Northern Superior to Redefine Inferred Resource, Focus on High Grade Shoots, Croteau Est Property, Québec
05 7월 2017 - 9:30PM
Northern Superior Resources Inc.
(“Northern Superior” or the “Company”) (TSXV:SUP),
reports that it will focus on redefining the inferred resource on
its 100% owned Croteau Est property, in Québec. The decision is
based on results from the Phase I drill program completed on the
property during Q1 of 2017 (see press release, May 9, 2017).
Northern Superior has allocated a budget of $1.2 million to
facilitate Phase II of the program, for approximately 8,000m of
core drilling.
Redefining the current inferred gold resource
originally reported on January 14, 2016, will require a detailed
evaluation of structural controls to determine and re-affirm
specific emplacement mechanisms and characteristics of the defined
high grade, gold-bearing shoots (orientation, dip and width) known
to occur within the Croteau Bouchard Shear Zone (“CBSZ”) (see press
release, November 3, 2014). This effort will include:
1) internal re-evaluation of all related
geoscience data including the determination of gold grade times
thickness intercepts (associated values ranging between 14.3 to
362.1, (refer to Table 1) from 19 core drill holes completed within
the central part of the CBSZ; 50m collar spacing over 600m); 2)
determination of structural orientation of quartz veins and
intrusive dykes that host high grade gold intercepts through an
optical televiewer survey; 3) determination of structural controls
and emplacement mechanisms of high- grade gold- bearing shoots
determined from a detailed, independent evaluation of all related
geoscientific data; and4) re-evaluation of the structural data will
also incorporate structural data from the trench mapping and
channel sample assay data derived from several trenches across the
CBSZ mineralization (Trenches: 01, 03, 04, 05; Table 2). This data
was excluded from the inferred resource determination, (see press
release, January 14, 2016), however, Northern feels that it has
great relevance in modelling the geometry of ore shoots that extend
from surface (Croteau Trench-05; see press release, November 3,
2014) to depths in excess of 535m vertical depth (drill hole
CRO12-54; Table 2).
Table 1: Gold Grade Times Thickness Data,
CBSZ
MINERALIZATION
INCLUDED FOR THE INFERRED RESOURCE
|
Drillhole |
Sample Interval |
Assay Value |
Length (m) |
grade x thickness |
From (m) |
To (m) |
(g/t Au) |
CRO11-01 |
41.1 |
45.5 |
3.7 |
4.4 |
16.2 |
CRO11-05 |
170.2 |
176.0 |
12.7 |
5.9 |
74.5 |
181.8 |
190.5 |
12.8 |
8.8 |
111.7 |
CRO11-06 |
15.6 |
18.0 |
9.6 |
2.5 |
23.6 |
28.0 |
34.0 |
4.6 |
6.0 |
27.5 |
CRO11-08 |
25.0 |
35.0 |
2.1 |
10.0 |
21.1 |
CRO12-10 |
90.8 |
110.3 |
8.2 |
19.6 |
159.5 |
CRO12-11 |
96.0 |
108.3 |
1.6 |
12.3 |
19.7 |
CRO12-21 |
59.2 |
59.7 |
32.4 |
0.5 |
16.2 |
CRO12-22 |
88.0 |
105.0 |
0.8 |
17.0 |
14.3 |
CRO12-29 |
171.2 |
181.4 |
3.4 |
10.2 |
34.2 |
CRO12-31 |
315.5 |
334.0 |
2.0 |
18.5 |
37.6 |
CRO12-34 |
160.3 |
168.5 |
3.4 |
8.2 |
28.1 |
181.0 |
188.1 |
2.0 |
7.1 |
14.3 |
221.7 |
233.2 |
5.8 |
11.5 |
66.0 |
236.0 |
250.2 |
3.3 |
14.2 |
46.6 |
CRO12-35 |
353.0 |
353.4 |
49.4 |
0.4 |
19.8 |
CRO12-38 |
206.0 |
215.4 |
2.6 |
9.4 |
24.1 |
220.0 |
243.0 |
0.8 |
23.0 |
19.1 |
CRO12-41 |
153.4 |
155.2 |
25.8 |
1.9 |
47.7 |
170.4 |
199.5 |
1.2 |
29.2 |
34.7 |
207.5 |
220.0 |
2.3 |
12.6 |
28.4 |
240.0 |
259.0 |
0.7 |
19.0 |
13.5 |
CRO12-42 |
276.5 |
278.2 |
8.7 |
1.8 |
15.2 |
CRO12-43 |
200.7 |
221.4 |
0.9 |
20.7 |
17.8 |
CRO12-46 |
241.2 |
246.0 |
75.4 |
4.8 |
362.1 |
CRO12-49 |
270.4 |
273.0 |
9.5 |
2.6 |
24.8 |
CRO12-64 |
251.0 |
252.0 |
18.85 |
1.0 |
18.9 |
n= 19 drillholes |
|
|
|
count |
28.0 |
|
|
|
|
min |
14.3 |
|
|
|
|
max |
362.1 |
Table 2: Assay Data Not Included in the
Inferred Resource
MINERALIZATION NOT INCLUDED IN THE INFERRED RESOURCE
|
Drillhole |
Sample Interval |
Assay Value |
Length (m) |
grade x thickness |
From (m) |
To (m) |
(g/t Au) |
CRO12-36 |
528.95 |
549.75 |
1.32 |
20.8 |
27.5 |
