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Northern Superior Resources Inc.

Publié le 27 octobre 2009

Defines Additional Gold Exploration Targets

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NORTHERN SUPERIOR RESOURCES INC.DEFINES ADDITIONAL GOLD EXPLORATION TARGETS, THORNE LAKE PROJECT, NORTHWESTERN ONTARIO

 

Sudbury, Ontario (October 27th, 2009): Northern Superior Resources Inc. (“Northern Superior” or the “Company”) announced today that the 2009 overburden sampling program, on its Thorne Lake property in Northwestern Ontario, has identified four new gold targets.

Dr. T.F. Morris, President and CEO commented “The gold grain-in-till data derived from the 2009 overburden sampling program clearly defines new gold exploration targets on the Property. These targets are in addition to those associated with the 3 gold anomalies (gold grain-in-till dispersal trains) identified during the 2008 exploration program. Of particular interest are two gold exploration targets associated with the western-most gold anomaly defined during the 2008 exploration program (see press release January 26th, 2009). The distribution of gold grain values associated with this anomaly was initially thought to be derived from one source. The data acquired from this summer’s program indicates that there are three overlapping gold grain dispersal trains (see figure, Northern Superior Resources website, www.nsuperior.com, Projects, Thorne Lake Gold Project).”

Dr. Morris further states: “The number of gold targets defined to date illustrates the potential of this property for gold mineralization.”

The success of the 2008 and 2009 overburden sampling programs is due in large part to the recognition of thin, basal tills. The 2009 exploration program confirmed that these tills are of local origin which is re-enforced by the high percentage of pristine gold grains associated with these tills.  Exploration efforts will now be focused on a more defined area up-ice of the most anomalous gold grain-in-till values.

The large number of gold grains recovered from these basal tills associated with the new gold exploration targets is significant. These gold grain values are either comparable to, or higher than, those recovered from till samples collected in 2008 and to gold grain-in-till dispersal trains associated with the nearby Sachigo River gold mine (see Table 1). The past-producing Sachigo River gold mine is located approximately 15 km east of the Company’s property, in the same greenstone belt, and produced 52,560 ounces of gold at an average grade of approximately 1.1 oz Au/t (38.8 grams Au/t).

Table 1. Comparison of gold grain values recovered from overburden samples collected on the Company’s Thorne Lake gold property, Northwestern Ontario, to those recovered down-ice from the neighboring Sachigo River gold mine (see figure, Northern Superior Resources website, www.nsuperior.com, Projects, Thorne Lake Gold Project). Note the high percentage of pristine gold grains.


Thorne Lake Gold Exploration Targets

 

 

 

Exploration

Year

Largest Gold Grain Anomaly

 

Target

Identified

Total

Reshaped

Modified

Pristine

% Pristine Gold Grains

Dispersal Train # 1

2008

65

6

20

39

60

Dispersal Train # 2

2008

476

3

19

454

95

Dispersal Train # 3

2008

12

7

3

2

17

Target # 1 (TL09-072)

2009

147

17

55

75

51

Target # 2 (TL09-019)

2009

294

4

54

236

80

Target # 3 (TL09-069)

2009

186

1

24

161

87

Target # 4 (TL09-078)

2009

52

2

7

43

83

Sachigo Lake Gold Mine Gold Grain-In-Till Dispersal Trains

 

 

Dispersal Train

Year

Largest Gold Grain Anomaly

 

Number

Identified

Total

Reshaped

Modified

Pristine

 

Dispersal Train # 1

2002

18

7

2

9

50

Dispersal Train # 2

2002

69

3

9

57

83

 

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

International Nickel Ventures (INV), entered into an option agreement with Northern Superior in May 2009 (see press release May 28th, 2009). Under the terms of the agreement, INV may earn a 50% interest in the Property by funding $1.5 million in exploration expenditures over four years, with a first year commitment of $500,000. Upon INV completing its funding obligations, a joint venture will be formed with INV and Northern Superior both holding a 50% interest in the property. During the earn-in period, Northern Superior will remain the operator of the exploration project. INV may elect to sole-fund additional work programs, after earning its 50% interest, through to the completion of a pre-feasibility study to earn a maximum 60% interest.

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.

 

For further information contact:

Thomas F. Morris

President and CEO

Tel: (705) 525 -0992

Fax: (705) 525- 7701

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.

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 191,1 millions CA$ (139,4 millions US$, 130,2 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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