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Northern Superior Defines Extensive Vertical Continuity and Extends Falcon Gold Zone Strike to 900m, Lac Surprise Property, Québec

SUDBURY, ON / ACCESSWIRE / August 17, 2021 / Northern Superior Resources ("Northern Superior" or the "Company") (TSXV:SUP)(OCTQB:NSUPF) is pleased to report…

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SUDBURY, ON / ACCESSWIRE / August 17, 2021 / Northern Superior Resources ("Northern Superior" or the "Company") (TSXV:SUP)(OCTQB:NSUPF) is pleased to report results from the last 13 core drill holes completed on Target 1 on the Company's large (20 x 15 km) 100% owned Lac Surprise property. Each of these 13 holes intersected the Falcon Gold Zone, representing a 100% intersection rate.

Vertical Continuity

Vertical and lateral continuity of the Falcon Gold Zone was proven and re-enforced from 6 of the 13 holes completed within the eastern part of Target 1 (Figure 1, Table 1). The best intersection from these 6 holes was 1.10g/t Au and 1.93g/t Ag over 43.0m (LCS21-43) between 95.0 and 138.0m. Two holes (LCS21-044 and 045: Table 1) were collared into the Falcon Gold Zone and as such, only a partial width of the Zone was achieved. However, they represent only a partial width and do not represent the potential grade over the whole zone at bedrock surface. Step-back holes will be required to fully appreciate the true grade of the upper part of the Falcon Zone at these sites.

As shown on Figure 1 and multiple sections now have 3-6 pierce points showing strong vertical continuity of approximately 250 meters.

Equally encouraging, the Falcon Gold System remains open at depth over the whole 900m strike length defined to date.

Figure 1. Vertical cross section illustrating the projected extension of the Falcon Gold Zone to surface. Section 1: LCS21-43, LCS19-005ext; Section 2: LCS21-029, BP17-05 ext, LCS20-013, LCS21-028, LCS21-045; and Section 3: LCS21-025, LCS21-24, LCS21-44 (see Figure 3 for collar locations).

Western Extension

These latest drill holes from Lac Surprise prove that the Falcon Zone is present across the entire 900m strike length tested to date. Notable holes from the Western Extension include: LCS21-035 (1.14g/t Au over 16.0m; 219.00-235.00m); LCS19-010ext (1.21g/t Au over 15.0m; 337.00-352.00m); LCS19-008 (1.10g/t Au over 22.0m; 274.00-296.00m); and LCS21-041 (1.16g/t Au over 11.5m; 228.50-240.00m). The Falcon Gold Zone's defining characteristics which include presence of silicification, sericitization, coarse clastic materials (wacke) and pyrite (primary material) are traced along the whole 900m of strike length defined to date.

The western end of the defined Falcon Gold Zone is thought to be disrupted or displaced by either a fold or fault as indicated by geophysical data and modelling (Figure 2). As such, although this zone may continue farther west it may be displaced northwest then west and on strike with the Black Phoenix gold showing from which a grab sample of quartz-tourmaline vein material assayed 19.9g/ t gold (Figure 2).

The presence of gold grains-in-till down-ice from the proposed western extension(s) of the Falcon Gold Zone indicate the presence of gold associated with this area. A more extensive gold grain-in-till signature exists down-ice from Target Area 1 (Figure 2).

Both the Western extension of the Falcon Zone beyond the current 900m of strike defined to date as well as extending the Falcon both to depth and continuing to better define the Falcon Zone to surface will be key areas of focus for future drilling.

Figure 2. The Falcon Gold Zone has been traced 900m west from the border of the Lac Surprise property. The system may continue west or displaced northwest towards the Black Phoenix gold showing (19.9g/t Au). Gold assay values for Target 1 are summarized in Table 1 (this press release), Northern Superior press releases July 6, 2021, November 5and December 22, 2020.

Target 1

The Falcon Gold Zone represents the key discovery within Target 1. This Gold Zone can be traced west over 900m from the eastern boundary of the property, on strike with Vanstar/ IAMGold's Nelligan, 3.2M ounces at 1.02 g/t Au Nelligan gold deposit*. Every hole from this year's core drill program intersected the Falcon Gold Zone over the 900m strike length (Figure 3) , emphasizing its' robust lateral continuity: a 100% strike rate (26/26 holes) with all holes intersecting gold mineralization values (see Table 1, Northern Superior press releases November 5 and December 22, 2020 and July 6, 2021). Multiple holes intersecting the Falcon Gold Zone from drill programs completed in 2019, 2020 and 2021 assayed over 1.00 g/t Au and include (east to west):

  • LCS21-027:

1.01g/t Au over 19.2m

249.00- 268.20m

  • LCS20-013:

1.02g/t Au over 35.5m

160.50- 196.00m

  • LCS21-029:

1.36g/t Au over 40.0m

273.00- 313.00m

  • LCS21-024:

1.03g/t Au over 42.6m

109.40- 152.00m

  • LCS19-005ext:

1.54g/t Au over 44.9m

293.50- 338.40m

  • LCS21-043:

1.10g/t Au over 43.0m

095.00- 138.00m

  • LCS21-031:

1.32g/t Au over 08.5m

295.50- 304.00m

  • LCS21-032:

1.99g/t Au over 42.6m

107.40- 150.00m

  • LCS21-035:

1.14g/t Au over 16.0m

219.00- 235.00m

  • LCS19-010ext :

1.21g/t Au over 15.0m

337.00- 352.00m

  • LCS19-008:

1.10g/t Au over 22.0m

274.00- 296.00m

  • LCS21-041:

1.16g/t Au over 11.5m

228.50- 240.00m

Figure 3. Highlighted drill intersections with gold values >1.0g/t Au, Falcon Gold Zone, Target Area 1.

