Northern Superior Unveils Philibert Exploration Strategy

Toronto-based Northern Superior Resources Inc. (TSXV:SUP, OTCQX:NSUPF) has announced its exploration plans for the Philibert gold property near Chibougamau, Québec. The company, which holds a 75% interest in the project, aims to significantly expand its mineral resources over the next nine months.

The resource estimate from 2023 shows promising figures: 48.46 million tonnes inferred at 1.10 grams per tonne, totaling 1,708,800 ounces of gold, with indicated resources at 7.88 million tonnes averaging the same grade for an additional 278,920 ounces. This resource is located just 9 km from IAMGOLD's Nelligan project.

Northern Superior's $8 million in newly-secured financing will fund 20,000 metres of expansion drilling targeting both strike extensions and deeper mineralization. Noteworthy historic drill results indicate potential for significant new discoveries, especially 1.5 km southeast of the current resource, and 300 metres westwards along defined trends.

Additional efforts include sampling of historic drill cores and further metallurgical testing. The company also plans to explore underground potential and improve open-pit efficiency.