Currently viewing Global edition

Northern Superior claims Renard extension at Lac Surprise

Northern Superior Resources (TSXV:SUP) says it’s defined two new gold-bearing systems on its Lac Surprise property in Québec, describing one as an extension of the Renard gold trend from the adjoining Iamgold/Vanstar Nelligan property.
Northern Superior claims Renard extension at Lac Surprise Northern Superior claims Renard extension at Lac Surprise Northern Superior claims Renard extension at Lac Surprise Northern Superior claims Renard extension at Lac Surprise Northern Superior claims Renard extension at Lac Surprise

A 2014 trenching programme at Northern Superior Resources’ Lac Surprise project in Quebec

Staff reporter

"Defining a circa 750m extension of the Renard gold trend onto the Lac Surprise property from a limited drill programme is an excellent start," president and CEO Dr TF Morris said.

The company said a drilling highlight from the Épervier gold system was 15.15m at 1.54g/t gold from 277m, including 0.6m at 10.8g/t.

It had been "strongly encouraged" by Iamgold and Vanstar Mining Resources' October announcement of a maiden, inferred 3.2 million ounce resource for Nelligan, Northern Superior said in its latest MD&A.

It called the second system to the west Roi and Morris said multiple, geophysical and gold grain-defined targets warranted follow-up to the north and south of the discovery hole, which had hit 24.6m at 0.12g/t.

Northern Superior had working capital of about C$761,000 at September 30.

It has other properties in Quebec and Ontario including TPK, where it recently regained control after Yamana Gold opted out of an earn-in. 

Northern Superior shares have slid from C35c in January to a 52-week low of 7c last week.

They closed at 8.5c yesterday to capitalise it about $3 million (US$2.3 million).