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Northern Superior Resources Inc.

Publié le 07 octobre 2015

Grizzly Gold Property Exploration Update - 10/07/2015

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Mots clés associés :   Canada | Copper | Nickel | Zinc |

Grizzly Gold Property Exploration Update - 10/07/2015

Grizzly_Explo_Summ_2015_v4_aris (w/ Dan's comments) (00107294.DOCX;1)


NORTHERN SUPERIOR RESOURCES INC.

1351C Kelly Lake Road Sudbury, Ontario, Canada P3E 5P5

Tel: (705) 525- 0992

Fax: (705) 525- 7701


NEWS RELEASE - For Immediate Release


NORTHERN SUPERIOR REPORTS ADDITIONAL NEW SHOWING, GRIZZLY PROPERTY, WEST- CENTRAL QUÉBEC


Sudbury, Ontario (October 7, 2015) Northern Superior Resources Inc. ('Northern Superior' or the 'Company') is pleased to report the discovery of an additional showing (the Dempster Creek Showing, Figure 1) on its Grizzly gold property, west- central Québec. This new showing was discovered from a limited prospecting program initiated this summer (see press release May 27th, 2015). The program was designed to evaluate the mineral potential of a previously un- prospected area within the northwest portion of the Grizzly property. There are now sixteen (16) mineral targets identified associated with a variety of mineral settings and shear zones (see press releases May 27th, 2015; April 29th, 2014).


The Dempster Creek showing is associated with a large area (approximately 50 m wide by 160 m long) of exposed sheared and altered mafic volcanic/ grey silicified felsic volcanic rock, aligned northwest to southeast (north 235°). Mineralization consists of stringers (1 cm long by 4 cm wide) of pyrite (1% to massive), pyrrhotite (1- 2%) and chalcopyrite (up to 1%). The altered and sheared exposure remains open along strike in both directions. Grab samples collected yielded anomalous gold (sample 78676:

0.306 g/ t; sample 05492: 0.082 g/ t), copper (sample 05489: 110 ppm, sample 78676: 135 ppm) and zinc values (sample 79676: 113 ppm).


Dr. T.F. Morris President and CEO states: 'Clearly, exploration programs completed to date indicate that the Grizzly property holds much mineral potential. The sixteen (16) mineral targets are associated with a variety of mineral settings and shear zones that include: a) volcanic massive sulphide (VMS); b) magmatic nickel- copper +/- platinum-group-element; c) shear- hosted gold and/ or gold- copper targets; and d) three mineralized shear zones (see press releases May 27th, 2015 and April 29th, 2014).

Understanding the relationship of these targets to structural controls is critical to moving this property forward.'


Northern Superior is currently in an option agreement to earn a 100% interest in the Grizzly property (see press releases, May 27th, 2015 and July 16, 2013). The Grizzly property is located approximately 60 km west of Chapais and is accessible year- round from the Poste Abitibi service road by a series of forestry roads, ATV trails, and Hydro Québec power line corridors.


About Northern Superior Resources Inc.


The Grizzly gold property is one of four mineral properties that Northern Superior is currently exploring. The other three properties also represent regional- scale exploration programs, either 100% owned and operated by Northern Superior or Northern Superior having the right to earn a 100% interest in the property. Exploration to date has identified numerous drill- ready targets for gold, copper and silver on

the Ti-pa-kaa-haa-ning (TPK) property of northwestern Ontario and gold on the Company's Croteau Est and Lac Surprise properties in west- central Québec.


The Company's Qualified Person ('QP') for the Grizzly property is T.F. Morris (PGeo). As the QP, Dr. Morris has prepared or supervised the preparation of the scientific and technical information for this program and has verified the data disclosed in this press release. Grab samples collected by NSR's option partners and analyzed by Laboratoire Expert Inc., Rouyan- Noranda.


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, ICD.D President and CEO

Tel: (705) 525 ‐0992

Fax: (705) 525 ‐7701

e‐mail: [email protected] www.nsuperior.com


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.



Figure 1: Location of the Dempster Creek showing relative to the new and historic showings already identified on the Grizzly Property, Québec.

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Northern Superior Resources Inc.

EXPLORATEUR
CODE : SUP.V
ISIN : CA6658041000
Suivi et investissement
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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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