SUDBURY, ONTARIO--(Marketwire -06/25/12)- Northern Superior Resources Inc. ("Northern Superior" or the "Company") (SUP.V) is pleased to announce the discovery of gold mineralization on its 100% owned New Growth Annex Property, located directly west of the Company's Ti-pa-haa-kaa-ning gold property in Northwestern Ontario. Gold mineralization is associated with a structure that has a minimum strike length of 1 km as defined by the diamond drilling program, prospecting, and a ground IP survey. It is important to note that the IP survey, distribution of anomalous gold grains, and gold-bearing boulders (up to 727 g/t gold, see press release December 7, 2011) define additional, high priority targets and structures on the property. This exploration program was completed with the support of Neskantaga First Nation under an Early Economic Benefits Agreement.
Dr. T.F. Morris, President and CEO of Northern Superior states: "To make such an important discovery so early in an exploration program is exciting and speaks to the potential of this property. Northern Superior has previously reported the discovery of mineralized boulders with anomalously high gold (up to 727 g/t gold, 111 g/t silver, 4.1% copper) and the head of an extensive (3.5 km wide) gold grain-in-till dispersal corridor (see press release December 7, 2011). Clearly this property represents a promising and exciting opportunity for Northern Superior shareholders."
This diamond drill program consisted of only 7 drill holes totalling 2,241 m. The drilling program focussed on and within an area where one of the 3 high gold grade boulders trains was discovered and numerous corresponding priority one IP anomalies were identified. There is an excellent correlation between the spatial location of the boulders reporting high gold grade, the ice flow direction, and the mafic intrusive unit hosting the quartz veins as intersected by diamond drilling. There is a clear resistivity signature along the IP pseudo sections on both sides of the mafic intrusive/quartz mineralized veins as intersected in the diamond drilling program (at least 400m striking NE and 600m striking SW).
The Company's Qualified Person ("QP") for the New Growth Annex gold property is Casey Hetman, P.Geo. As QP, Mr. Hetman has prepared or supervised the preparation of the scientific or technical information for this program and has verified the data disclosed in this press release.
About Northern Superior Resources Inc.
Northern Superior is a junior exploration company focused on exploring for gold in the Superior Province of the Canadian Shield. The Company is currently focused on exploring its Croteau Est property in Quebec. The Company has a number of 100% owned properties (see Company web site, www.nsuperior.com) in the Stull Wunnumin and Chibougamau gold districts that were identified and developed from the Company's extensive geoscientific data base and from which additional gold exploration projects are being generated. The Company is currently seeking to option-out a number of these properties.
Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Quebec, and trades on the TSX Venture Exchange under the symbol SUP.
Forward looking statements: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act or 1995 (collectively, "forward looking statements"). Forward looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved or other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, exploration results, interpretation of results, the timing and success of exploration activities generally, the timing and results of future resource estimates, and future plans and objectives of Northern Superior are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Northern Superior's expectations include exploration risks, changes in project parameters as plans continue to be refined, results of future resources estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.