Northern Superior Initiates Exploration Program, Ti-pa-haa-kaa-ning Gold-Silver-Copper Property, Northwestern Ontario
15 August 2017 - 2:30PM
Northern Superior Resources Inc.
(“Northern Superior” or the “Company”) (TSXV:SUP)
(OTCQP:NSUPF), is pleased to announce the initiation of the 2017
exploration program on its 100% owned Ti-pa-haa-kaa-ning (TPK)
gold-silver-copper property.
The work program will
include:
- Exploration Program - Northwest Portion of the
Property: to define specific mineralized targets
associated with this belt through prospecting, till and boulder
sampling;
- Structural Study - Southeast Portion of the
Property: to strengthen the core drill targets previously
established from the distribution and concentration of gold grains
associated with the unique and remarkable 6km wide part of the TPK
gold grain-in-till apron; and
- Completion of Upgrades, Rowlandson Lake Exploration
Camp: in preparation of a core hole drilling program
planned for early 2018.
This property, located in Northwestern Ontario,
contains two large, regional, independent mineralized systems:
- A laterally extensive gold-bearing shear system, from which,
one of North America’s largest gold grain-in-till dispersal aprons
extends. Gold grain anomalies of this scale are amalgamated
responses from a cluster of gold zones, normally indicating a large
gold system or district rather than a single gold zone (see press
release, Northern Superior Resources, June 21, 2010). Exploration
highlights of this gold bearing system include:
- the gold grain-in-till dispersal apron: originally defined as 6
km in width, now defined to extend at least 24km east to west
across the property (see press release, December 6, 2011);
- within the eastern part of this apron: several gold-bearing
boulder dispersal trains returning gold assay values of up to 94.21
g/t gold (see press release, Northern Superior Resources, September
15, 2010; Corporate Presentation, www.nsuperior.com);
- discovery of significant gold-bearing mineralization in the
Target 3 area: coarse‐grained visible gold was noted in drill hole
TPK‐10‐004, which also returned an assay value of 25.9 g/t gold
over 13.5 metres (see press release, Northern Superior Resources,
December 14, 2010); and
- eight, drill-ready gold targets: defined across a 6km wide area
in the eastern part of the apron.
- A mineralized greenstone belt located in northwest
part of the property (see press release, Northern Superior
Resources, December 7, 2011), defined by:
- a gold grain-in-till dispersal corridor at least 3.5km wide
(Keely Lake: see press release, Northern Superior Resources,
October 25, 2011);
- mineralized boulders entrained within this corridor assaying as
high as 727g/t gold, 111g/t silver, 4.1% copper (see press release,
Northern Superior Release, June 25, 2012); and
- drill results returning grades of up to 4.62g/t gold over 5.5m
(see press release, Northern Superior Resources, June 25 and 26,
2012).
Dr. T.F. Morris, President and CEO of Northern
Superior, states: “We are very pleased to be back on the TPK
property to continue exploration of the tremendous mineral
opportunities that this property has to offer. The exploration
programs just initiated are designed to better understand
mineralization associated with the second mineralized system on the
northwest portion of the property, and to set-up a core drill
program for early 2018. Also, I cannot emphasize enough how pleased
we are to once again work with Neskantaga First Nation, through our
joint Early Exploration Benefits Agreement, to advance exploration
on the TPK property. The Community’s involvement with our
exploration programs on TPK will be essential to the success of
those programs.”
About Northern Superior Resources
Inc.Northern Superior is a reporting issuer in British
Columbia, Alberta, Ontario and Québec, and trades on the TSX
Venture Exchange under the symbol SUP, and the OTCQB Venture Market
under the symbol NSUPF. The Company is currently focused on
exploring its 100% owned Croteau Est (Québec) and
Ti-pa-haa-kaa-ning (Northwestern Ontario) properties. Northern
Superior is currently looking to option out its other 100% owned
mineral properties in Québec and Northwestern Ontario.
Qualified PersonThe Company’s
Qualified Person (“QP”) for the TPK property is Ron Avery (P.Geo.).
As the QP for the TPK project, Mr. Avery has approved information
disclosed in this press release.
For further information please visit the
Company’s website at www.nsuperior.com or contact:
Thomas F. Morris P.Geo., PhD., FGAC President
and CEO Tel: (705) 525 ‐0992 Fax: (705) 525 ‐7701 e‐mail:
info@nsuperior.com www.nsuperior.com
Cautionary Note Regarding
Forward-Looking StatementsThis Press Release contains
forward-looking statements that involve risks and uncertainties,
which may cause actual results to differ materially from the
statements made. When used in this document, the words “may”,
“would”, “could”, “will”, “intend”, “plan”, “anticipate”,
“believe”, “estimate”, “expect” and similar expressions are
intended to identify forward-looking statements. Such statements
reflect our current views with respect to future events and are
subject to such risks and uncertainties. Many factors could cause
our actual results to differ materially from the statements made,
including those factors discussed in filings made by us with the
Canadian securities regulatory authorities. Should one or more of
these risks and uncertainties, such actual results of current
exploration programs, the general risks associated with the mining
industry, the price of gold and other metals, currency and interest
rate fluctuations, increased competition and general economic and
market factors, occur or should assumptions underlying the forward
looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, or expected. We do not intend and do not assume any
obligation to update these forward-looking statements, except as
required by law. Shareholders are cautioned not to put undue
reliance on such 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.
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