Dr. T.F. Morris, President and CEO states: "We are extremely pleased with the latest drilling results and the entire Phase 1 Program on Target 1. The program has delivered a strike length of 900 m plus strong vertical continuity, including to surface. Importantly, the Falcon Gold Zone has emerged as being highly strategic, representing the western extension of neighboring Vanstar/ IAMGold 3.2M ounce (at 1.02 g/t Au) Nelligan gold deposit. This is an important and exciting development.

All core drill holes from this Target 1 drill program achieved a 100% intersection rate with many of the holes intersecting wide gold-bearing zones. This success rate clearly demonstrates the continuity of the Falcon Gold Zone both laterally and vertically. The system remains open to the west and at depth. We are particularly pleased with the potential of extending this system west another 5.70kms towards the Black Phoenix gold showing.

A series of sections and a data cube are presently being compiled for analysis, and we look forward to sharing the results from that exercise once complete. The modelling from this exercise will be important in defining the next phase of core drilling at Target 1.

The discovery and exploration of the Falcon Gold Zone is an important advancement of our understanding of the gold potential on a very small portion of this large property (20 kms x 15 kms), 100% owned by Northern Superior. We have completed additional drilling at Target 3 and the Fox Showing (see Corporate Presentation, www.nsuperior.com) and are looking forward to sharing those results as they become available."

Qualified Person

Michel Leblanc (P.Geo.) is a Qualified Person ("QP") within the meaning of National Instrument 43-101. Mr. Leblanc has reviewed, and approved information disclosed in this press release.

Note to readers: Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.

*Reference for IAMGOLD/Vanstar's Nelligan 3.2MM Inferred Gold Resource: "Carrier, Alain (M.Sc., P.Geo); Nadeau-Benoit, Vincent (P.Geo); Fauvre, Stéphane (PhD., P.Geo). October 22, 2019. NI 43-101 Technical Report and Initial Resource Estimate for the Nelligan Project, Québec, Canada."

About Northern Superior Resources Inc.

The Lac Surprise gold property is one of three key mineral properties 100% owned by Northern Superior. The Company's two other properties (TPK and Croteau Est) also represent regional scale exploration opportunities (see Northern Superior Corporate Presentation, www.nsuperior.com).

Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP, and the OTCQB Venture Market under the symbol NSUPF.

For Further Information

Please refer to Northern Superior news available on the Company's website (www.nsuperior.com) and on SEDAR (www.sedar.com) or contact:

Thomas F. Morris PhD., P.Geo., FGAC , ICD.D
President and CEO
Tel: (705) 525 ‐0992
Fax: (705) 525 ‐7701
e‐mail: info@nsuperior.com

Cautionary Note Regarding Forward-Looking Statements

This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the applicable securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such 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.

Table 1. Summary of gold and silver assay values, LCS21_036 to 47, LCS19_008 and 010.

LCS21-036:
Falcon Gold Zone
  LCS21-036:
Additional Gold Zone
  

From (m)

To
(m)

Length (m)

Au (g/t)

Ag (g/t)

From
(m)

To
(m)

Length (m)

Au (g/t)

Ag (g/t)

92.9

94

1.1

0.024

0.14

219.5

221

1.5

0.376

0.04

94

95.5

1.5

0.013

0.11

221

222.5

1.5

0.105

0.13

95.5

97

1.5

0.006

0.1

  

3

0.241

0.09

97

98.5

1.5

0.013

0.11

     

98.5

100

1.5

0.012

0.09

     

100

101.5

1.5

0.009

0.14

     

101.5

103

1.5

0.021

0.17

     

103

104.5

1.5

0.014

0.19

     

104.5

106

1.5

0.019

0.18

     

106

107.5

1.5

0.039

0.23

     

107.5

109

1.5

0.036

0.27

     

109

110.5

1.5

0.044

0.22

     

110.5

112

1.5

0.04

0.19

     

112

113.5

1.5

0.044

0.39

     

113.5

115

1.5

0.028

0.21

     

115

116.5

1.5

0.034

0.33

     

116.5

118

1.5

0.026

0.18

     

118

119

1

0.02

0.13

     

119

120

1

0.013

0.15

     

120

121

1

0.007

0.07

     

121

122.5

1.5

0.013

0.1

     

122.5

124

1.5

0.018

0.13

     

124

125.5

1.5

0.011

0.09

     

125.5

126.5

1

0.021

0.13

     

126.5

128

1.5

0.015

0.07

     

128

129.3

1.3

0.021

0.09

     

129.3

130

0.7

0.016

0.08

     
  

37.1

0.022

0.16

     
LCS21-037: Falcon Zone        

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

     

216.3

217

0.7

0.015

0.13

     

217

218.5

1.5

0.033

0.16

     

218.5

220

1.5

0.026

0.11

     