including |
540.25 |
549.75 |
2.43 |
9.5 |
23.1 |
CRO12-54 |
537.2 |
540.9 |
2.4 |
3.7 |
8.9 |
678.6 |
686.0 |
3.2 |
7.4 |
24.0 |
730.6 |
733.5 |
6.2 |
2.9 |
17.9 |
CRO15-69 |
69.85 |
70.85 |
17.5 |
1.0 |
17.5 |
CRO17-86 |
147.73 |
155.7 |
1.60 |
7.97 |
12.8 |
Trench |
|
|
Assay Value |
Length (m) |
grade x thickness |
|
|
|
(g/t Au) |
Trench 1 |
|
|
3.23 |
12.3 |
39.7 |
|
|
|
2.11 |
11.0 |
23.2 |
Trench 3 |
|
|
2.49 |
5.5 |
13.7 |
|
|
|
14.37 |
7.5 |
107.8 |
Trench 4 |
|
|
0.412 |
5.75 |
2.4 |
Trench 5 |
|
6.26 |
3.9 |
24.4 |
1.59 |
4.85 |
7.7 |
8.49 |
5.7 |
48.4 |
2.33 |
3.5 |
8.2 |
4.87 |
2.9 |
14.1 |
Dr. T.F. Morris, President and CEO of Northern
Superior states: “There is far more opportunity to realize
additional ounces of gold associated with the CBSZ by focussing on
the high grade gold shoots than by considering the deposit as a
whole, which presented a relatively low grade, open pit model.
Focusing on the high grade, gold-bearing shoots presents an
opportunity to consider an underground mining operation,
which is more in keeping with most gold mining operations
associated with Abitibi-related gold mines such as the Sage Gold
Inc., Clavos Deposit, the Integra Gold Corp, Lamaque Gold deposit
and the Osisko Mining, Windfall Lake Deposit. This re-evaluation
would not exclude some consideration for limited open pit
development where appropriate. Once the additional structural
information is compiled, this data will be used to target and
determine the down-strike and plunge continuity of high grade
mineralized shoots. An 8,000m core drill program will then be
applied in the latter part of 2017. We look forward to reporting
our findings prior to commencement of the core drill program.”
About Northern Superior Resources
Inc.Northern Superior is a reporting issuer in British
Columbia, Alberta, Ontario and Québec, and trades on the TSX
Venture Exchange under the symbol SUP. The Company is currently
focused on exploring its 100% owned Croteau Est (Québec) and
Ti-pahaa-kaa-ning (Northwestern Ontario) properties. Northern
Superior is currently looking to option out its other 100% owned
mineral properties in Québec and Northwestern Ontario.
Qualified PersonThe Company’s
Qualified Person (“QP”) for the Croteau Est property is Ron Avery
(P.Geo.). As the QP for the Croteau Est project, Mr. Avery has
approved information disclosed in this press release.
Cautionary Note Regarding
Forward-Looking Statements
This Press Release contains forward-looking
statements that involve risks and uncertainties, which may cause
actual results to differ materially from the statements made. When
used in this document, the words “may”, “would”, “could”, “will”,
“intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and
similar expressions are intended to identify forward-looking
statements. Such statements reflect our current views with respect
to future events and are subject to such risks and uncertainties.
Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in
filings made by us with the Canadian securities regulatory
authorities. Should one or more of these risks and uncertainties,
such actual results of current exploration programs, the general
risks associated with the mining industry, the price of gold and
other metals, currency and interest rate fluctuations, increased
competition and general economic and market factors, occur or
should assumptions underlying the forward looking statements prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, or expected. We do not
intend and do not assume any obligation to update these
forward-looking statements, except as required by law. Shareholders
are cautioned not to put undue reliance on such 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.
For further information please visit the Company’s website at www.nsuperior.com or contact:
Thomas F. Morris P.Geo., PhD., FGAC
President and CEO
Tel: (705) 525 ‐0992
Fax: (705) 525 ‐7701
e‐mail: info@nsuperior.com
www.nsuperior.com
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