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. (OTCQB: NSUPF) generated frequent news as a gold exploration company focused on the Chibougamau Camp in Québec, Canada and, through its interest in ONGold Resources Ltd., on exploration assets in Northern Ontario and Manitoba. Company news releases describe how Northern Superior assembled a large land package in the Chibougamau Gold Camp and advanced projects such as Philibert, Hazeur, Lac Surprise, Chevrier, Croteau, Monster Lake East and Monster Lake West.
News for NSUPF has covered several key themes. Exploration updates have detailed drilling campaigns and assay results at the Philibert project, including intervals of gold mineralization in zones such as the Corsac Fox Hanging Wall and Arctic Fox Footwall, as well as historical and follow‑up work at the Hazeur property west of Philibert. Other releases have described land acquisitions, including the purchase of the Hazeur, Monster Lake East and Monster Lake West properties, which expanded Northern Superior’s land position and extended its control along regional structures in the Chibougamau Gold Camp.
Another major category of news involves corporate transactions. Northern Superior announced a definitive arrangement agreement under which IAMGOLD Corporation would acquire all of the issued and outstanding Northern Superior shares, along with a related distribution of ONGold Resources Ltd. shares to Northern Superior shareholders. Subsequent releases reported shareholder approval of the arrangement, court orders, and the closing of the transaction, after which Northern Superior became a wholly owned subsidiary of IAMGOLD and indicated that its shares will be delisted and that it will apply to cease to be a reporting issuer.
This news page allows readers to review the historical sequence of exploration results, property acquisitions and the corporate arrangement that reshaped Northern Superior’s status. Investors and researchers can use this archive to understand how the NSUPF story evolved from regional land consolidation and drilling to its acquisition by IAMGOLD.
Northern Superior Resources announced a significant new gold discovery at its Croteau Est property in Quebec, highlighted by drill results from winter programs.
The core drill hole CRO22_120 revealed a broad interval of 1.06 g/t Au over 26.3m, with higher grades of 1.928 g/t Au over 11.0m and 4.98 g/t Au over 3.0m. All eight drill holes intersected gold-bearing mineralization.
This discovery expands the existing 640,000 oz gold resource and identifies new targets, reinforcing the property's potential for further exploration and development.
Northern Superior Resources has successfully completed the acquisition of Genesis Metals Corp on July 13, 2022, enhancing its position as a leading gold exploration company. This strategic transaction consolidates two significant projects, Croteau Est and Chevrier, totaling approximately 1.295 million ounces of gold resources. The combined entity boasts a strong balance sheet with ~$12 million cash and the largest land position in the Chapais-Chibougamau Camp. Northern Superior plans aggressive exploration over the next year, aiming to leverage synergies from the acquisition.
Northern Superior Resources (OCTQB:NSUPF) has released assay data from its 2022 winter drill program at the 100% owned Lac Surprise property. The first seven of 13 core drill holes, totaling 5,418.3m, indicate successful expansion of the Falcon Gold Zone (FGZ), confirming gold mineralization at depths of up to 381.7m. Notably, Hole LCS22-058 recorded an impressive 5.19g/t Au over 3m. Additionally, potential higher-grade zones were identified, with encouraging findings at Target 1B. The FGZ remains open at depth, highlighting significant exploration potential.
Northern Superior Resources has announced a definitive arrangement to acquire Genesis Metals Corp. The acquisition, expected to close in July 2022, aims to create a leading gold exploration company with six projects in Québec and Ontario. This transaction will consolidate approximately 1.3 million ounces of gold in inferred resources and provide significant operational synergies. Genesis shareholders will receive 0.2304 shares of Northern Superior for each Genesis share, representing a 46.6% premium based on the share price on April 26, 2022.
Northern Superior Resources (OCTQB: NSUPF) announced significant results from its reverse circulation (RC) drill program on the Croteau Est property, which hosts an inferred resource of 640,000 ounces gold at 1.7 g/t Au. The expansion of the gold footprint area was confirmed with new gold targets identified, including gold assays of 0.21 g/t and 0.61 g/t. A 7-hole core drill program is set to test five targets, leveraging winter conditions for effective drilling. The company is also planning a summer bedrock mapping program to further explore gold potential.
Summary not available.
Northern Superior Resources reports significant findings from the first three drill holes of its 2022 drill program at the Lac Surprise property. The Falcon Gold Zone (FGZ) has been intersected at a vertical depth of 343m, extending the previous depth of 250m. The company emphasizes the 100% drill strike rate with 29 successful holes. The FGZ remains open at depth, indicating strong potential for higher-grade mineralization. With $12 million in cash, Northern Superior is fully funded for ongoing exploration.
Northern Superior Resources has launched a 15-hole core drill program totaling 6,650 meters at its 100% owned Lac Surprise property in Ontario. The program aims to expand the Falcon Gold Zone, which currently shows a 100% drill hole strike rate with notable intersections including 1.36 g/t Au over 40m. The objectives include testing strike extensions, increasing vertical continuity, and exploring potential parallel gold-bearing structures. The company is optimistic, holding over $12 million in cash for extensive exploration this year.
Northern Superior Resources has announced the initiation of the second phase of Reverse Circulation (RC) drilling at its Croteau Est property in Quebec, following promising results from the initial phase completed in Fall 2021. The Phase 1 drilling expanded the inferred gold resource to 640,000 ounces at 1.7 g/t Au. The new phase includes another 124 RC drill holes aimed at further gold footprint expansion. CEO Dr. T.F. Morris expresses optimism about the potential for additional gold ounces. Preliminary deeper core drill targets have also been defined for future exploration.
Northern Superior Resources has successfully acquired Kintivar Exploration Inc.'s Gaspard Nord mineral property, expanding its exploration potential in the Chapais-Chibougamau gold-copper camp. The 2.8 km2 Gaspard Nord property is strategically located next to Northern Superior's Lac Surprise property and is believed to host extensions of the Falcon Zone, which has shown promising gold-silver mineralization. The acquisition includes a 2% net smelter return royalty and is expected to enhance the company's exploration strategy with a $6M budget allocated for 2022.