Northern Superior Identifies Additional Exploration Targets, Grizzly Property, West-Central Quebec
April 29 2014 - 8:30AM
Marketwired
Northern Superior Identifies Additional Exploration Targets,
Grizzly Property, West-Central Quebec
SUDBURY, ONTARIO--(Marketwired - Apr 29, 2014) - Northern
Superior Resources Inc. (TSX-VENTURE:SUP) (the "Company" or
"Northern Superior") is pleased to report that it has identified 4
additional exploration targets on its Grizzly Property,
west-central Quebec (see Figure 1). "Lac Porphyre-Sud" and "Bras
Pichamobi" represent volcanogenic massive sulphide (VMS) targets,
"Ruisseau Daladier-Nord" represents a magmatic nickel-copper +/-
platinum-group-element (Ni-Cu ± (PGE)) target, and "Lac Mahekan"
target represents a shear-hosted gold-copper (Au-Cu) target (see
Table 1).
Target Name |
Size |
Target |
Commodity |
Description |
Bras Pichamobi |
Regional |
VMS |
Zn-Ag-Cu-Au |
Felsic lapilli tuff and porphyritic rhyolite w/ sericite-chlorite
alteration, disseminated pyrite-pyrrhotite. Fuchsite alteration in
an E-W shear zone. |
Lac Porphyre-Sud |
Regional |
VMS |
Zn-Ag-Cu-Au |
14-DDH completed by Exploration Noranda Ltd, 1988 (GM49083) testing
geophysical conductors within a felsic volcanic unit. Highlights:
up to 6.5 g/t Ag over 23.5m in a zone of 50% pyrite, 1% pyrrhotite
in a matrix of rhyolite (DDH LP-88-10 from 67.40 to 90.90m). |
Lac Mahekan |
Local |
Shear-hosted Au-Cu |
Au-Cu |
Brecciated andesitic basalt with disseminated pyrite along a
decimetric chert horizon. |
Ruisseau Daladier-Nord |
Regional |
Magmatic Ni-Cu ± (PGE) |
Ni-Cu ± (PGE) |
Chip samples assayed upto 0.73 % Ni, 0.65% Cu, and 0.20% Co,
associated with a zone of "blebs, massive, and disseminated
pyrrhotite, chalcopyrite, pentlandite, and cobalt" from two
showings approximately 300m apart located along strike at the
contact between the gabbro and adjacent basalt. 6-DDH completed by
Tomiska Copper Mines, 1957 (GM7521B), intersected up to 0.92% Ni,
and 0.60% Cu over an interval of 10-feet (from 55 to 65 feet, in
"Hole No.4", collared in, and drilled down-dip of mineralization to
test extent at depth: averaging 0.61% Ni and 0.40% Cu over 75-feet
(length of the hole), ending in mineralization). PGE potential has
not been tested. |
Table 1: Summary of additional targets identified on the Grizzly
Property.
Two of the targets (Bras Pichamobi (Zn-Ag-Cu-Au) and Lac
Mahekan (Au-Cu)) were defined during a geologic and structural
mapping survey completed by the Ministère des Ressources naturelles
("MRN") Québec and published in its report titled "New Mineral
Exploration Targets: 2013 Geoscience Projects" (the "MRN Report").
An additional shear-hosted gold target, reported as the
"Icestorm Showing (Au)" was identified in this report
which corresponds to the "Grêlon Showing" that was discovered by
Northern Superior during the first phase of exploration on the
property in 2013 (see Press Release February 26, 2014).
The MRN Report highlights "new exploration targets of economic
interest that were identified during its 2013 geoscience projects".
The Grizzly Property and surrounding area were part of a mapping
and geologic compilation study completed by MRN geologist F.
Leclerc "Mapping and compilation - Lac Lamarck area,
Chapais-Chibougamau". The MRN Report can be accessed from:
ftp://ftp.mrn.gouv.qc.ca/Public/Bibliointer/Perio/1025647/2013.pdf.
Two additional targets (Lac Porphyre-Sud ((Zn-Ag-Cu-Au) and
Ruisseau Daladier-Nord (Ni-Cu ± (PGE)) were
identified by Northern Superior from a historical data compilation
exercise.
Dr. T.F. Morris President and CEO states: "The identification of
these additional targets on the Grizzly Property demonstrates that
favorable geologic and structural conditions exist to host multiple
styles of mineralization that are common to other areas of the
Chibougamau-Chapais camp. We look forward to advancing this project
and are currently in the process of planning for the next phase of
exploration".
About Northern Superior Resources Inc.
The Grizzly property is one of four mineral properties that
Northern Superior is currently exploring. The other three
properties (Lac Surprise, Croteau Est and Ti-pa-kaa-haa-ning ) 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 Scott R.G. Parsons (M.Sc., MBA, P.Geo.). As the QP, Mr. Parsons
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 Figure 1: Location of new targets, previously reported
showings, and historic showings Grizzly Property, Quebec, please
visit the following link:
http://media3.marketwire.com/docs/SUPmap1.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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