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Northern Superior Resources Inc (2)
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Shares Issued 141,905,358
Close 2023-07-14 C$ 0.385
Market Cap C$ 54,633,563
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N. Superior drills 16.3 m of 2.93 g/t Au at Philibert

2023-07-17 09:47 ET - News Release

Mr. Simon Marcotte reports

NORTHERN SUPERIOR REPORTS 2.93 G/T GOLD OVER 16.3 METRES, 1.30 G/T GOLD OVER 35.2 METRES AND 16.75 G/T GOLD OVER 2.5 METRES FROM THE GAP AND CORSAC FOX ZONES OF THE PHILIBERT PROJECT

Northern Superior Resources Inc. has released assay results from recent drilling completed in the 300-metre gap between the Arctic Fox and Fennec Fox zones, as well as along a 200-metre gap within the Corsac trend, on the Philibert gold property, located 60 kilometres southwest of Chibougamau, Que., Canada.

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

  • Diamond drill hole PB-23-439 returned 2.93 grams per tonne gold over 16.3 metres from 186.4 metres to 202.7 metres, including 6.46 g/t Au over 5.5 metres, from the Gap zone.
  • DDH PB-23-441 returned 1.30 g/t Au over 35.2 metres from 65.0 metres to 100.2 metres, including 5.44 g/t Au over 4.0 metres, including 8.35 g/t Au over 1.5 metres, from the gap at the Corsac Fox zone.
  • DDH PB-23-438 returned 16.75 g/t Au over 2.5 metres from 118.0 metres to 120.5 metres, including 37.2 g/t Au over 1.1 metres, from the Gap zone.
  • DDH PB-23-432 returned 1.80 g/t Au over 13.4 metres from 126.9 metres to 140.3 metres, including 16.89 g/t Au over 1.1 metres, from the Gap zone.
  • DDH PB-23-433 returned 1.04 g/t Au over 20.0 metres from 181.0 metres to 201.0 metres, from the Gap zone.
  • DDH PB-23-443 returned 0.48 g/t Au over 49.0 metres from 60.0 metres to 109.0 metres, from the gap at the Corsac Fox zone.

Simon Marcotte, president and chief executive officer of Northern Superior, commented: "These results are strategically linking mineralization in two areas where a lack of data was creating gaps in our resource model. Linking mineralization along strike, especially at the Gap zone, and being able to treat the entire three-kilometre trend as one resource should have very positive repercussions on the project economics. We can now envision a potential larger, more-continuous open-pit operation for all zones, which should also facilitate eventual operational access to the higher-grade mineralization at depth. As we eagerly anticipate the impending completion of the mineral resource estimate, we believe it will not only establish Philibert as a pillar within the camp but also propel the Chibougamau gold camp to become a globally recognized Tier 1 asset."

Drill program

The Philibert project comprises five main zones, with the northwest and southeast domains being the primary components. Historically, a 300-metre gap has always existed between those two domains where the late-aged, northeast-southwest-oriented Obatogamau fault transects the northwest-southeast-oriented mineralized Philibert trend. Building on the tremendous success of the recent drilling programs across all five main zones, Northern Superior undertook a 3,000-metre drilling program earlier this year, in order to investigate this gap area. Northern Superior is reporting results for nine drill holes that tested the 300-metre gap between the Arctic Fox and Fennec Fox zones, as well as four drill holes that tested the gap at the Corsac Fox zone (see an attached table).

The results include infill drilling between the Arctic Fox and Fennec Fox zones where results from drilling completed last year returned high-grade intersections, including hole PB-22-382, which returned 3.86 g/t Au over 15.0 metres starting at 198.0 metres, and hole PB-22-379, which returned 1.15 g/t Au over 19.4 metres starting at 167.6 metres. Nine additional holes tested the gap, including hole PB-23-439 drilled toward the southeast to test mineralization down dip from holes PB-22-382 and PB-22-379, which returned 2.93 g/t Au over 16.3 metres starting at 186.4 metres. Drilling tested mineralization to the east toward the fault and Fennec Fox, with hole PB-23-432 returning 1.80 g/t Au over 13.4 metres starting at 126.9 metres. Hole PB-23-431 also tested mineralization to the east but failed to intersect the intended target and drilled along the late-aged fault, which is not mineralized. On the east side of the fault, several holes tested the extension of mineralization to the east of the fault correlating to the new domain in the Gap zone; all holes intersected altered shear zones, but were only weakly mineralized. Toward the west, three holes tested mineralization along strike, with hole PB-23-438 returning 16.75 g/t Au over 2.5 metres starting at 118.0 metres and hole PB-23-433 returning 1.04 g/t Au over 20.0 metres starting at 181.0 metres.

To date, the Corsac Fox zone has been preliminarily defined over 800 metres along strike and up to 250 metres vertical depth. Four holes tested a 200-metre gap in the Corsac Fox zone following positive results from the 2022 program, including hole PB-22-331, which returned 2.11 g/t Au over 27.0 metres starting at 127.0 metres, located west of the gap, and hole PB-22-325, which returned 1.64 g/t Au over 5.3 metres starting at 23.7 metres, located on the east side of the gap. Historical hole PH-93-214 was drilled down dip through the gap and intersected 1.32 g/t Au over 42.0 metres starting at 209 metres. Historically, the Corsac Fox zone was only selectively sampled, and the company is planning to complete further sampling on the historical core.

Results from the 2023 drilling campaign included hole PB-23-441, returning 1.30 g/t Au over 35.2 metres starting at 65.0 metres and drilled off azimuth to the east of hole PB-23-443, which returned 0.48 g/t Au over 49.0 metres starting at 60 metres. 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 and quartz-tourmaline and dark-grey quartz veining with rare visible gold and up to 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.

Sampling and laboratory

True widths of the intercepts reported in this press release have yet to be determined, but are estimated to be 70 per cent to 90 per cent of reported core lengths. All NQ-size split core assays reported for 2023 were obtained by fire assay with ICP-AES finish, and samples returning values over 10 parts per million Au are reanalyzed, utilizing standard fire assay-gravimetric methods. Samples were shipped to SGS Laboratories, with sample preparation done in Val d'Or, Que., and sample analysis done in Burnaby, B.C. Samples with visible gold identified were analyzed by Au metallic screening on a one-kilogram sample screened to 106 micrometres, 50 g fire assay, gravimetric, AAS or ICP-AES of entire plus fraction and duplicate analysis of minus fraction. The quality assurance/quality control protocol includes the insertion of blanks and standards every 25 samples, on average, in addition to the regular insertion of blank, duplicate and standard samples inserted by SGS Laboratories during the analytical process.

The technical content and scientific aspects of this press release have been reviewed and approved by Adree DeLazzer, PGeo, a qualified person as defined by the National Instrument 43-101. Ms. DeLazzer is vice-president of exploration at Northern Superior and 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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