220

221.5

1.5

0.014

0.1

     

221.5

223

1.5

0.026

0.17

     

223

224

1

0.037

0.18

     

224

225

1

0.015

0.12

     

225

226

1

0.013

0.14

     

226

227

1

0.013

0.08

     

227

228

1

0.012

0.11

     

228

229

1

0.013

0.17

     

229

230

1

0.024

0.14

     

230

231

1

0.008

0.06

     

231

232

1

0.018

0.16

     

232

233

1

0.008

0.09

     

233

234

1

0.012

0.15

     

234

235

1

0.02

0.18

     

235

236

1

0.021

0.16

     

236

237

1

0.025

0.18

     

237

238

1

0.025

0.19

     

238

239

1

0.02

0.13

     

239

240

1

0.017

0.11

     

240

241

1

0.023

0.13

     

241

242

1

0.011

0.1

     
  

25.7

0.019

0.135

     
LCS21-038: Falcon Zone   Including    

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

100.4

101

0.6

0.034

0.08

114

115.5

1.5

0.596

0.12

101

102

1

0.028

0.07

115.5

116.5

1

0.232

0.09

102

102.5

0.5

0.029

0.07

116.5

118

1.5

0.109

0.09

102.5

103

0.5

0.013

0.14

  

4.0

0.320

0.10

103

104

1

0.02

0.09

     

104

105

1

0.039

0.11

     

105

106

1

0.036

0.12

     

106

107

1

0.034

0.11

     

107

108

1

0.045

0.12

     

108

109

1

0.028

0.13

     

109

110

1

0.032

0.1

     

110

111

1

0.045

0.09

     

111

112.2

1.2

0.053

0.11

     

112.2

113

0.8

0.038

0.12

     

113

114

1

0.053

0.14

     

114

115.5

1.5

0.052

0.09

     

115.5

116.5

1

0.596

0.12

     

116.5

118

1.5

0.232

0.09

     

118

119.5

1.5

0.109

0.09

     
  

19.1

0.088

0.10

     
LCS21-039: Falcon Zone        

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

     

134

135

1

0.153

0.28

     

135

136

1

0.061

0.48

     

136

137

1

0.519

1.52

     

137

138

1

0.206

1.16

     

138

139

1

0.183

1.01

     

139

140

1

0.195

0.99

     

140

141

1

0.287

1.25

     

141

142

1

0.072

0.61

     

142

143.25

1.25

0.202

1.54

     

143.25

144

0.75

0.225

1.23

     

144

145.5

1.5

0.02

0.66

     

145.5

147

1.5

0.018

0.94

     

147

148.5

1.5

0.103

0.93

     

148.5

150

1.5

0.129

0.32

     

150

151.5

1.5

0.127

0.18

     
  

17.5

0.154

0.84

     
LCS21-40:
Falcon Gold Zone
   LCS21-40:
Additional Gold Zone
  

From

To

Length

Au (g/t)

Ag (g/t)

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

85.2

86

0.8

0.01

0.09

150

151

1

0.222

0.98

86

87

1

0.008

0.08

151

152

1

2.69

3.14

87

88

1

0.007

0.09

152

153

1

0.399

1.45

88

89

1

0.012

0.13

153

154

1

0.58

1.76

89

90

1

0.01

0.13

154

155

1

0.286

1

90

91

1

0.01

0.12

155

156

1

0.151

1.18

91

92

1

0.009

0.13

156

157

1

0.099

0.78

92

93

1

0.013

0.15

157

157.9

0.9

0.348

2.54

93

94

1

0.014

0.17

  

7.9

0.600

1.59

94

95

1

0.016

0.16

     

95

96.1

1.1

0.008

0.12

     

96.1

97

0.9

0.012

0.08

     

97

98

1

0.01

0.11

     

98

99

1

0.029

0.09

     

99

100

1

0.016

0.19

     

100

101

1

0.01

0.13

     

101

102.15

1.15

0.012

0.16

     
  

16.95

0.012

0.126

     
LCS21-41: Falcon Gold Zone   Including    

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

228.5

229

0.5

0.518

0.7

232

232.5

0.5

2.45

2.17

229

229.5

0.5

0.983

0.43

232.5

233

0.5

4.32

2.94

229.5

230

0.5

1.44

3.09

233

233.5

0.5

1.91

3.53

230

230.5

0.5

1.445

1.06

  

1.5

2.893

2.88

230.5

231

0.5

0.708

0.83

     

231

231.5

0.5

0.368

1.3

     

231.5

232

0.5

0.275

1.01

     

232

232.5

0.5

2.45

2.17

     

232.5

233

0.5

4.32

2.94

     

233

233.5

0.5

1.91

3.53

     

233.5

234

0.5

0.611

1.86

     

234

234.5

0.5

0.435

1.89

     

234.5

235

0.5

0.472

1.08

     

235

235.5

0.5

1.085

1.3

     

235.5

236

0.5

0.601

1.33

     

236

236.5

0.5

0.501

0.76

     

236.5

237

0.5

1.465

1.1

     

237

237.5

0.5

0.253

1.47

     

237.5

238

0.5

2.46

2.46

     

238

238.5

0.5

0.619

1.71

     

238.5

239

0.5

1.41

1.75

     

239

239.5

0.5

1.77

4.35

     

