Northern Superior's ONGold Acquires Key Gold Projects in Manitoba

Northern Superior Resources Inc. announced that ONGold Resources Ltd., in which it holds a 72% stake, has agreed to acquire 100% ownership of the Monument Bay and Domain Gold Projects in Manitoba. This acquisition from Agnico Eagle Mines Limited and Capella Minerals Ltd. involves an initial aggregate of $250,000 in cash and 8.7 million ONGold shares, valuing the transaction at approximately $4.5 million. The projects are set to strengthen ONGold's exploration footprint and offer significant potential for resource development.

Located near the Ontario-Manitoba border, Monument Bay is an advanced exploration asset. With over 232,000 metres drilled, it has historic resource estimates, which are to be updated to comply with current standards. ONGold aims to leverage existing infrastructure and technical expertise to enhance exploration at both Monument Bay and the adjacent Rapson Bay project. The acquisition aligns with ONGold's strategy in the Stull Lake Greenstone belt, enhancing its position in Northern Canada.