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Northern Superior Resources Inc.

Publié le 05 juillet 2017

Northern Superior to Redefine Inferred Resource, Focus on High Grade Shoots, Croteau Est Property, Québec

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Mots clés associés :   9/11 | Exploration | Mines |

Northern Superior to Redefine Inferred Resource, Focus on High Grade Shoots, Croteau Est Property, Québec

SUDBURY, Ontario, July 05, 2017 (GLOBE NEWSWIRE) -- Northern Superior Resources Inc. (“Northern Superior” or the “Company”) (SUP.V), reports that it will focus on redefining the inferred resource on its 100% owned Croteau Est property, in Québec. The decision is based on results from the Phase I drill program completed on the property during Q1 of 2017 (see press release, May 9, 2017). Northern Superior has allocated a budget of $1.2 million to facilitate Phase II of the program, for approximately 8,000m of core drilling.

Redefining the current inferred gold resource originally reported on January 14, 2016, will require a detailed evaluation of structural controls to determine and re-affirm specific emplacement mechanisms and characteristics of the defined high grade, gold-bearing shoots (orientation, dip and width) known to occur within the Croteau Bouchard Shear Zone (“CBSZ”) (see press release, November 3, 2014). This effort will include:

1) internal re-evaluation of all related geoscience data including the determination of gold grade times thickness intercepts (associated values ranging between 14.3 to 362.1, (refer to Table 1) from 19 core drill holes completed within the central part of the CBSZ; 50m collar spacing over 600m);
2) determination of structural orientation of quartz veins and intrusive dykes that host high grade gold intercepts through an optical televiewer survey;
3) determination of structural controls and emplacement mechanisms of high- grade gold- bearing shoots determined from a detailed, independent evaluation of all related geoscientific data; and
4) re-evaluation of the structural data will also incorporate structural data from the trench mapping and channel sample assay data derived from several trenches across the CBSZ mineralization (Trenches: 01, 03, 04, 05; Table 2). This data was excluded from the inferred resource determination, (see press release, January 14, 2016), however, Northern feels that it has great relevance in modelling the geometry of ore shoots that extend from surface (Croteau Trench-05; see press release, November 3, 2014) to depths in excess of 535m vertical depth (drill hole CRO12-54; Table 2).

Table 1: Gold Grade Times Thickness Data, CBSZ

       MINERALIZATION INCLUDED FOR THE INFERRED RESOURCE          

Drillhole


Sample Interval   Assay Value  
Length
(m)

grade x
thickness

From
(m)
To (m)

(g/t Au)

CRO11-01 41.1 45.5 3.7 4.4 16.2
CRO11-05

170.2 176.0 12.7 5.9 74.5
181.8 190.5 12.8 8.8 111.7
CRO11-06

15.6 18.0 9.6 2.5 23.6
28.0 34.0 4.6 6.0 27.5
CRO11-08 25.0 35.0 2.1 10.0 21.1
CRO12-10 90.8 110.3 8.2 19.6 159.5
CRO12-11 96.0 108.3 1.6 12.3 19.7
CRO12-21 59.2 59.7 32.4 0.5 16.2
CRO12-22 88.0 105.0 0.8 17.0 14.3
CRO12-29 171.2 181.4 3.4 10.2 34.2
CRO12-31 315.5 334.0 2.0 18.5 37.6
CRO12-34


160.3 168.5 3.4 8.2 28.1
181.0 188.1 2.0 7.1 14.3
221.7 233.2 5.8 11.5 66.0
236.0 250.2 3.3 14.2 46.6
CRO12-35 353.0 353.4 49.4 0.4 19.8
CRO12-38

206.0 215.4 2.6 9.4 24.1
220.0 243.0 0.8 23.0 19.1
CRO12-41


153.4 155.2 25.8 1.9 47.7
170.4 199.5 1.2 29.2 34.7
207.5 220.0 2.3 12.6 28.4
240.0 259.0 0.7 19.0 13.5
CRO12-42 276.5 278.2 8.7 1.8 15.2
CRO12-43 200.7 221.4 0.9 20.7 17.8
CRO12-46 241.2 246.0 75.4 4.8 362.1
CRO12-49 270.4 273.0 9.5 2.6 24.8
CRO12-64 251.0 252.0 18.85 1.0 18.9
n= 19 drillholes       count 28.0
        min 14.3
        max 362.1

Table 2: Assay Data Not Included in the Inferred Resource

         MINERALIZATION NOT INCLUDED IN THE INFERRED RESOURCE          
Drillhole


Sample Interval     Assay Value Length
(m)

grade x
thickness

From
(m)

To (m)

(g/t Au)

CRO12-36 528.95 549.75 1.32 20.8 27.5
including 540.25 549.75 2.43 9.5 23.1
CRO12-54