239.5

240

0.5

0.613

2.4

     
  

11.5

1.161

1.76

     
LCS21-42: Falcon Gold Zone        

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

     

38.1

39

0.9

0.122

0.6

     

39

40

1

1.42

3.1

     

40

41

1

0.523

1.18

     

41

42

1

0.613

1.22

     

42

43

1

0.534

0.55

     

43

44

1

0.753

1.61

     

44

44.5

0.5

0.35

0.9

     

44.5

45

0.5

0.311

0.83

     

45

46

1

0.9

0.75

     

46

47

1

0.444

0.62

     

47

47.5

0.5

0.254

0.65

     

47.5

48

0.5

0.529

0.67

     

48

48.5

0.5

0.176

0.52

     

48.5

49

0.5

0.269

0.77

     

49

49.5

0.5

0.293

0.72

     

49.5

50

0.5

0.337

0.66

     

50

50.5

0.5

0.136

0.38

     

50.5

51

0.5

0.165

0.45

     

51

51.5

0.5

1.405

2.08

     

51.5

52

0.5

0.179

0.73

     

52

52.5

0.5

0.242

1.27

     

52.5

53.15

0.65

0.237

0.87

     

53.15

53.5

0.35

0.191

0.59

     

53.5

54

0.5

0.827

0.73

     

54

54.5

0.5

0.155

0.54

     

54.5

55

0.5

0.17

0.71

     

55

55.5

0.5

0.214

0.97

     

55.5

56

0.5

0.091

0.67

     

56

56.5

0.5

0.069

0.42

     

56.5

57

0.5

0.055

0.41

     

57

57.5

0.5

0.026

0.23

     

57.5

58

0.5

0.16

0.39

     

58

58.5

0.5

0.042

0.5

     

58.5

59

0.5

0.084

0.46

     

59

59.5

0.5

0.054

0.37

     

59.5

60

0.5

0.045

0.42

     

60

60.5

0.5

0.103

0.57

     

60.5

61

0.5

0.745

1.86

     

61

61.5

0.5

0.53

1.76

     

61.5

62

0.5

0.118

0.63

     

62

62.5

0.5

0.329

0.74

     

62.5

63

0.5

0.093

0.88

     

63

63.5

0.5

0.141

0.55

     

63.5

64

0.5

0.036

0.3

     

64

64.5

0.5

0.011

0.32

     

64.5

65

0.5

0.059

0.43

     

65

65.5

0.5

0.099

0.61

     

65.5

66

0.5

0.067

0.53

     

66

66.5

0.5

0.258

0.47

     

66.5

67

0.5

0.456

0.58

     

67

67.5

0.5

0.064

0.35

     

67.5

68

0.5

0.536

0.8

     

68

68.5

0.5

0.156

0.45

     

68.5

69

0.5

0.05

0.36

     

69

69.5

0.5

0.065

0.35

     

69.5

70

0.5

0.149

0.7

     

70

70.5

0.5

0.06

0.32

     

70.5

71

0.5

0.069

0.34

     

71

71.5

0.5

0.032

0.25

     

71.5

72

0.5

0.052

0.37

     

72

72.5

0.5

0.042

0.25

     

72.5

73

0.5

0.149

0.84

     

73

73.75

0.75

0.32

0.1

     

73.75

74

0.25

0.064

0.3

     

74

74.5

0.5

0.118

0.42

     

74.5

75

0.5

0.043

0.27

     

75

75.5

0.5

0.12

0.51

     

75.5

76

0.5

0.113

0.49

     

76

76.5

0.5

0.038

0.26

     

76.5

77

0.5

0.035

0.33

     

77

77.5

0.5

0.039

0.29

     

77.5

78

0.5

0.069

0.55

     

78

78.5

0.5

0.063

0.41

     

78.5

79

0.5

3.98

6.31

     

79

79.5

0.5

0.944

1.77

     

79.5

80

0.5

0.097

0.46

     

80

80.5

0.5

0.08

0.38

     

80.5

81

0.5

0.291

0.48

     

81

81.5

0.5

0.228

0.58

     
  

43.4

0.333

0.78

     
LCS21-43:
Falcon Gold Zone
   Including    

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

95

96

1

0.223

0.49

102

103.15

1.15

1.855

1.04

96

97

1

0.367

0.86

103.15

103.45

0.3

9.98

18.15

97

98

1

0.47

1.08

103.45

104

0.55

8.41

2.22

98

99

1

0.917

0.73

104

104.5

0.5

0.734

1.84

99

100

1

0.096

0.67

104.5

105

0.5

0.748

2.45

100

101

1

0.197

0.89

105

106

1

0.834

2.52

101

102

1

0.184

0.8

106

106.35

0.35

0.403

1.04

102

103.15

1.15

1.855

1.04

106.35

107.5

1.15

8.72

27.2

103.15

103.45

0.3

9.98

18.15

  

5.5

3.91

8.03

103.45

104

0.55

8.41

2.22

Including    

104

104.5

0.5

0.734

1.84

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

104.5

105

0.5

0.748

2.45

103.15

103.45

0.3

9.98

18.15

105

106

1

0.834

2.52

103.45

104

0.55

8.41

2.22

106

106.35

0.35

0.403

1.04

  

