Introduction
Northern Superior Resources is a junior exploration company focused on exploring for gold in the provinces of Ontario and Quebec. The company is well-positioned for what many perceive as a positive change in the commodity markets later in 2019 by a) actively core-drilling two key projects, with the assistance of a strong strategic partner in Yamana Gold Inc. on the company’s 100-per cent owned TPK property; b) having a portfolio of world- class exploration projects with the proven ability to generate more; and c) being very well-managed with $1.8 million in capital and a tight share structure (35,126,689 outstanding shares).
Actively drilling two key mineral properties
Through the acquisition of a key strategic partner in Yamana Gold Inc., committed to spending $2 million through 2019, and the company raising $1 million in Quebec super-flow through funds over Christmas 2018, Northern Superior will be actively drilling on two of its key properties through 2019: TPK (northwestern Ontario) and Lac Surprise (west- central Québec).
The TPK property represents a truly unique opportunity, with two regional scale mineralized systems contained within the boundaries of the property (Big Dam – New Growth, primarily gold; Annex, gold-silver-copper). Given the size of both systems, procuring a strategic partner was necessary in order to provide the necessary funding and sustained effort required to identify and develop mineral deposits that we are confident exist. The purpose of the 2019 spring core drill program is to identify those structures (and there are many) that have the best potential to host economic grade material within the Big Dam area of the property.
The northern part of the Lac Surprise property is essentially a westward extension of the gold-bearing lithologies and structures associated with the adjoining IAMGOLD Nelligan property, tied onto the northeastern part of the Lac Surprise property. The Nelligan property is currently being drilled by IAMGOLD as they work to develop a resource there. Exploration work in the southern part of this property has also proven the existence of additional gold-bearing structures, making this property a truly exciting opportunity for Northern Superior shareholders.
Project generator
Northern Superior has always been regarded as a project generator. Aside from the two projects highlighted, the company has a portfolio of outstanding mineral properties. This includes the Croteau Est property with a defined resource of 640,000 ounces gold (11.6 million tonnes, grade of 1.7). This system is open along strike in both directions and depth, with the location and extension of multiple high-grade structures defined. The company is seeking a strategic partner for this property, as well as its other highly prospective mineral properties.
With almost a terabyte of geoscientific data covering all of Canada and the northern United States, the company has the proven capability of generating projects as required – in almost any commodity. An example of such a property is the company’s 100-per cent owned Wapistan property, located in the James Bay Lowlands of Quebec. This multi- commodity property has several showings already defined, and from a limited, low-budget exploration program completed last fall, four additional showings were discovered.
Corporate
The company is fortunate to have an exceptionally experienced and successful group of people managing the company and running its exploration programs. The board of directors and management team consists of a well-balanced mix of financial and technical people with a strong track record of success in the junior exploration space.
Financially, the company is in good shape with $1.8 million in the bank: $1 million in Quebec flow-through dollars and approximately $800,000 in hard dollars. The company undertook a painful but obvious and necessary consolidation of its shares at the end of 2018.
Summary
Northern Superior Resources is in excellent shape and represents a great investment opportunity. The future looks very positive for the company, and we look forward to sharing the success of the company as it progresses through 2019 into 2020 and beyond.
For more detailed information regarding the company and its mineral properties, please visit www.nsuperior.com.
