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Northern Superior Resources (TSXV: SUP) has released additional assay results from an ongoing 20,000 metre drill program being conducted at the Philibert gold property in the Chibougamau region of Quebec. Results released this morning are said to have filled in the geological model previously interpreted as being non-mineralized due to sparse historical drilling.
Highlights from the results include:
- PB-25-490: 11.99 g/t gold over 9.1 metres from a depth of 104.5 metres within the Corsac Fox Hanging Wall Zone
- Including 101.0 g/t gold over 1.0 metre
- PN-25-500: 0.94 g/t gold over 15.5 metres from a depth of 244.0 metres within the Corsac Fox Hanging Wall Zone
- Including 7.67 g/t gold over 1.5 metres
- PB-25-502: 0.73 g/t gold over 46.8 metres from a depth of 232.7 metres within the Corsac Fox Hanging Wall Zone
- Including 1.86 g/t gold over 9.5 metres
- PN-25-504: 1.83 g/t gold over 18.8 metres from a depth of 6.7 metres within the Arctic Fox Footwall Zone
- Including 3.02 g/t gold over 10.6 metres
- And 1.75 g/t gold over 65.0 metres from a depth of 94.5 metres within the Arctic Fox Footwall Zone
- Including 3.92 g/t gold over 17.4 metres
- PN-25-505: 1.29 g/t gold over 33.0 metres from a depth of 9.0 metres within the Arctic Fox Footwall Zone
- Including 5.71 g/t gold over 1.7 metres
Results released this morning were focused on testing the Corsac Fox Hanging Wall, where drilling occurred over a 750 metre strike length that previously had low drill density. Drilling here identified that mineralization within the Hanging Wall has a different style of mineralization relative to the footwall domain. Visible gold was frequently observed here, with the domain showing a strong nugget effect. The zone was characterized by high-grade vein-style gold and broader envelopes near the northern wall of the conceptual pit.
Notably, high grade mineralization was identified near surface, such as PB-25-504 which hit 18.8 metres of 1.83 g/t gold from a depth of just 6.7 metres within the Arctic Fox Footwall Zone. While PB-25-505 hit 1.29 g/t gold over 33.0 metres from a depth of just 9.0 metres, confirming the presence of continuous mineralization at the bedrock interface of the Arctic Fox Footwall. A follow-up program is being assembled to further investigate this high grade near surface mineralization to increase ounces within the resource pit while potentially adding an underground component to the resource.
“We are particularly encouraged by PB-25-504 (see Figure 3), which intersected mineralization right at the contact between the bedrock and overburden, just 4.7 metres vertically from surface-demonstrating the near-surface potential of this system. The continued success at the southeast pit, the recent deep high-grade hits, and now this new hanging wall mineralization, all underscore the potential to grow Philibert well beyond the current resource,” commented Simon Marcotte, CEO of Northern Superior Resources.
Northern Superior Resources last traded at $1.05 on the TSX Venture.
FULL DISCLOSURE: Northern Superior Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Northern Superior Resources on The Deep Dive, with The Deep Dive having full editorial control. This is not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
