Welcome to our dedicated page for Northern Superior Res news (Ticker: NSUPF), a resource for investors and traders seeking the latest updates and insights on Northern Superior Res stock.
Northern Superior Resources Inc. (NSUPF) maintains this comprehensive news hub for stakeholders tracking gold exploration developments in Québec's Chibougamau Camp. Access verified updates on drilling results, resource estimates, and strategic initiatives from this TSX Venture-listed explorer.
This curated collection provides investors with essential updates on flagship projects including Philibert and Lac Surprise, alongside corporate developments impacting the company's growth trajectory. All content undergoes strict verification to ensure compliance with NI 43-101 standards and financial reporting requirements.
Key updates cover resource expansion progress, technical committee insights, and regional exploration strategies. Regular announcements detail metallurgical testing outcomes, land package expansions, and operational milestones critical for assessing the company's market position.
Bookmark this page for direct access to Northern Superior's official communications, including quarterly exploration summaries and material change disclosures. Combine these updates with our historical data repository for complete analysis of the company's evolving exploration portfolio.
Northern Superior Resources has expanded its non-brokered private placement to C$6,650,930. This includes C$3,321,417 from flow-through common shares, C$1,963,583 from charity flow-through shares, and C$1,365,929 from hard dollar investments. Participation includes four new directors and the Cree Nation of Waswanipi. New Gold Inc. has also increased its funding commitment to maintain a 9.9% stake. The company anticipates a cash balance of over C$12 million post-offering, supporting aggressive exploration in 2022 across key properties.
Northern Superior Resources (OTCQB: NSUPF) has announced an increase in its non-brokered private placement, securing C$6.5 million in investments. The offering includes C$3.32 million through the issuance of flow-through common shares and C$1.96 million in charity flow-through shares, alongside C$1.21 million in hard dollar investments. Proceeds will fund Canadian Exploration Expenses on gold projects in Québec. The company anticipates having over C$12 million post-financing for aggressive exploration in 2022, with closing expected by November 30, 2021.
Northern Superior Resources (OTCQB:NSUPF) has increased its non-brokered private placement to $5.0 million. This includes C$3,299,321 from the issuance of 3,665,912 flow-through shares at $0.90 each and C$1,700,679.72 from 1,441,254 charity flow-through shares at $1.18 each. New Gold Inc. will maintain its 9.99% ownership stake. The offering is expected to close by November 18, 2021, pending regulatory approvals.
Northern Superior Resources (OTCQB:NSUPF) has announced a non-brokered private placement totaling C$3,000,000. This offering will involve the sale of flow-through common shares priced at $0.90 for Quebec FT Shares and $1.18 for Quebec Charity FT Shares. Proceeds will finance Canadian Exploration Expenses on gold projects in Quebec, particularly Lac Surprise and Croteau Est. The closing is expected by December 14, 2021 and is subject to regulatory approvals.
Northern Superior Resources has appointed Rodney Barber as Vice President Exploration, enhancing its exploration capabilities with over 35 years of experience. Joining him are Donald Boucher and Michel LeBlanc, bringing a combined 110 years in geological expertise. The team aims to advance exploration programs in Ontario and Quebec, focusing on projects like Ti-pa-haa-kaa-ning and Lac Surprise. The company's efforts are supported by Orix Geoscience for modeling services.
Northern Superior Resources (TSXV: SUP, OTCQB: NSUPF) has launched a 2,530m reverse circulation drilling program on its Croteau Est gold property in Quebec, aimed at extending its NI 43-101 compliant gold deposit of 640,000 ounces at 1.7 g/t. The program focuses on three key areas: analyzing lithogeochemistry, assessing economic targets beyond the CBSZ, and exploring geological extensions. The drilling program spans around 220 holes, targeting areas with anomalous gold signatures. CEO Dr. T.F. Morris expressed optimism about the program's potential to identify additional resources.
Northern Superior Resources announced promising results from 13 core drill holes at its Lac Surprise property, achieving a 100% intersection rate with the Falcon Gold Zone. Notably, the best intersection recorded was 1.10g/t Au and 1.93g/t Ag over 43.0m. The Falcon Gold Zone is confirmed over a 900m strike length, with strong vertical continuity. Future drilling will aim to extend the system further, particularly towards the Black Phoenix gold showing, which previously yielded samples of 19.9g/t Au. These findings enhance the company’s position in the gold market.
Northern Superior Resources (TSXV:SUP)(OCTQB:NSUPF) has announced plans for a 2,530m reverse circulation drill program to explore the northern and eastern extension of its CBSZ gold deposit, which currently includes an inferred resource of 640,000 ounces at 1.7 g/t gold. The drilling will cover a rectangular area of 600m by 1km, testing geological structures and mineralization potential beyond the currently defined resource. The RC program aims to enhance understanding of the distribution of lithological units and assess their economic viability.
Northern Superior Resources announced successful drilling results from the Falcon Gold Zone at its Lac Surprise property, extending the strike length from 450m to 650m. All six recently reported drill holes intersected the Falcon Zone, with hole LCS21-032 yielding the best intersection of 2.02g/t AuEq over 42.6m. This brings the total number of successful holes to 14 out of 26 in the current phase. The mineralization style indicates potential for high-grade gold zones, similar to the nearby Nelligan deposit. The company has also initiated drilling at Target 3, further exploring the property.
Northern Superior Resources (OCTQB:NSUPF) announced successful step-out drilling results from the Falcon Gold Zone at the Lac Surprise Gold property. The initial 8 holes of a 27-hole Phase II drill program all intersected significant mineralized intervals. Highlights include 40.0m at 1.391 g/t AuEq and 42.6m at 1.04 g/t AuEq. The strike length has been extended by 200m, now totaling 450m, with excellent vertical continuity noted. The company plans to explore regional potential further with approximately 4,000m of additional drilling.
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