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Northern Superior Resources Inc (2)
Symbol SUP
Shares Issued 142,000,000
Close 2023-10-16 C$ 0.34
Market Cap C$ 48,280,000
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N. Superior drills seven m of 10.94 g/t Au at Croteau

2023-10-16 08:26 ET - News Release

Mr. Simon Marcotte reports

NORTHERN SUPERIOR MAKES NEW DISCOVERY WITH 10.94 G/T GOLD OVER 7.0 METRES AND 1.66 G/T GOLD OVER 21.55 METRES AT CROTEAU PROPERTY

Northern Superior Resources Inc. has released results from the diamond drill program on its 100-per-cent-owned and extensive (30 kilometres by 15 km) Croteau property.

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

  • Diamond drill hole CRO-22-150 intersected multiple mineralized zones, including: 10.94 grams per tonne gold over seven metres starting at 272.10 metres, including 16.15 g/t Au over 4.6 metres; 1.66 g/t Au over 21.55 metres starting at 224.0 metres, including 3.20 g/t Au over 2.0 metres and 4.87 g/t Au over 4.65 metres; 1.26 g/t Au over 7.15 metres starting at 315.85 metres, including 2.70 g/t Au over 2.0 metres; and 0.53 g/t Au over 11.5 metres starting at 330.0 metres.
  • DDH CRO-22-127ext intersected multiple mineralized zones, including 1.33 g/t Au over 16.80 metres starting at 375.20 metres, including 3.25 g/t Au over 3.5 metres, and 1.29 g/t Au over 9.40 m starting at 285 metres, including 5.16 g/t Au over two m (approximately 250 m east of CRO-22-150 and CRO-22-128).
  • DDH CRO-22-128 returned 1.32 g/t Au over 12.50 metres starting at 237.25 metres, including 6.58 g/t Au over one metre (on strike of CRO-22-150 and CRO-22-127ext).
  • DDH CRO-22-147 returned 1.31 g/t Au over 13.30 metres starting at 220 metres, including 3.56 g/t Au over 2.90 metres.
  • Numerous gold values in stepout drilling of the mineralization discovered in 2022 in CRO-22-120 (1.06 g/t Au over 26.30 metres; see press release dated July 19, 2022), highlighted by hole CRO-22-137, which intersected 12.82 g/t Au over 1.9 metres starting at 63.10 metres, including 40.30 g/t Au over 0.60 metre.
  • DDH CRO-22-135, drilled between the Z120 zone and the historical Croteau-Est showing, intersected 5.13 g/t Au over 3.05 metres starting at 254.30 metres.
  • DDH CRO-22-151 returned 1.65 g/t Au over five m starting at 285 metres.
  • DDH CRO-22-152 returned 2.03 g/t Au over 6.50 m starting at 244.80 metres.

This program was designed to test:

  • The discovery area associated with the Croteau North shear zone: hole CRO22-120, intersecting 1.06 g/t Au over 26 metres, including 4.98 g/t Au over three metres, known as Z120, located north and parallel to the Croteau-Bouchard shear zone (CBSZ). The CBSZ hosts an inferred gold resource of 640,000 ounces (see press release dated July 19, 2022).
  • Targets within the north basalt domain (NBD) consisting of extensive carbonate-sericite alteration in surface trench exposures and RC bedrock chips supplemented by gold-in-till anomalies from a rigorous reverse circulation drill program completed in late 2021 and early in 2022 (see Northern Superior press release dated Jan. 11, 2022).

Simon Marcotte, president and chief executive officer of Northern Superior, commented: "The results presented today on our Croteau property underscore the exceptional exploration opportunities inherent in this strategic land package. Not only this newly discovered, near-surface mineralization in two new areas is within one kilometre of the main zone, already hosting an inferred resource of 640,000 ounces of gold at 1.79 g/t Au, but the high-grade nature of the discovery has the potential to transform the project into a resource even more amenable to a combined single mining operation alongside the company's Philibert project and other neighbouring projects of the area. We eagerly anticipate building upon this success and expand on the potential of this property's gold resources."

Geology in the NBD consists of a sequence of mafic flows intruded by subvolcanic gabbro sills, belonging to the Neoarchean-aged Bruneau formation. Aeromagnetic data suggest this sequence is complexly folded in the target area.

Mineralization consists of disseminated and fracture-filling pyrite and quartz-pyrite veins surrounded by siliceous alteration, within wide (greater than 100 metres) zones of strong carbonate-sericite plus/minus fuchsite alteration. Higher grades are often associated with higher pyrite concentrations (up to 20 per cent) within hyaloclastite zones in contact with gabbro units. The gabbro units in these altered areas are commonly strongly altered by fuchsite. Significant gold intersections have now been found along a total strike length of 1.5 km, within the north basalt domain and the Croteau North shear zone.

DDH CRO-22-128 returned 1.32 g/t Au over 12.50 metres, and hole CRO-22-127 was extended to test for the possible strike extension of this mineralization and intersected wide zones of carbonate-sericite-fuchsite-pyrite plus/minus silica-albite alteration, returning 1.29 g/t Au over 9.40 metres, 0.73 g/t Au over 6.15 metres and 1.33 g/t Au over 16.80 metres. This mineralization remains open at depth to the east for at least 400 m.