0.855

8.96

7.84

106.35

107.5

1.15

8.72

27.2

Including    

107.5

108

0.5

0.343

1.16

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

108

109

1

0.181

0.64

117

118

1

1.745

1.2

109

110

1

0.171

0.61

118

119

1

1.095

0.91

110

111

1

0.224

0.74

119

120

1

2.72

1.2

111

112

1

0.301

0.66

120

121

1

3.71

5.73

112

113

1

0.19

0.8

  

4.0

2.32

2.26

113

114

1

0.145

0.47

     

114

115

1

0.317

0.65

     

115

116

1

0.382

0.94

     

116

117

1

0.292

0.71

     

117

118

1

1.745

1.2

     

118

119

1

1.095

0.91

     

119

120

1

2.72

1.2

     

120

121

1

3.71

5.73

     

121

122

1

0.832

0.99

     

122

123

1

0.681

0.54

     

123

124

1

0.404

1.72

     

124

125

1

0.416

0.72

     

125

126

1

0.799

0.6

     

126

126.5

0.5

2.45

0.99

     

126.5

127

0.5

0.842

0.63

     

127

128

1

0.892

4.75

     

128

129

1

0.589

0.79

     

129

130

1

0.613

0.61

     

130

131

1

0.149

0.59

     

131

132

1

0.082

0.37

     

132

133

1

0.199

0.45

     

133

134

1

0.504

0.69

     

134

135

1

2.53

2.6

     

135

136

1

1.03

1.28

     

136

137

1

0.164

0.46

     

137

138

1

0.133

0.24

     
  

43

1.099

1.95

     
LCS21-044:
Falcon Gold Zone
       

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

     

26

27

1

0.91

0.59

     

27

28

1

0.737

0.24

     

28

29

1

0.127

0.32

     

29

30

1

0.054

0.29

     

30

31

1

1.14

0.26

     

31

32

1

0.128

0.26

     

32

33

1

0.065

0.33

     

33

34

1

0.424

0.44

     

34

35

1

0.309

0.5

     

35

36

1

0.457

1.19

     

36

37

1

0.174

0.58

     

37

38

1

0.112

0.5

     

38

39

1

0.556

1.48

     

39

40

1

0.353

1.14

     

40

41

1

0.133

0.6

     

41

42

1

0.256

0.73

     

42

43

1

0.084

0.52

     

43

44

1

0.706

1.51

     

44

45

1

0.239

0.68

     

45

46

1

0.282

0.78

     

46

47

1

0.576

1.41

     

47

48

1

0.569

1.26

     

48

49

1

0.503

0.77

     

49

50

1

0.041

0.6

     

50

51

1

0.084

0.8

     

51

51.75

0.75

0.065

0.74

     

51.75

52.2

0.45

0.254

1.38

     

52.2

53

0.8

1.96

6.58

     

53

53.6

0.6

2.09

7.92

     

53.6

54.1

0.5

0.132

0.6

     
  

28.1

0.430

1.04

     
LCS21-45:
Falcon Gold Zone
   Including    

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

25

26

1

0.196

0.55

44.5

46

1.5

3.1

3

26

27

1

0.42

1.24

46

47

1

2.02

1.76

27

28

1

0.096

0.33

  

2.5

2.688

2.50

28

29

1

0.241

0.56

     

29

30

1

0.541

1.12

     

30

31

1

0.071

0.2

     

31

32

1

0.048

0.23

     

32

33

1

0.1

0.39

     

33

34

1

0.22

0.62

     

34

35

1

0.345

1.18

     

35

36

1

0.11

0.97

     

36

37

1

0.479

1.29

     

37

38

1

0.383

1.12

     

38

39

1

0.101

0.36

     

39

40

1

0.093

0.41

     

40

41

1

0.305

0.29

     

41

42.1

1.1

0.251

0.31

     

42.1

43.25

1.15

0.176

0.5

     

43.25

44.5

1.25

0.854

0.96

     

44.5

46

1.5

3.1

3

     

46

47

1

2.02

1.76

     

47

47.6

0.6

0.461

0.58

     
  

22.6

0.542

0.87

     
LCS21-46: Falcon Gold Zone   Including    

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

158

159

1

0.454

0.69

179

180

1

3.69

0.89

159

160

1

0.367

0.66

180

181

1

0.513

0.34

160

161

1

0.244

0.39

181

182

1

0.134

0.28

161

162

1

0.032

0.14

182

183

1

0.438

0.3

162

163

1

0.308

0.15

183

184

1

0.347

0.32

163

164

1

0.132

0.2

184

185

1

0.183

0.26

164

165

1

0.103

0.16

185

186

1

1.35

3.49

165

166

1

0.231

0.19

186

187

1

5.37

14.8

166

167

1

0.406

0.17

187

188

1

1.08

2.42

167

168

1

1.075

0.2

188

189

1

0.291

0.9

168

169

1

0.598

0.61

  

10.0

1.340

2.40

169

170

1

0.107

0.16

     

170

171

1

0.077

0.15

     

171

172

1

0.626

0.34

     

172

173

1

0.868

0.54

     

173

174

1

0.158

0.29

     

174

175

1

0.425

0.69

     

175

176

1

0.449

0.56

     

176

177

1

2.7

0.95

     

177

178

1

0.638

0.42

     

