Loading Northern Superior Resources


Corporate Strategy

Northern Superior is a junior mineral exploration company focussed on exploring for gold on the Canadian Shield, specifically within the provinces of Ontario and Québec. The Company identifies exploration opportunities from its vast geoscientific data base, advances them through to discovery, with the intention of ultimately optioning, joint venturing or selling the asset. Management has always taken the position of staking large tracks of ground where possible. This affords the opportunity to assess a potential mineralized system thoroughly, subsequently shedding any ground that is deemed barren and/or of no further interest to explore.

Northern Superior is currently focussed on developing two of its more advanced, and 100% owned key assets: (1) Croteau Est located in west- central Québec; and (2) Ti-pa- haa-kaa- ning (TPK) in northwestern Ontario.

Croteau Est is situated in one of Québec’s more important and historic mining camps, Chapais- Chibougamau. The property is a significantly large one as per Company strategy, measuring approximately 30km east to west by 10- 15km north to south. An inferred gold resource has already been defined on this property by Northern Superior: 640,000 ounces of gold (with a cut off of 1.0 g/ t Au, totaling 11.6 million tonnes grading 1.7ppm gold). An additional exploration target, ranging from 3.2 to 3.8 million tonnes, for a total of 122,000 to 270,000 ounces of gold, was also identified from mineralization, defined by single drill- hole intersections in the same deposit.

The inferred resource and exploration target were defined from only 64 drill holes (20,643m) over approximately 550m strike length (by 150m width). These both lie within a much larger system, open along strike (greater than 1.1 km) and at depth (longest hole 575m). In addition, prospecting and reverse circulation programs have also identified numerous opportunities elsewhere on the property to expand those ounces.

Given the excellent opportunity to demonstrate that additional ounces can be defined, the Company completed a flow through financing in Q4-2016 to support a two stage, C$1.95 million core drill program, initiated during the spring of 2017. The purpose of the first stage is to test the mineral potential of three specific areas, followed by a focused second stage on the most promising of these three areas. These programs are expected to be completed by Q3-2017.

Ti-pa-haa-kaa-ning (TPK) represents one of the most unique gold/silver/copper exploration opportunities held by any mineral exploration Company active in North America. Situated in northwestern Ontario, this large property (30 x 20km) contains two regional, robust and independent mineral systems: (1) a gold-bearing shear system (at least 24km long) extending from which is thought to be at least the second, if not largest gold grain-in- till dispersal apron (6km long ) in North America; and (2) a newly discovered greenstone belt, from which mineralized boulders were glacially dispersed, assaying as high as 727 g/t gold, 111 g/t silver and 4.05% copper.

Extensive prospecting, overburden sampling and various geophysical surveys have been completed over the property generally, which lead to the discovery of the Property’s two mineral systems. A limited amount of core drilling on both systems has established some of the lithological and structural controls for mineral emplacement associated with these targets. Over the eastern part of the gold- bearing shear system (1) where the gold grain-in- till apron has been defined, two reverse circulation (RC) drill programs were completed. Data derived from these RC programs provided an excellent bedrock map of this area (from the bedrock chips) and more importantly, defined specific core drill targets from the distribution and concentration of gold grains. None of these key targets have ever been tested.

Regarding the second mineralized system (2), an early, heavy snowfall in the fall of 2012 terminated the exploration prematurely. As such, mineral target definition is not complete in this area.

The Company is planning a two stage exploration program over the next 12 months. The first stage involves a prospecting program during Q3-2017, focused on the second mineralized system (2) with the intention of defining specific mineral targets. At the same time, the Company’s Rowlandson Lake camp will be upgraded to accommodate drill crews and geologists required for the second stage of exploration. The second stage exploration program will involve a core drilling program, testing key targets associated with the first (1) mineralized system sometime in Q1-2018.

The purpose(s) of these two programs is to further demonstrate the significant upside potential of both these systems.