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 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.
Northern Superior Resources has announced an expansion of its core drill program at the 100% owned Lac Surprise property from 10,000 meters to a minimum of 13,000 meters. The updated program includes Stage 1 (8,000m) to further explore the Falcon Gold Zone and Stage 2 (5,000m) targeting three additional gold prospects: Target 3, the Fox Gold showing, and the Confluence Area. Drilling has commenced with the goal of expanding gold mineralization understanding in alignment with the neighboring Nelligan gold deposit, which has an inferred resource of 3.2 million ounces.
Northern Superior Resources (OTCQB: NSUPF) has initiated a 10,000 meter core drill program at its Lac Surprise gold property in Québec, following the success of Phase I which uncovered the Falcon Gold Zone.
This program aims to extend the Falcon Zone's current 200m strike length to possibly 1km and explore new targets. The first 5,000 meters will focus on defining the Falcon Zone, while the second half targets compelling alteration zones and areas with significant gold grain dispersal.
Northern Superior Resources Inc. (NSUPF) has announced an increase in the minimum offering of its private placement financing from C$1.5 million to C$3 million due to high demand. The original terms of the offering remain unchanged. Northern Superior is focused on gold exploration in the Superior Province of the Canadian Shield, with properties in Québec and Ontario, including Lac Surprise, Croteau Est, and Wapistan. The company aims to utilize the raised funds to further its exploration initiatives.
Northern Superior Resources (OCTQB: NSUPF) has launched a 5,000-meter core drill program at its 100% owned Lac Surprise gold property in Quebec, aiming to explore potential extensions of the Nelligan gold deposit. The drilling, budgeted at $800,000, consists of 14 holes targeting three areas. Previously raised $2 million in charitable flow-through financing will support the program. The Lac Surprise property covers 275 mineral claims over 15,000 hectares and is situated within a historic mining camp. Results from the drilling will be shared with shareholders as they become available.