Northern Superior Resources Inc. Expands Gold Portfolio with TomaGold Acquisition in Quebec
- Northern Superior Resources Inc. is acquiring Hazeur, Monster Lake East, and Monster Lake West properties from TomaGold Corporation.
- The company holds the largest land package in Chibougamau, enhancing its gold exploration opportunities.
- Northern Superior’s flagship Philibert property has significant inferred and indicated gold resources, reinforcing its market position.
Northern Superior Resources Expands Gold Portfolio in Quebec
Northern Superior Resources Inc. (TSXV: SUP, OTCQB: NSUPF, GR: D9M1) solidifies its position in the Quebec gold exploration landscape with the recent execution of a definitive asset purchase agreement with TomaGold Corporation. This agreement, which follows an initial binding term sheet dated June 16, 2025, enables Northern Superior to acquire the Hazeur, Monster Lake East, and Monster Lake West Properties in the promising Chibougamau Gold Camp. The company anticipates concluding the transaction as early as next week, further enhancing its already extensive land holdings in this resource-rich region.
With over 62,000 hectares, Northern Superior possesses the largest land package in the Chibougamau area, a strategic advantage that allows it to capitalize on gold exploration opportunities. The company’s flagship property, Philibert, boasts a maiden National Instrument 43-101 inferred resource of 48.5 million tonnes at a grade of 1.10 g/t Au, translating to approximately 1.71 million ounces of gold. Additionally, Philibert has an indicated resource of 7.9 million tonnes at the same grade, amounting to 278,900 ounces. This strong resource base underscores Northern Superior’s commitment to developing high-potential gold projects in Quebec.
Northern Superior's exploration efforts extend beyond Philibert, as evidenced by its Chevrier property, which contains inferred resources of 15.7 million tonnes at 1.29 g/t Au, equaling 652,000 ounces, along with indicated resources of 6.4 million tonnes at 1.26 g/t Au for an additional 260,000 ounces. The Croteau property also contributes to the company’s portfolio, featuring an inferred resource of 11.6 million tonnes. Collectively, these assets position Northern Superior as a key player in Quebec’s gold sector, bolstering its ability to attract partnerships and investments.
As Northern Superior moves forward with the acquisition of the Hazeur and Monster Lake properties, the company demonstrates its strategic focus on expanding its resource base in a region known for its rich geological potential. The ongoing exploration and development efforts signal a promising future for the company, as it aims to leverage its extensive land holdings to drive growth in gold production.
In summary, Northern Superior Resources Inc. continues to enhance its gold exploration portfolio through strategic acquisitions, positioning itself as a leading player in the Quebec gold market. The finalization of the TomaGold transaction is set to further strengthen its resource base and exploration capabilities.