rights and our role in the territory. We look forward to continued good relations with Northern Superior as these projects progress in a spirit of openness, transparency and cooperation."

About Northern Superior Resources Inc.

Northern Superior is a junior exploration company exploring for gold in the Superior Province of the Canadian Shield. The Company is currently focused on exploring its Croteau Est/ Waconichi gold properties in Québec. The Company has a number of 100% owned properties (see Company web site, www.nsuperior.com) in the Stull-Wunnumin and Chibougamau gold districts. These include the highly prospective TPK property in north-central Ontario.

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 Investors

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.

Northern Superior Resources Inc.
Thomas F. Morris PGeo., PhD., ICD.D, FGAC
President and CEO
(705) 525-0992
(705) 525-7701 (FAX)
info@nsuperior.com
www.nsuperior.com

Northern Superior Resources Inc.

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 CA$ 191.1 millions as of today (US$ 139.5 millions, € 130.3 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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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
Project news of Northern Superior Resources Inc.
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 Northern Superior Resources Inc.
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)
0.600+3.45%0.440+1.15%
TSX-V
CA$ 0.600
04/24 16:57 0.020
3.45%
Prev close Open
0.580 0.570
Low High
0.570 0.600
Year l/h YTD var.
0.370 -  0.680 27.66%
52 week l/h 52 week var.
0.280 -  0.680 46.34%
Volume 1 month var.
93,172 27.66%
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
202453.85%
2023-8.24%0.540.37
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$ 7.75+0.52%Trend Power :
Oceana Gold(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
CA$ 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$ 10.92-1.71%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 0.55+0.00%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.38-3.64%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
CA$ 15.32+0.46%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24-2.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%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 ...
CA$ 1.77-1.12%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.09-0.91%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 :