Hole CRO-22-150 was drilled approximately 100 metres down dip of hole CRO-22-128. The hole encountered the same sequence of pillowed mafic volcanics and massive gabbros, affected by wide zones of strong sericite-carbonate-pyrite alteration, with local fuchsite and sections of strong albite-silica alteration, accompanied by quartz-pyrite veins interpreted to be hosted in hyaloclastite zones, in contact with gabbro. Results include 1.66 g/t Au over 21.55 metres (including 3.20 g/t over two metres and 4.87 g/t Au over 4.65 metres) and 10.94 g/t Au over seven metres (including 16.15 g/t Au over 4.60 metres), 9.05 g/t Au over one metre, 1.26 g/t Au over 7.15 metres (including 2.70 g/t Au over two metres) and 0.53 g/t Au over 11.5 metres.

Hole CRO-22-151 was drilled 100 metres down dip of CRO-22-127ext, and hole CRO-22-152 was drilled to test mineralization along strike between CRO-22-128 and CRO-22-127ext. These holes both cut the basalt/gabbro sequence and wide zones of strong sericite-carbonate-pyrite plus/minus silica and fuchsite alteration. Several anomalous gold values were intersected, including 1.65 g/t Au over five metres in CRO-22-151 and 2.03 g/t Au over 6.50 metres in CRO-22-152.

Mineralization in this western area has now been found along a strike length of approximately 450 metres and is open along strike in both directions and at depth. The results obtained to date in the NBD suggest that a large gold-bearing hydrothermal system is present, at least 1,400 metres long and 300 metres wide. Drilling has been largely exploratory, with holes approximately 100 metres apart, except for the Z120 area. Most of the NBD remains to be drill tested. The company is currently evaluating the next phase(s) of exploration for this area.

Holes CRO-22-131 and CRO-22-132 tested the east and west extents of the historical Croteau-Est showing, which does not appear to have been previously drilled. Channel sampling at this showing by Northern Superior in 2012 returned gold values of up to 4.83 g/t Au over 0.7 metre. The showing occurs on the north side of an area of low magnetic intensity, found to be coincident with carbonate-sericite alteration and quartz veining, which returned 4.37 g/t Au over two metres in hole CRO-22-131. Based on the geology and alteration present in these holes, CRO-22-135 was drilled directly beneath the Croteau-Est showing and returned 5.13 g/t Au over 3.05 metres, within similarly altered material.

Holes CRO-22-137 through CRO-22-148 tested the Z120 zone, found in holes CRO-22-120 (1.06 g/t Au over 26.30 metres, including 4.98 g/t Au over three metres) and CRO-22-114 (0.40 g/t Au over 19.25 metres) (see press release dated July 19, 2022). This work has successfully extended mineralization approximately 400 metres along strike to the east. Unfortunately, wet ground conditions prevented testing the zone to the west. The zone is interpreted to dip moderately to the south and appears to crosscut local stratigraphy. Highlights of the drilling in this area include 12.82 g/t Au over 1.9 metres, including 40.30 g/t Au over 0.60 metre, in hole CRO-22-137, 0.67 g/t Au over 16.80 metres in CRO-22-141 and 1.31 g/t Au over 13.30 metres in CRO-22-147. This zone remains open along strike and at depth.

CRO-22-149 was designed to test a grassroots target, where feldspar porphyry dikes intersect the interpreted Gwillim fault. The hole encountered mafic volcanics intruded by feldspar porphyry dikes and sericite-carbonate alteration zones, which returned 1.87 g/t Au over one metre and 5.61 g/t Au over 1.50 metres.

Sampling and laboratory

True widths of the intercepts reported in this press release have yet to be determined but are estimated to be 50 per cent to 70 per cent of reported core lengths. All NQ-size split core assays reported for 2022 were obtained by fire assay with atomic absorption finish, and samples returning values over three parts per million Au are reanalyzed, utilizing standard fire assay/gravimetric methods. Samples were shipped to ALS Laboratories (sample preparation done in Sudbury, Ont., and/or Val d'Or, Que., and analysis done in Vancouver, B.C.), AGAT Laboratories (sample preparation done in Val d'Or, Que., and sample analysis done in Mississauga, Ont.) and SGS Laboratories (sample preparation done in Val d'Or, Que., and sample analysis done in Vancouver, B.C.). The quality assurance/quality control protocol includes the insertion of a blank or standard every 20 samples on average, in addition to the regular insertion of blank, duplicate and standard samples inserted by the laboratories during the analytical process.

Qualified person

Michel Leblanc (PGeo) is the qualified person within the meaning of National Instrument 43-101. Mr. Leblanc has reviewed and approved the information disclosed in this press release.

About Northern Superior Resources Inc.

Northern Superior is a gold exploration company focused on the Chibougamau camp in Quebec, Canada. 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. Northern Superior also owns significant exploration assets in Northern Ontario, highlighted by the district-scale TPK project.

The Philibert project is located nine kilometres from Iamgold Corp.'s Nelligan gold project. Philibert hosts a new maiden NI 43-101 inferred resource of 1,708,800 ounces gold and an indicated resource of 278,900 ounces gold. Northern Superior holds a majority stake of 75 per cent in the Philibert project, with the remaining 25 per cent owned by Soquem, and retains an option to acquire the full 100-per-cent ownership of the project. Chevrier hosts an inferred mineral resource of 652,000 ounces Au (underground and open pit) and an indicated mineral resource of 260,000 ounces Au. Croteau hosts an inferred mineral resource of 640,000 ounces Au. Lac Surprise hosts the Falcon zone discovery, interpreted to be the western strike extension of Iamgold's Nelligan deposit.

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