537.2 540.9 2.4 3.7 8.9
678.6 686.0 3.2 7.4 24.0
730.6 733.5 6.2 2.9 17.9
CRO15-69 69.85 70.85 17.5 1.0 17.5
CRO17-86 147.73 155.7 1.60 7.97 12.8


Trench
Assay Value Length
(m)
grade x
thickness
(g/t Au)
   Trench 1       3.23 12.3 39.7
    2.11 11.0 23.2
Trench 3     2.49 5.5 13.7
    14.37 7.5 107.8
Trench 4     0.412 5.75 2.4
Trench 5



  6.26 3.9 24.4
1.59 4.85 7.7
8.49 5.7 48.4
2.33 3.5 8.2
4.87 2.9 14.1

Dr. T.F. Morris, President and CEO of Northern Superior states: “There is far more opportunity to realize additional ounces of gold associated with the CBSZ by focussing on the high grade gold shoots than by considering the deposit as a whole, which presented a relatively low grade, open pit model. Focusing on the high grade, gold-bearing shoots presents an opportunity to consider an underground mining operation,  which is more in keeping with most gold mining operations associated with Abitibi-related gold mines such as the Sage Gold Inc., Clavos Deposit, the Integra Gold Corp, Lamaque Gold deposit and the Osisko Mining, Windfall Lake Deposit. This re-evaluation would not exclude some consideration for limited open pit development where appropriate. Once the additional structural information is compiled, this data will be used to target and determine the down-strike and plunge continuity of high grade mineralized shoots. An 8,000m core drill program will then be applied in the latter part of 2017. We look forward to reporting our findings prior to commencement of the core drill program.”

About Northern Superior Resources Inc.
Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP. The Company is currently focused on exploring its 100% owned Croteau Est (Québec) and Ti-pahaa-kaa-ning (Northwestern Ontario) properties. Northern Superior is currently looking to option out its other 100% owned mineral properties in Québec and Northwestern Ontario.

Qualified Person
The Company’s Qualified Person (“QP”) for the Croteau Est property is Ron Avery (P.Geo.). As the QP for the Croteau Est project, Mr. Avery has approved information disclosed in this press release.

Cautionary Note Regarding Forward-Looking Statements

This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such 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.

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Northern Superior Resources Inc.

EXPLORATEUR
CODE : SUP.V
ISIN : CA6658041000
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Northern Superior Resources est une société d’exploration minière d'or basée au Canada.

Northern Superior Resources détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont BACHELOR LAKE, WACHIGABAU, THORNE LAKE, NORTH THELON URANIUM JV, VILLE MARIE DIAMOND, TI-PA-HAA-KAA-NING (TPK) et LESPERANCE au Canada.

Northern Superior Resources est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 207,0 millions CA$ (151,6 millions US$, 141,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 19 septembre 1997 à 9,60 CA$, et son plus bas niveau récent le 12 février 2016 à 0,01 CA$.

Northern Superior Resources possède 318 489 984 actions en circulation.

