Sudbury, Ontario (March 8th, 2010) Northern Superior Resources Inc. (“Northern Superior” or the “Company”) is pleased to announce that diamond drilling on it’s Wachigabau Gold property, Quebec, is complete. In addition, the grids required for the Company’s related geophysical programs are also completed and related geophysical surveys have been initiated (see press release, March 1st, 2010). Results from both programs will be released as soon as they are available.
The drill program consisted of four drill holes, each approximately 200 metres (m) long. The drill program was designed to test two zones with historical gold assay values. Zone 1 consists of gold assay values that include 10.12 g Au/t over 1.0m and 5.7 g Au/t over 3.2m. Zone 2 includes a gold assay value of 10.3 g Au/t over 0.4m.
Coupled with this drilling, a ground geophysical program consisting of induced polarization and magnetic surveys (approximately 57 line kilometers) will be completed over exploration grid areas “B”, “E”, “E-north, and “C-northwest” and “Bachelor Lake” (see press release, March 1st, 2010). These areas were selected based on historical diamond drill hole intersections either on the property or along strike on adjacent claims. These surveys will compliment exploration completed in these areas during 2009 and better define high quality drill targets planned for the third quarter of 2010.
The Wachigabau project is an option and joint venture agreement with Matamec Explorations Inc. (“Matamec”). Following this phase of exploration, Northern Superior will have earned-in on its 50% of all mineral rights on the property and the Company and Matamec will form a 50- 50 joint venture for all commodities on the property. IAMGOLD retains certain back-in rights on some of the claims. Northern Superior is the operator of the project.
Northern Superior Resources Inc. would also like to invite those attending the Toronto Prospectors and Developers Association meeting, March 9th- 10th 2010 to drop by the Company’s booth (2409B). Dr. T.F. Morris (President and CEO) and management will be present to discuss the Company’s exploration projects.
Thomas Hart (P.Geo.) is Northern Superior Resources Qualified Person for this project. As QP, he has prepared or supervised the preparation of the scientific or technical information for the Wachigabau property and has verified the data disclosed in this press release.
About Northern Superior
Northern Superior Resources Inc. is a junior exploration company focused on exploring for gold in the Superior Province of the Canadian Shield. The Company is a reporting issuer in British Columbia, Alberta, Ontario and Quebec, and trades on the TSX Venture Exchange under the symbol SUP. For further information contact:
Thomas F. Morris
President and CEO
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.