178

179

1

0.791

0.27

     

179

180

1

3.69

0.89

     

180

181

1

0.513

0.34

     

181

182

1

0.134

0.28

     

182

183

1

0.438

0.3

     

183

184

1

0.347

0.32

     

184

185

1

0.183

0.26

     

185

186

1

1.35

3.49

     

186

187

1

5.37

14.8

     

187

188

1

1.08

2.42

     

188

189

1

0.291

0.9

     
  

31.0

0.780

1.03

     
LCS21-47:
Falcon Gold Zone
   Including    

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

208.8

210

1.2

0.294

0.45

231

231.55

0.55

2.13

2.91

210

211

1

0.149

0.83

231.55

232.5

0.95

0.211

0.56

211

212

1

0.291

1.15

232.5

233.5

1

0.209

0.37

212

213

1

0.226

0.96

233.5

234.5

1

0.027

0.25

213

214

1

0.597

2.33

234.5

235.5

1

0.266

0.27

214

215

1

0.088

0.68

235.5

236.5

1

0.383

0.6

215

216

1

0.112

0.6

236.5

237.5

1

0.207

0.28

216

217

1

0.334

0.75

237.5

238.5

1

0.264

0.32

217

218

1

0.374

0.76

238.5

239.5

1

0.396

0.58

218

219

1

0.316

0.64

239.5

240.5

1

1.52

2.02

219

220

1

0.298

0.64

240.5

241.5

1

0.606

0.81

220

221

1

0.041

0.29

241.5

242.5

1

0.496

0.54

221

222

1

0.041

0.31

242.5

243

0.5

0.331

0.84

222

223

1

0.448

0.34

243

244

1

0.173

0.38

223

224

1

0.299

0.25

244

244.6

0.6

0.254

0.14

224

225

1

0.246

0.55

244.6

246

1.4

0.083

0.26

225

226

1

0.702

0.49

246

247.5

1.5

0.331

1.66

226

227

1

0.355

0.75

247.5

248.5

1

0.129

0.25

227

228

1

0.098

0.36

248.5

249.5

1

0.048

0.22

228

229

1

0.581

0.74

249.5

250.5

1

0.191

0.35

229

230

1

0.278

0.51

250.5

251.5

1

1.4

0.41

230

231

1

0.58

1.16

251.5

252.5

1

0.318

0.46

231

231.55

0.55

2.13

2.91

252.5

253.5

1

0.677

0.98

231.55

232.5

0.95

0.211

0.56

253.5

254.5

1

0.219

0.38

232.5

233.5

1

0.209

0.37

254.5

255.2

0.7

0.375

0.54

233.5

234.5

1

0.027

0.25

255.2

255.9

0.7

3.39

4.78

234.5

235.5

1

0.266

0.27

255.9

256.55

0.65

0.502

0.92

235.5

236.5

1

0.383

0.6

256.55

257

0.45

0.403

0.69

236.5

237.5

1

0.207

0.28

257

258

1

0.295

0.6

237.5

238.5

1

0.264

0.32

258

258.5

0.5

0.757

1.04

238.5

239.5

1

0.396

0.58

258.5

259

0.5

1.02

1.89

239.5

240.5

1

1.52

2.02

259

260

1

0.618

0.62

240.5

241.5

1

0.606

0.81

260

261

1

0.211

0.59

241.5

242.5

1

0.496

0.54

261

262

1

0.647

1.21

242.5

243

0.5

0.331

0.84

262

262.5

0.5

0.284

0.93

243

244

1

0.173

0.38

262.5

263

0.5

11.85

34.8

244

244.6

0.6

0.254

0.14

263

264

1

4.12

7.27

244.6

246

1.4

0.083

0.26

264

264.7

0.7

2.65

5.1

246

247.5

1.5

0.331

1.66

264.7

265.7

1

0.93

1.57

247.5

248.5

1

0.129

0.25

  

34.7

0.746

1.44

248.5

249.5

1

0.048

0.22

Including    

249.5

250.5

1

0.191

0.35

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

250.5

251.5

1

1.4

0.41

262.5

263

0.5

11.85

34.8

251.5

252.5

1

0.318

0.46

263

264

1

4.12

7.27

252.5

253.5

1

0.677

0.98

264

264.7

0.7

2.65

5.1

253.5

254.5

1

0.219

0.38

264.7

265.7

1

0.93

1.57

254.5

255.2

0.7

0.375

0.54

  

3.2

4.01

9.32

255.2

255.9

0.7

3.39

4.78

     

255.9

256.55

0.65

0.502

0.92

     

256.55

257

0.45

0.403

0.69

     

257

258

1

0.295

0.6

     

258

258.5

0.5

0.757

1.04

     

258.5

259

0.5

1.02

1.89

     

259

260

1

0.618

0.62

     

260

261

1

0.211

0.59

     

261

262

1

0.647

1.21

     

262

262.5

0.5

0.284

0.93

     

262.5

263

0.5

11.85

34.8

     

263

264

1

4.12

7.27

     

264

264.7

0.7

2.65

5.1

     

264.7

265.7

1

0.93

1.57

     
  

