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Northern Superior Intersects High Grade Gold Zones and Expands Croteau Est Gold Discovery, Quebec
Published : September 12, 2012
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SUDBURY, ONTARIO--(Marketwire - Sept. 12, 2012) - Northern Superior Resources Inc. (News - Market indicators) ("Northern Superior" or the "Company") announces that the Company has significantly expanded the Croteau Est alteration corridor and associated gold mineralization to 450 m below surface following the completion of a 7-hole, 3,075 m diamond drill program this summer. The alteration corridor that hosts the gold mineralization is approximately 1,000 m in length, 50 to 150 m in width and dips steeply to the south. The alteration corridor and associated gold mineralization remains open along strike in both directions and at depth.

Table 1: Gold assay highlights from holes CRO12-30 through 36.
 
Hole ID   Depth
From
(m)
Depth
To

(m)
Core
Length
(m)
Composite weighted average grade (g/t)   High Grade (>10 g/t) Sample Assays (g/t)   Comments
CRO12-30   203.60 206.00 2.40 1.71        
  397.00 400.80 3.80 1.33        
  403.00 405.00 2.00 2.07        
 
CRO12-31   315.50 334.00 18.50 2.03        
Includes 320.00 333.00 13.00 2.61        
Or 325.15 333.00 7.85 3.12        
  370.00 372.00 2.00 1.78        
  388.35 389.25 0.90 2.17        
 
CRO12-32   231.00 234.40 3.40 1.49        
  253.00 257.75 4.75 2.16        
Includes 253.65 256.60 2.95 3.29        
  278.95 279.50 0.55 4.46        
 
CRO12-33   267.25 270.35 3.10 3.80        
 
CRO12-34   156.40 156.70 0.30 5.55        
  160.25 168.45 8.20 3.43        
Includes 163.50 167.90 4.40 5.78        
Includes 165.10 165.50 0.40     26.40    
  171.85 177.00 5.15 1.16        
  184.25 188.05 3.80 2.88        
  181.00 188.05 7.05 2.03        
  221.70 233.15 11.45 5.76        
Includes 221.70 230.60 8.90 7.30        
Or 225.00 230.60 5.60 10.84        
Includes 226.00 226.60 0.60     69.30   Visible Gold Reported
Includes 229.00 229.75 0.75     18.45   Visible Gold Reported
  236.00 250.15 14.15 3.29        
Includes 238.55 249.25 10.70 4.26        
Or 238.55 245.85 7.80 5.50        
Includes 245.40 245.85 0.45     57.90   Visible Gold Reported
 
CRO12-35   353.00 353.40 0.40     49.40    
  367.00 370.00 3.00 1.36        
 
CRO12-36   528.95 549.75 20.80 1.32        
Includes 540.25 549.75 9.50 2.43        
Includes 549.00 549.75 0.75     14.70    
  558.75 560.75 2.00 1.52        
  558.00 566.00 8.00 1.51        
Includes 563.00 566.00 3.00 2.45        
  584.60 586.25 1.65 1.41        
 
Note, Table 1: a) assays uncut; b) measured core lengths.

With the completion of this most recent drill program, the Company has now completed a total of 36 diamond drill holes (10,719 m) at Croteau Est. From these diamond drill programs and the other exploration activities completed this summer, the Company is confident in the significance of the drill defined alteration corridor and associated mineralized zones and as a result, has increased its exploration budget for the balance of 2012 by $2.2 million to facilitate an accelerated exploration program. This program will include the mobilization of two diamond drill rigs that will complete an additional 8,000 to 10,000 m of diamond drilling this fall. The Company also intends to complete extensive overburden stripping over the known gold-bearing mineralized zones (Marco, Dede, Zone C and Zone D) to better define the distribution and grade of gold mineralization at surface for each of the four mineralized zones identified to date.

Dr. T.F. Morris President and CEO commented: "We are extremely excited with the lateral and vertical continuity of the gold-bearing zone that we have defined so early in our exploration program, and the obvious opportunity to expand this discovery going forward. The Croteau Est discovery opens up the potential and expands the western extension of the prolific Chibougamau-Chapais gold and base metal camp in west- central Québec. With the Company's option agreement with Murgor Resources to acquire a 70% interest in the adjoining Waconichi gold property, Northern Superior has the ability to extend its property position to 20,920 hectares in this belt. We are hopeful that the Company's 2012 exploration and expanded drilling programs will define additional exploration targets, and more discoveries in a low- cost, easily accessible, established exploration and mining community."

Tio view Figure 1, please visit the following link: http://media3.marketwire.com/docs/sup912i.pdf.

The Company's Qualified Persons ("QP") for the Croteau Est gold property are Donald Boucher, P.Geo.,

Michel LeBlanc, P.Geo. and Casey Hetman, P.Geo. As QP's, Mr. Hetman, Mr. LeBlanc and Mr. Boucher have prepared or supervised the preparation of the scientific or technical information for this program and have verified the data disclosed in this press release. The Company has a rigorous QA/QC program in place 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 aliquot weight with an AA finish. Over-limit samples were re-assayed with a gravimetric finish. Standards, blanks and duplicates are inserted every 25 samples. ALS Canada Ltd. performed the primary assaying with duplicates being analyzed at AGAT Laboratories. ALS Canada Ltd. and AGAT Laboratories implement independent QA/QC protocols that include the insertion of certified blanks and standards as part of their routine analysis.

About Northern Superior Resources Inc.

Northern Superior is a junior exploration company focused on exploring for gold in the Superior Province of the Canadian Shield. The Company is currently focused on exploring its adjoining Croteau Est/Waconichi gold properties in Quebec. The Company has a number of 100% owned properties (see Company web site, www.nsuperior.com) in the Stull Wunnumin and Chibougamau gold districts that were identified and developed from the Company's extensive geoscientific data base and from which additional gold exploration projects are being generated. The Company is currently seeking to option- out a number of these properties.

Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Quebec, and trades on the TSX Venture Exchange under the symbol SUP.

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
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

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 187,9 millions CA$ (137,1 millions US$, 128,1 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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