Northern Superior Resources Lac Surprise Gold Property: an Excellent Opportunity in the Chibougamau-Chapais Gold Camp, West- Central Quebec
SUDBURY, ONTARIO--(Marketwired - Jan 27, 2014) - Northern Superior Resources ("Northern" or the "Company") (TSX VENTURE:SUP) is taking this opportunity to highlight its 100% owned Lac Surprise gold property in west central Québec in light of the recent surge in exploration and associated discoveries announced by Northern Superior (Croteau Est), Toma Gold/Iamgold (Monster Lake), Vanstar (Nelligan), Stellar AfricaGold and SOQUEM (MOP II) (Figure 1). The Lac Surprise gold property is located within the Chibougamau-Chapais gold camp, one of Québec's established and more important gold camps.
There are six excellent gold targets identified on the Lac Surprise property from previous exploration programs. Four of these targets are associated with gold grain and gold geochemical-in-till dispersal trains. The other two targets are associated with separate, broad areas of gold grain and gold geochemical-in-till anomalies (Figure 2).
The four gold grain-in-till dispersal trains are associated with the east-west trending Opawaica-Guercheville Deformation Zone (OGDZ; Figure 3), extending 11 km across the northern part of the Lac Surprise property as defined from Northern Superior's high resolution airborne magnetic survey(Figure 2). This deformation zone hosts several gold occurrences (Philibert, Meston Lake, and Fenton), new gold discoveries (Nelligan), past-producing mines (Joe Mann: one of the most significant gold producers in the Chibougamau-Chapais mining camp; Lac Shortt) and the producing Bachelor Lake mine.
The other two gold exploration targets are associated with zones of structural complexity as defined from the Company's high resolution airborne magnetic survey. These zones may be associated with subsidiary shears extending off the main OGDZ (Figures 2, 3), representing high priority targets areas for gold exploration.
Dr. T.F. Morris President and CEO states: "The potential value of the Company's Lac Surprise gold property has only been exemplified by the recent discoveries and exploration activity directly to the east of the Lac Surprise property. Four of the six gold exploration targets are clearly defined by anomalous and robust overburden gold grain and geochemical-in-till anomalies extending down-ice of the OGDZ. There is excellent potential for the definition of additional targets along the OGDZ structure which extends 11 km across the Lac Surprise property and is largely unexplored.
The Lac Surprise gold property is one of four mineral properties that Northern Superior is currently exploring. The other three properties also represent regional scale exploration programs, 100% owned and operated by Northern Superior. Exploration to date has identified numerous drill-ready targets for gold, copper and silver on the Ti-pa-kaa-haa-ning (TPK) property of northwestern Ontario and gold on the Company's Croteau Est property in west- central Quebec.
The Company's Qualified Person ("QP") for the Lac Surprise property is Scott Parsons (MSc., MBA, P.Geo.). As the QP, Mr. Parsons has prepared or supervised the preparation of the scientific and technical information for this program and has verified the data disclosed in this press release.
To view Figures 1, 2 and 3 please click on the following link: http://file.marketwire.com/release/SUP0124.pdf
About Northern Superior Resources Inc.
Northern Superior is a well-funded junior exploration company exploring for gold in the Superior Province of the Canadian Shield, specifically in the Provinces of Québec and Ontario (see Company web site, www.nsuperior.com) in the Stull-Wunnumin and Chibougamau- Chapais gold districts. Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP. For further information contact:
For Investors
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.
Contact
Northern Superior Resources Inc.
Thomas F. Morris P.Geo., PhD., ICD.D, FGAC
President and CEO
(705) 525-0992
(705) 525-7701
info@nsuperior.com
www.nsuperior.com