56.9

0.622

1.23

     
LCS19-010_Ext:
Falcon Gold Zone
  Including    

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

320.4

321.5

1.1

0.053

0.27

337

338

1

0.272

0.87

321.5

322.5

1

0.107

0.33

338

339

1

0.146

1.16

322.5

323.35

0.85

0.215

0.87

339

340

1

0.085

0.79

323.35

324.4

1.05

0.329

1.36

340

341

1

0.516

1.07

324.4

325.5

1.1

0.329

0.97

341

342

1

0.154

0.81

325.5

327

1.5

0.473

0.66

342

343

1

0.264

0.97

327

328.5

1.5

0.054

0.44

343

344

1

0.181

0.97

328.5

330

1.5

0.044

0.37

344

345

1

0.102

0.75

330

331

1

0.07

0.36

345

346

1

0.302

1.4

331

332

1

0.362

0.11

346

347

1

0.162

0.68

332

333

1

0.025

0.15

347

348

1

0.096

0.6

333

334

1

0.023

0.27

348

349.4

1.4

0.824

1.66

334

335

1

0.02

0.2

349.4

350

0.6

0.402

1.22

335

336

1

0.095

0.17

350

351

1

14.25

2

336

337

1

0.315

0.26

351

352

1

0.292

0.93

337

338

1

0.272

0.87

  

15

1.214

1.07

338

339

1

0.146

1.16

     

339

340

1

0.085

0.79

     

340

341

1

0.516

1.07

     

341

342

1

0.154

0.81

     

342

343

1

0.264

0.97

     

343

344

1

0.181

0.97

     

344

345

1

0.102

0.75

     

345

346

1

0.302

1.4

     

346

347

1

0.162

0.68

     

347

348

1

0.096

0.6

     

348

349.4

1.4

0.824

1.66

     

349.4

350

0.6

0.402

1.22

     

350

351

1

14.25

2

     

351

352

1

0.292

0.93

     
  

31.6

0.666

0.75

     
LCS19-008:
Falcon Gold Zone
  Including    

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

From (m)

To (m)

Length (m)

Au (g/t)

Ag (g/t)

274.00

275.00

1.00

0.04

0.20

277.00

278.00

1.00

0.41

0.28

275.00

276.00

1.00

0.05

0.40

278.00

279.00

1.00

1.02

0.61

276.00

277.00

1.00

0.05

0.23

279.00

279.80

0.80

1.07

1.04

277.00

278.00

1.00

0.41

0.28

279.80

280.40

0.60

10.80

3.41

278.00

279.00

1.00

1.02

0.61

280.40

281.00

0.60

0.74

1.63

279.00

279.80

0.80

1.07

1.04

281.00

282.00

1.00

1.19

0.94

279.80

280.40

0.60

10.80

3.41

282.00

283.00

1.00

0.69

0.90

280.40

281.00

0.60

0.74

1.63

283.00

284.00

1.00

1.57

1.02

281.00

282.00

1.00

1.19

0.94

284.00

285.00

1.00

1.22

1.84

282.00

283.00

1.00

0.69

0.90

285.00

285.66

0.66

3.34

0.96

283.00

284.00

1.00

1.57

1.02

285.66

286.20

0.54

0.48

1.11

284.00

285.00

1.00

1.22

1.84

286.20

287.00

0.80

0.20

0.99

285.00

285.66

0.66

3.34

0.96

287.00

288.00

1.00

1.90

1.52

285.66

286.20

0.54

0.48

1.11

288.00

288.83

0.83

1.75

1.42

286.20

287.00

0.80

0.20

0.99

288.83

290.00

1.17

1.79

1.87

287.00

288.00

1.00

1.90

1.52

290.00

291.00

1.00

0.30

0.56

288.00

288.83

0.83

1.75

1.42

291.00

292.15

1.15

1.02

1.36

288.83

290.00

1.17

1.79

1.87

  

15.15

1.544

1.22

290.00

291.00

1.00

0.30

0.56

     

291.00

292.15

1.15

1.02

1.36

     

292.15

292.45

0.30

0.06

0.48

     

292.45

293.00

0.55

0.17

0.63

     

293.00

294.00

1.00

0.07

0.43

     

294.00

295.00

1.00

0.31

0.29

     

295.00

296.00

1.00

0.12

0.51

     
  

22.00

1.097

0.96

     


SOURCE: Northern Superior Resources Inc.



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Today’s News

Granada Gold Mine Extends Warrant Terms

 

Rouyn Noranda, Q.C. – TheNewswire – September 24, 2021 – Granada Gold Mine Inc. (TSXV:GGM) (OTC:GBBFF) (Frankfurt:B6D) (the “Company” or “Granada”)…

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Rouyn Noranda, Q.C. - TheNewswire - September 24, 2021 - Granada Gold Mine Inc. (TSXV:GGM) (OTC:GBBFF) (Frankfurt:B6D) (the “Company” or “Granada”) announces that it will be extending the expiry date of an aggregate 6,861,806 share purchase warrants (the "Warrants") by two years.  The 6,861,806 Warrants are due to expire on October 18 and November 6, 2021. The expiry date will be extended by two years and the Warrants will now expire on October 18 and November 6, 2023.  All other terms and conditions remain constant.

 

The private placement units were issued at a price of $0.15 per unit and consisted of one common share and one Warrant entitling the holder to purchase one additional common share at an exercise price of $0.15 per share for a period of three years from closing.  The amendment is subject to the approval of the TSX Venture Exchange.

