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sup.v
Northern Superior Resources Inc
V: SUP.V
-0.01 (-1.11%)
0.89
USD
At close at Jun 21, 24:37 UTC
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Northern Superior Resources Inc. Reports Significant Gold Discoveries at Philibert Property in Quebec

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Cashu
about 1 month ago
Cashu TLDR
  • Northern Superior Resources Inc. reports significant gold discoveries at Philibert, enhancing its resource profile in Quebec.
  • Notable drill results include 2.48 g/t over 18.0 metres and new mineralized corridors, indicating potential resource expansion.
  • The company emphasizes sustainable practices in exploration, aligning with industry standards and boosting stakeholder confidence.
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SUP.V
Northern Superior Resources Inc
-1.11%

Northern Superior Resources Inc. Unveils Promising Discoveries at Philibert Gold Property

Northern Superior Resources Inc. advances its exploration agenda with substantial discoveries from its ongoing 20,000-metre drilling campaign at the Philibert gold property in Quebec. Located just 9 km from IAMGOLD Corporation's Nelligan project, these findings may significantly enhance the company's resource profile. Among the notable results, drill hole PB-25-484 uncovers a new mineralized zone south of the current resource, presenting an impressive 2.48 grams per tonne (g/t) gold over 18.0 metres. This section includes a high-grade interval of 7.02 g/t Au over 4.9 metres, indicating the potential for richer deposits in the area.

The drilling results do not stop there; hole PB-25-480 reveals 0.70 g/t Au over 50.3 metres, with a noteworthy 13.3-metre segment yielding 1.47 g/t Au. These findings suggest a newly identified mineralized corridor extending 400 metres, which lays the groundwork for potential resource expansion beyond the existing estimates of 1.71 million ounces inferred at 1.1 g/t and 279,000 ounces indicated at 1.1 g/t. Simon Marcotte, CEO of Northern Superior, underscores the significance of these discoveries, highlighting the opportunities for underground resource development and the potential to enhance the overall resource base.

Vice President of Exploration Adree DeLazzer speaks to the broader implications of these discoveries, indicating that they not only confirm the mineral wealth of the area but also pave the way for future drilling and resource enhancement initiatives. The drilling campaign has also identified additional significant mineralization in the Fennec Fox and Grey Fox zones, further affirming the richness of the Philibert property. As the exploration efforts continue to yield promising results, Northern Superior positions itself strongly in the competitive landscape of gold exploration, with the Philibert property emerging as a key asset.

In addition to the encouraging drilling results, Northern Superior Resources Inc. emphasizes its commitment to sustainable practices in its exploration efforts. The company remains focused on minimizing environmental impacts while maximizing the potential of its assets. This responsible approach not only aligns with industry standards but also enhances stakeholder confidence in the company’s long-term viability.

The ongoing exploration at Philibert reflects Northern Superior's strategic emphasis on expanding its resource base and enhancing its competitive edge in the mining sector. With each new discovery, the company solidifies its position as a promising entity in gold exploration, poised for future growth.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

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