Northern Superior Res Inc Stock Price, News & Analysis

Northern Superior Resources (NSUPF) announced significant results from its 20,000-metre expansion drilling campaign at the Philibert gold property in Quebec. Key discoveries include a new high-grade zone with 18.0 metres of 2.48 g/t Au including 4.9 metres of 7.02 g/t Au, and strong step-out results of 50.3 metres at 0.70 g/t Au including 13.3 metres of 1.47 g/t Au.

The drilling program revealed a new core area intersecting the Grey Fox and Fennec Fox FW zones along a 400-metre strike. All six holes are outside the current resource pit, which currently holds 1.71 million ounces at 1.1 g/t gold in the inferred category and 279,000 ounces at 1.1 g/t gold in the indicated category. The property is strategically located just 9 km from IAMGOLD's Nelligan project and 60 km southwest of Chibougamau, Quebec.

Northern Superior Resources, holding a 62% stake in ONGold Resources, announces key developments at the Monument Bay Gold Project. Paul Dunbar joins as Vice-President of Exploration, bringing nearly 40 years of geological expertise, particularly in gold resource evaluations.

The project update outlines six major objectives, including expanding geological understanding of gold and tungsten deposits, conducting Phase I Field Exploration, and performing comprehensive resource evaluation. Historical resources indicate 2.3 million gold ounces in Measured and Indicated categories (58.0 million tonnes at 1.24 g/t) and 720,000 gold ounces in Inferred category (24.4 million tonnes at 0.92 g/t).

Five new exploration targets have been identified, with priority areas including the Ankerite/Gold Pond area, AZ Zone/Central Zone area, and Monument Bay deposit west extension. The company aims to maximize resource expansion opportunities in these high-potential zones.

Northern Superior Resources (NSUPF) has announced significant results from its 20,000-metre expansion drilling campaign at the Philibert gold property in Quebec. Key findings include intersections of 1.94 g/t Au over 31.0 metres and 2.03 g/t Au over 19.7 metres below the current resource pit.

The drilling results outline a new core area with all holes intersecting the Grey Fox FW zone along a 150-metre strike and up to 200 metres vertically, remaining open along strike and at depth. These findings expand upon the current resource of 1,708,800 oz inferred and 278,900 oz indicated, both at 1.1 g/t.

The Philibert Project, located 9 km from IAMGOLD's Nelligan project and 60 km southwest of Chibougamau, is emerging as a cornerstone of the Chibougamau Gold Camp. Northern Superior owns 75% of the project, with an option to acquire the remaining 25% from SOQUEM for CAD$3.5 million.

Northern Superior Resources (NSUPF) has announced significant results from its 20,000-metre expansion drilling campaign at the Philibert gold property in Quebec. Key findings include high-grade intersections of 3.59 g/t Au over 7.7 metres located 800 metres east of the pit extent, and 2.89 g/t Au over 10.6 metres from under the resource pit.

The company has mobilized a second drill rig and completed approximately 13,000 metres of drilling, targeting the southeast extension and expansion of the Philibert pit. The current Mineral Resource at Philibert contains 1.7 million ounces inferred and 278,000 ounces indicated within a 3 km pit.

The Chibougamau Gold Camp, where Philibert is located, now hosts over 12 million ounces across various categories between IAMGOLD and Northern Superior. The project shows promising metallurgical results with flotation concentrate recoveries of up to 95.6%.

Northern Superior Resources (TSXV:SUP)(OTCQB:NSUPF) announced the return of its Board of Directors to its original size of seven members following the resignation of Mr. Francois Perron. This adjustment comes after the Board's temporary expansion to eight members with the recent appointment of Mr. Eric Desaulniers, who is the Founder, President and CEO of Nouveau Monde Graphite.

The current Board composition includes Victor Cantore (Executive Chairman), Simon Marcotte (President and CEO), Michael Gentile, Eric Desaulniers, Andrew Farncomb, Frank Guillemette, and Peter Damouni. The Executive Chairman acknowledged Perron's significant contributions to the company, highlighting his professionalism, insight, and integrity.

Northern Superior Resources announces that ONGold Resources, in which it holds a 62% stake, has completed the acquisition of the Monument Bay Gold Project and Domain Project in Manitoba from Agnico Eagle Mines and Capella Minerals. The transaction involves initial consideration of $250,000 in cash and 8.7 million ONGold shares valued at approximately $4.2 million, making Agnico Eagle a 15% shareholder in ONGold.

Monument Bay is an advanced-stage exploration asset with over 232,000 metres drilled in more than 800 diamond core holes. The project's historical resource estimate indicates 2.3 million Au oz in Measured & Indicated categories and 720,000 Au oz in Inferred category, though these estimates are no longer current under NI 43-101 standards.

Northern Superior Resources has announced that due to the ongoing Canadian postal strike, materials for its Annual General Meeting scheduled for December 19, 2024, are available on SEDAR+ and the company's website. Shareholders can access materials online or contact Katrina Damouni for electronic copies. The company detailed voting procedures for different shareholder categories and announced the granting of 424,946 Deferred Share Units to directors at $0.51 per share, vesting on November 28, 2025.

Northern Superior Resources announces that its 72%-owned subsidiary ONGold Resources has entered agreements to acquire 100% ownership of the Monument Bay Gold Project and Domain Project in Manitoba from Agnico Eagle Mines and Capella Minerals. The deal involves initial consideration of $250,000 in cash and 8.7 million ONGold shares valued at approximately $4.2 million, plus up to $22 million in milestone-based payments.

Monument Bay is an advanced-stage exploration asset with over 232,000 meters drilled in more than 800 diamond core holes. The project's most recent historical resource estimate (2017) identified 2.3 million Au oz at 1.24 g/t in Measured & Indicated categories and 720,000 Au oz at 0.92 g/t in Inferred category. Upon closing, Agnico Eagle will own 15% of ONGold, while Northern Superior's stake will be 62%.

Northern Superior Resources announced initial results from its 20,000-metre expansion drilling campaign at the Philibert gold property in Quebec. Key highlights include intersections of 2.60 g/t Au over 26.5 metres, including 4.55 g/t Au over 13.4 metres, located 200 metres southeast of the pit extent. Additional significant results include 1.86 g/t Au over 9.2 metres and 1.28 g/t Au over 13.2 metres from the Grey Fox zones. The drilling program aims to expand the current resource base, which includes 1.7M ounces of inferred and 278,900 ounces of indicated resources, both averaging 1.10 g/t Au.