 

About Granada Gold Mine Inc.

 

Granada Gold Mine Inc. continues to develop and explore its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, and is adjacent to the prolific Cadillac Break. The Company owns 14.73 square kilometers of land in a combination of mining leases and claims. The company is currently undergoing a large drill program with 30,000m out of 120,000m complete. The drills are currently paused to provide the technical team with the necessary time to evaluate and assimilate existing data.

 

The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping as well as from current and historical drilling, up to twenty-two mineralized structures trending east-west over five and a half kilometers. Three of these structures were mined historically from four shafts and three open pits. Historical underground grades were 8 to 10 grams per tonne gold from two shafts down to 236 m and 498 m with open pit grades from 3.5 to 5 grams per tonne gold.

 

The property includes the former Granada Gold underground mine which produced more than 50,000 ounces of gold at 10 grams per tonne gold in the 1930’s from two shafts before a fire destroyed the surface buildings.  In the 1990’s, Granada Resources extracted a bulk sample (Pit #1) of 87,311 tonnes grading 5.17 g/t Au.  They also extracted a bulk sample (Pit # 2) of 22,095 tonnes grading 3.46 g/t Au.  

 

“Frank J. Basa”

Frank J. Basa, P. Eng.

Chief Executive Officer

 

For further information, Contact:

Frank J. Basa, P.Eng.

Chief Executive Officer

P: 416-625-2342

  

Or:

 

Wayne Cheveldayoff,

Corporate Communications

P: 416-710-2410

E: waynecheveldayoff@gmail.com

 

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. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.

  

Copyright (c) 2021 TheNewswire - All rights reserved.

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Today’s News

Bravada Gold Corporation Applies to Extend Closing of Non-Brokered Private Placement

Vancouver, British Columbia–(Newsfile Corp. – September 24, 2021) – Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (the "Company" or "Bravada") reported…

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Vancouver, British Columbia--(Newsfile Corp. - September 24, 2021) - Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (the "Company" or "Bravada") reported today that the Company has requested a 30-day extension, subject to TSXV approval, to close the previously announced non-brokered private placement.

The Company announced (August 9th, 2021) that it had closed the first tranche of its previously reported non-brokered private placement by issuing 4,260,000 units at a price of $0.07 per unit for gross proceeds of $298,200. Each unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of two years at an exercise price of $0.12 per share.

Net proceeds from the private placement will be used for continued exploration on the Company's 100% owned Wind Mountain Au-Ag project, sustaining fees for the Company's Nevada-based claims, and for working capital.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the units, nor shall there be any sale of the units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

About Bravada

Bravada is an exploration company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in the world. Bravada has successfully identified and advanced properties with the potential to host high-margin deposits, frequently attracting partners to fund later stages of project development. Bravada's value is underpinned by a substantial gold and silver resource with a positive PEA at Wind Mountain, and the Company has significant upside potential from possible new discoveries at its exploration properties.

Since 2005, the Company signed 32 earn-in joint-venture agreements for its properties with 19 publicly traded companies, as well as a similar number of property-acquisition agreements with private individuals. Bravada currently has 10 projects in its portfolio, consisting of 810 claims for approximately 6,500 ha in two of Nevada's most prolific gold trends. Most of the projects host encouraging drill intercepts of gold and already have drill targets developed. Several videos are available on the Company's website that describe Bravada's major properties, answering commonly asked investor questions. Simply click on this link https://bravadagold.com/projects/project-videos/.

-30-

On behalf of the Board of Directors of Bravada Gold Corporation

"Joseph A. Kizis, Jr."

Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation

For further information, please visit Bravada Gold Corporation's website at bravadagold.com or contact the Company at 604.684.9384 or 775.746.3780.

Neither 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.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

This news release is not intended for distribution to United States newswire services or dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97635

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Today’s News

Commerce Resources Corp. Announces Warrant Extension and Repricing

VANCOUVER, BC / ACCESSWIRE / September 24, 2021 / Commerce Resources Corp. (the "Company") (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) announces that it has applied…

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VANCOUVER, BC / ACCESSWIRE / September 24, 2021 / Commerce Resources Corp. (the "Company") (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) announces that it has applied to the TSX Venture Exchange (the "Exchange") for an amendment to the terms of the 9,674,153 warrants (the "Warrants") issued in connection with the Company's private placement which held its first closing on October 11, 2019 and second closing on October 31, 2019. The Company proposes to extend the expiry date of the Warrants from October 11, 2021 to October 11, 2024 in respect of the first closing and October 31, 2021 to October 31, 2024 in respect of the second closing. In addition, the Company has applied for an amendment of the Warrants' exercise price from $0.50 to $0.285. All other terms of the Warrants will remain the same. The extension of the expiry date and repricing is subject to the approval of the Exchange.

About Commerce Resources Corp.

Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed REC and/or NdPr oxide to the global market. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (>45% REO) mineral concentrates at high recovery (>70%) in line with active global producers. In addition to being one of the largest rare earth deposits globally, Ashram is also one of the largest fluorspar deposits globally and has the potential to be a long-term supplier to the met-spar and acid-spar markets.

For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com.

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.

"Chris Grove"

Chris Grove
President and Director
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web: http://www.commerceresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Commerce Resources Corp.



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