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Rapports annuels de Northern Superior Resources Inc.
2008 Annual report
Nominations de Northern Superior Resources Inc.
02/07/2013John Pollesel Joins Northern Superior’s Board of Directors
12/11/2012Fred Lecoq Joins Northern Superior's Board of Directors
Projets de Northern Superior Resources Inc.
21/01/2016Northern Superior expands its understanding and definition o...
28/02/2014Bold Ventures Signs Letter of Intent with Northern Superior ...
26/02/2014Reports New Gold-Bearing Shear Zones And Showings, Grizzly G...
12/11/2013Exploration Update Croteau Est West-Central Quebec
27/05/2013Agrees to Acquire Waconichi Gold Property, Chibougamau Gold ...
08/11/2012Intersects 25.8 g/t Gold Over 1.85m and Expands Croteau Est ...
12/09/2012Intersects High Grade Gold Zones and Expands Croteau Est Gol...
01/03/2012Reports Results from Gold-bearing Shear Zones, (Including 12...
11/01/2012Intersects Mineralized Porphyry System, (0.83 g/t Gold; 3.07...
12/10/2011N. Superior reports high grade gold, Croteau Prop.
21/09/2011N.Superior reports gold, Croteau Est Gold Property
14/04/2011(Ti-pa-haa-kaa-ning (tpk))Rainy River and Northern Superior Announce Initial Assays an...
04/02/2011(Ti-pa-haa-kaa-ning (tpk))and Northern Superior Announce Final Phase 1 Results and Com...
29/09/2010(Ti-pa-haa-kaa-ning (tpk))signs formal Option Agreement with Rainy River Resources
12/11/2009(Wachigabau)Additional Historical Gold Assay Results
29/10/2009(Thorne Lake)Intersects Gold-Bearing Shear Zones
16/09/2009(Ti-pa-haa-kaa-ning (tpk))Initiates Magnetic Gradiometer Survey
25/08/2009(Thorne Lake)Four Gold Showings Discovered on Thorne Lake Property, North...
08/07/2009(Thorne Lake)Explores for Source of Gold Grain-In-Till Dispersal Trains, ...
22/06/2009(Wachigabau)Initiates Wachigabau Exploration Program
Communiqués de Presse de Northern Superior Resources Inc.
02/08/2016Arthur Murdy Joins Northern Superior’s Board of Directors - ...
11/07/2016Bold Ventures and Northern Superior Announce Amber Drilling ...
23/06/2016Northern Superior Appeals Judgment Regarding its Action Agai...
25/05/2016Northern Superior Receives Litigation Judgement - 05/25/2016
03/05/2016Bold Ventures Mobilizes Drill to Amber Zone Gold Showing at ...
21/01/2016Northern Superior Expands its Understanding and Definition o...
14/01/2016Croteau-Est Gold Property Inferred Mineral Resource Estimate...
22/12/2015Northern Superior Resources Inc. Informed of Chalice Gold Mi...
22/12/2015Chalice’s Termination Announcement & NSR’s Response - 12/22/...
22/12/2015Chalice Gold Mines - Croteau Est Joint Venture Update
02/11/2015Grizzly Termination - 11/02/2015
02/11/2015Northern Superior Resources Announces Grizzly Property Optio...
07/10/2015Grizzly Gold Property Exploration Update - 10/07/2015
07/10/2015Northern Superior Reports Additional New Showing, Grizzly Pr...
05/10/2015Bold Ventures Completes Summer 2015 Gold Exploration Program...
05/10/2015Northern Superior's Plan to Keep Stakeholders Informed About...
29/09/2015Northern Superior Initiates Final Preparations for Trial Aga...
08/09/2015Litigation Update - 09/08/2015
08/09/2015Northern Superior Initiates Final Preparations for Trial Aga...
22/07/2015Northern Superior Initiates Next Generation Exploration Prog...
22/07/2015Northern Superior Initiates Next Generation Exploration Prog...
20/07/2015Chalice Gold Mines - June 2015 Quarterly Report and Cashflow...
23/04/2015Northern Superior Provides an Update on Its Litigation Again...
21/04/2015Chalice expands North American presence with farm-in deal on...
21/04/2015Northern Superior Resources Inc. and Chalice Gold Mines Limi...
13/03/2015s Board Committees and Management Responsibilities
13/03/2015Northern Superior Resources Inc. Updates Board Committees an...
17/02/2015Bold Ventures Continues to Advance Lac Surprise Gold Potenti...
29/01/2014responds to Government of Ontario’s Statement of Defence
27/01/2014Lac Surprise Gold Property: An Excellent Opportunity In The ...
18/11/2013elaborates on legal action against the Government of Ontario...
25/10/2013commences legal action against the Government of Ontario
23/09/2013Recognized for Its Commitment to Progressive Aboriginal Rela...
16/07/2013Signs Option to Acquire 100% Interest in the Grizzly Gold Pr...
11/06/2013Signs Pre-Development Agreement with the Grand Council of th...
12/02/2013Initiates 2013 Drill Programs, Croteau Est/ Waconichi Gold P...
16/01/2013Continues to Intersect High Grade Gold Zones, Further Expand...
16/01/2013Continues to Intersect High Grade Gold Zones, Further Expand...
09/01/2013Ti-paa-haa-ka-ning, New Growth, New Growth Annex; A Renewed ...
10/12/2012Stock Options Issued
03/10/2012New Corporate Office
25/06/2012Drilling Discovers Gold Mineralization, New Growth Annex wit...
11/06/2012DRILLING EXPANDS CROTEAU EST GOLD DISCOVERY WITH GRADES UP T...
07/06/2012signs Option Agreement to acquire a 70% interest in Murgor R...
23/01/2012Intersects 32.6g/t Gold over 1.0 m, Rapson Bay Gold Property...
18/01/2012Rainy River Resources And Northern Superior Resources Announ...
11/01/2012Subject
19/12/2011Intersects Gold-Bearing Rock, Croteau Est Gold Property, Chi...
25/10/2011N. Superior Recovers Gold-Bearing Boulder
07/09/2011at The World Money Show, Toronto
09/05/2011at New York Hard Asset Conf.
20/02/2011N.Superior Ramps-Up Logistics for 2011 Expl. Prog.
20/02/2011Makes the “2011 TSX Venture 50”
04/02/2011Rainy River and Northern Superior Announce Final Phase 1 Res...
01/02/2011Increases Interest in Northern Superior Resources Inc.
31/01/2011Lake Shore Gold Increases Interest in Northern Superior Reso...
23/04/2010At Chicago Resource Expo.
06/04/2010Northwestern Ontario Prospectors Assoc. Meeting
05/03/2010Attends PDAC
15/01/2010Presenting at the Cambridge House Show, Vancouver
27/10/2009Defines Additional Gold Exploration Targets
19/06/2009adoption of Shareholders Rights Plan.
28/05/2009Signs Option Agreement with INV
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