The opportunity to unlock the district scale potential at TPK has never been better. The program for the first time since 2012 now has the committed financial resources necessary to properly test several key targets associated with both District scale mineralized systems (Big Dam and Annex) defined within the confines of the property. All these targets, five in the Big Dam area and three in the Annex area, were developed over a two year period through the careful evaluation of all high quality geoscientific data and the lessons learned from historic exploration programs. The program can move forward with confidence following the recent three year extension of the Early Exploration Benefits Agreement with the Company’s local stakeholder, Neskantaga First Nation.
Northern Superior is currently evaluating several options to effectively advance it’s two key, 100% owned Croteau Est and Lac Surprise projects. Both assets have significant discoveries already made on the properties and thus for a modest amount of capital ($1,000,000) each property has drill ready follow up targets to expand the existing footprint of mineralization at both Croteau Est and Lac Surprise. Although the Company has already received multiple indications of interest in the assets, Northern Superior may choose to advance one or both properties in a meaningful way on its own given the modest capital required and our view of the significant upside that exists at each asset which is not currently being reflected in our stock price.
Historically a project generator, Northern Superior will continue to build its geoscientific data base through acquiring and integrating any new publicly available data and all data generated through its own exploration activities.