Northern Superior Reports New Gold-Bearing Shear Zones and Showings, Grizzly Gold Property, West-Central Quebec
February 26 2014 - 8:00AM
Marketwired
Northern Superior Reports New Gold-Bearing Shear Zones and
Showings, Grizzly Gold Property, West-Central Quebec
SUDBURY, ONTARIO--(Marketwired - Feb 26, 2014) - 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 Québec (Figure 1).
Highlights of this first phase of exploration include:
1) Discovery of the MD gold-bearing shear zone and affirmation
of the Guêttard gold bearing shear zones with previously unreported
grab samples of up to 25.30 g/t Au (Table1)*; and
2) Discovery of three new gold showings, Grêlon, 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 >1 g/t Au from quartz veins exposed in
a trench over the Guêttard Nord shear zone*.
*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 Québec 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 Québec.
The Company's Qualified Person ("QP") for the Grizzly property
is Donald R. Boucher, géo. 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
Northern Superior Resources Inc.Thomas F. Morris PGeo., PhD.,
FGAC, ICD.DPresident and CEO(705) 525-0992(705)
525-7701info@nsuperior.comwww.nsuperior.com
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