Northern Superior Reports New Gold-Bearing Shear Zones and Showings, Grizzly Gold Property, West-Central Quebec
February 26 2014 - 7:00AM
Marketwired Canada
Northern Superior Resources Inc. (TSX VENTURE:SUP) ("Northern" or the "Company")
is pleased to report on its 2013 summer and fall exploration program and
preliminary data compilation at its Grizzly gold property in west-central Quebec
(Figure 1).
Highlights of this first phase of exploration include:
1) Discovery of the MD gold-bearing shear zone and affirmation of the Guettard
gold bearing shear zones with previously unreported grab samples of up to 25.30
g/t Au (Table1)(i); and
2) Discovery of three new gold showings, Grelon, Huitans and Dussault associated
with zones of hydrothermal alteration and mineralization (Figure 2).
----------------- ----------------- ----------------- -----------------
Sample # Au (g/t) Sample # Au (g/t) Sample # Au (g/t) Sample # Au (g/t)
----------------- ----------------- ----------------- -----------------
116116 25.30 116118 4.31 116117 2.72 116109 1.59
----------------- ----------------- ----------------- -----------------
116157 18.64 116154 4.02 116120 2.68 116153 1.56
----------------- ----------------- ----------------- -----------------
116122 12.96 116124 3.79 116114 2.39 116156 1.49
----------------- ----------------- ----------------- -----------------
116123 8.74 116158 3.65 116125 2.25 116155 1.14
----------------- ----------------- ----------------- -----------------
116121 5.76 116119 3.29 116115 1.88
----------------- ----------------- -----------------
Table 1: Grab samples greater than 1 g/t Au from quartz veins exposed in a
trench over the Guettard Nord shear zone(i).
(i)Grab samples collected by NSR's option partners prior to Option Agreement and
analyzed by Accurassay Laboratories.
A description for each of the gold- bearing shear zones and showings is
summarized on the Northern Superior's web site at www.nsuperior.com.
Dr. T.F. Morris President and CEO states: "Observations and results derived from
this first reconnaissance- style exploration program have demonstrated the
potential of the Grizzly property to host significant gold mineralization. The
next phase of exploration will include an airborne geophysical survey together
with trenching, additional prospecting, and mapping in advance of a first phase
drill program."
Northern Superior is currently in the first year of an option agreement to earn
a 100% interest in the Grizzly property (see press release, July 16, 2013). The
objective of the first phase prospecting and geological mapping program was to
enhance the understanding of the geology associated with the known gold
occurrences on the property and to identify additional gold mineralization. The
Grizzly property is located approximately 60 km west of Chapais (Figure 1), and
is accessible year-round from the Poste Abitibi service road by a series of
forestry roads, ATV trails, and Hydro Quebec power line corridors.
Northern Superior at the PDAC Convention
Northern Superior will once again be at the Prospectors and Developers
Association of Canada convention, being held at the Metro Toronto Convention
Centre, March 2nd -5th, 2014.
The Company's booth number is 3332. Management will be available to answer
questions from current and potential shareholders for all four days of the
convention.
About Northern Superior Resources Inc.
The Grizzly gold property is one of four mineral properties that Northern
Superior is currently exploring. The other three properties also represent
regional- scale exploration programs, either 100% owned and operated by Northern
Superior or Northern Superior having the right to earn a 100% interest in the
property. Exploration to date has identified numerous drill- ready targets for
gold, copper and silver on the Ti-pa-kaa-haa-ning property of northwestern
Ontario and gold on the Company's Croteau Est and Lac Surprise properties in
west-central Quebec.
The Company's Qualified Person ("QP") for the Grizzly property is Donald R.
Boucher, geo. As the QP, Mr. Boucher has prepared or supervised the preparation
of the scientific and technical information for this program and has verified
the data disclosed in this press release.
Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario
and Quebec, and trades on the TSX Venture Exchange under the symbol SUP.
For Investors
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.
To view Figures 1 and 2 please click the following link:
http://media3.marketwire.com/docs/SUPFig1-2.pdf
FOR FURTHER INFORMATION PLEASE CONTACT:
Northern Superior Resources Inc.
Thomas F. Morris PGeo., PhD., FGAC, ICD.D
President and CEO
(705) 525-0992
(705) 525-7701 (FAX)
info@nsuperior.com
www.nsuperior.com
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