Sudbury, Ontario (February 25, 2010) Northern Superior Resources Inc. (“Northern Superior” or the “Company”) is pleased to announce the initiation of its 2010 diamond drill and ground geophysics programs on its Wachigabau Gold property, Quebec. This drill program will test two zones with gold assay values from historical drill holes which include values of 10.12 g Au/ t over 1.0 m, 5.7 g Au/ t over 3.2 m in one zone and 10.3 g Au/ t over 0.4 m in the other. The ground geophysical portion of the program include magnetic and induced polarization over target areas selected based on gold intersections in historical diamond drill holes.
Dr. T.F. Morris, President and CEO states: “The Company is pleased to initiate this drill program in an area with such reported high gold assay values. This drilling program is based on the completion of two exploration programs during 2009, coupled with the compilation of all associated assessment data filed with the Quebec Government.”
The drill program will consist of 4 holes, each approximately 200 m long. 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 Company’s web site for layout of grids). These areas were selected based on historical diamond drill hole intersections either on the property or along strike on adjacent claims. These surveys will complement 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 under 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, having already paid $25,000 cash and issued 100,000 shares and 100,000 share purchase warrants to Matamec under the agreement. In addition, Northern Superior will have already spent the $500,000 it is committed to spend on the property over three years. Once Northern Superior has exercised its option, 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.
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:
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 Constantine 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 Constantine’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.