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Northern Superior Resources Inc (2)
Symbol SUP
Shares Issued 137,492,766
Close 2023-06-13 C$ 0.40
Market Cap C$ 54,997,106
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N. Superior drills 27 m of 2.11 g/t Au at Philibert

2023-06-13 09:49 ET - News Release

Mr. Simon Marcotte reports

NORTHERN SUPERIOR REPORTS 2.11 G/T GOLD OVER 27.0 METRES, 1.28 G/T GOLD OVER 22.4 METRES AND 1.48 G/T GOLD OVER 16.0 METRES FROM THE ARCTIC FOX EXTENSION AND THE CORSAC FOX ZONE OF THE PHILIBERT PROJECT

Northern Superior Resources Inc. has released assay results from the Arctic Fox extension and the Corsac Fox zone on the Philibert gold property (see press release dated Jan. 11, 2023), located 60 kilometres southwest of Chibougamau, Que.

Highlights include (grades uncut, lengths measured along hole, see an attached table):

  • Diamond drill hole PB-22-331 returned 2.11 grams per tonne gold over 27 metres from 127 metres to 154.0 metres, including 27.37 g/t Au over 1.5 metres and 5.75 g/t Au over 1.0 metre, from the down-dip extension of the Corsac Fox zone.
  • DDH PB-22-329 returned 0.88 g/t Au over 16.0 metres from 15.0 metres to 31.0 metres on the surface extension of the Corsac Fox zone.
  • DDH PB-22-327A returned 1.28 g/t Au over 22.4 metres from 335.0 metres to 357.4 metres, including 1.71 g/t Au over 6.0 metres and 5.82 g/t Au over 2.4 metres, from the Arctic Fox extension-Corsac Fox area.
  • DDH PB-22-327A returned 1.48 g/t Au over 16.0 metres from 299.0 metres to 315.0 metres, including 2.20 g/t Au over 10.0 metres (previously reported March 11, 2022), from the Arctic Fox extension-Corsac Fox area.
  • DDH PB-22-389 returned 1.57 g/t Au over 5.0 metres from 75.0 metres to 80.0 metres at the Arctic Fox extension-Corsac Fox area.
  • DDH PB-22-401 returned 1.23 g/t Au over 6.0 metres from 27.0 metres to 33.0 metres, near-surface extension of Arctic Fox extension-Corsac Fox.

Simon Marcotte, president and chief executive officer of Northern Superior, commented: "The results reported today demonstrate the significant scale of the mineralized corridor of the Philibert trend, which continues to grow the size of near-surface mineralization. We see a clear opportunity to extend near-surface mineralization along strike, down dip and down plunge to the east-southeast, where results indicate that the size of the mineralized system has potential to be much larger. Results also highlight significant gold intersections near surface and at depth along areas with very selective historic sampling. We are very keen to expand the footprint of mineralization along the northwestern and northern limit of the defined mineralized corridor."

Drill program

Northern Superior is reporting herein results for 11 drill holes that tested the northwestern hangingwall of the three-kilometre mineralized corridor of the Philibert trend. To date, the Corsac Fox zone has been defined 800 metres along strike and up to 250 metres in vertical depth (see an attached table).

Results for the Corsac Fox zone include PB-22-331, returning 2.11 g/t Au over 27.0 metres from 127.0 metres to 154.0 metres, located down dip of hole PB-22-329, included in today's release, returning 0.88 g/t Au over 16.0 m from 15.0 metres to 31.0 metres. Other results for the Corsac Fox zone were previously reported and included hole PB-22-332, returning 1.17 g/t Au over 11.0 metres starting at 55.0 metres, PB-22-327A, returning 0.89 g/t Au over 22.9 metres starting at 130.1 metres, PB-22-325, returning 1.64 g/t Au over 5.3 metres starting at 23.7 metres, and PB-22-324, returning 0.95 g/t Au over 9.0 metres starting at 98.0 metres. Historically the Corsac Fox zone was only selectively sampled, and the company is planning to complete further sampling on the historical core. Mineralization is hosted in a quartz-rich gabbro, named the Philibert horizon, part of the Obatogamau formation, and focused within west-northwest-to-northwest-trending silicified shear zones with moderate dips to the northeast. Mineralization is characterized by strong silicification, ankerite, sericite and fuchsite alteration, quartz-carbonate-tourmaline, and dark-grey quartz veining with rare visible gold and 2 per cent to 5 per cent disseminated pyrite and pyrrhotite mineralization. The lower contact is marked by a fault within a graphitic argillite horizon.

Eight drill holes tested the western extension of what is interpreted as the Arctic Fox zone, with drill hole PB-22-327A returning 1.48 g/t Au over 16.0 metres from 299.0 metres to 315.0 metres, including 2.20 g/t Au over 10.0 metres (previously reported on March 11, 2022) and 1.28 g/t Au over 22.4 metres from 335 metres to 357.4 metres. Most of the other holes drilled in this area tested mineralization near surface, including PB-22-401, returning 1.23 g/t Au over 6.0 metres from 27 metres to 33 metres, PB-22-384, returning 1.08 g/t Au over 7.9 metres from 20.0 metres to 27.9 metres, PB-22-389, returning 1.57 g/t Au over 5.0 metres from 75.0 metres to 80.0 metres, and PB-22-416, returning 0.94 g/t Au over 5.4 metres from 23.5 metres to 28.9 metres. Drill hole PB-22-392 was drilled too far south, only intersecting the southern surface limit of the mineralized zone, and drill hole PB-22-386 intersected a weakly anomalous zone but deviated from the planned target. Mineralization is hosted in a silicified basalt part of the Obatogamau formation and focused within west-northwest-to-northwest-trending silicified shear zones with moderate dips to the northeast. Mineralization is characterized by silicification and ankerite alteration, quartz-carbonate-tourmaline, and dark-grey quartz veining with 2 per cent to 5 per cent disseminated pyrite and pyrrhotite mineralization.

Sampling and laboratory

True widths of the intercepts reported in this press release have yet to be determined but are estimated to be 60 per cent to 90 per cent of reported core lengths. All NQ-size split core assays reported were obtained by fire assay with atomic absorption finish, and samples returning values over 10 parts per million Au are reanalyzed, utilizing standard fire assay/gravimetric methods. Samples were shipped to AGAT Laboratories, with sample preparation done in Val d'Or, Que., and sample analysis done in Mississauga, Ont. The quality assurance/quality control protocols include insertion of a blank and standard every 25 samples on average, in addition to the regular insertion of blank, duplicate and standard samples inserted by AGAT Laboratories during the analytical process.

The technical content and scientific aspects of this press release have been reviewed by Sarah Dean, PGeo. Ms. Dean is a qualified person within the meaning of National Instrument 43-101 and has reviewed and approved the technical information disclosed in this press release related to the Lac Surprise program. Ms. Dean is not considered independent.

About Northern Superior Resources Inc.

Northern Superior is a gold exploration company focused on the Chapais-Chibougamau camp in Quebec. The company has consolidated the largest land package in the region, with total landholdings currently exceeding 62,000 hectares. The main properties include Philibert, Lac Surprise, Chevrier and Croteau Est. Northern Superior also owns significant exploration assets in Northern Ontario, highlighted by the district-scale TPK project.

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