Northern Superior Resources Inc. (TSX-V:SUP, OTCQX:NSUPF) has reported additional drilling results from its 20,000-metre expansion campaign at the Philibert gold project, in Quebec, where it has confirmed significant gold mineralization beyond the current resource boundaries.
Also, the company said it as also mobilized a second drill rig.
"Considering that the current Mineral Resource at Philibert, consisting of 1.7 million ounces inferred and 278,000 ounces indicated, is confined within a 3 km pit, today’s results demonstrating the presence of high-grade mineralization 800 metres beyond the pit eastern boundary further underscore the significant untapped potential of the deposit and further reinforce our confidence in the broader mineralized system," said Simon Marcotte, President and CEO.
Drill details
Drill hole PB-24-459 returned 3.59 grams per tonne (g/t) gold over 7.7 metres, including 8.53 g/t over 3.0 metres, located 800 metres east of the resource pit. Drill hole PB-25-476 intersected 2.89 g/t over 10.6 metres, including 5.15 g/t over 5.3 metres, in the Grey Fox Zone.
The company has also submitted 1,800 metres of historical drill core for analysis, refining its geological model. Additional results are expected soon.
Nelligan resource
Northern Superior commented on IAMGOLD’s resource update at Nelligan, noting that the Chibougamau Gold Camp now hosts over 12.0 million ounces of gold.
"With this new resource calculation at Nelligan, the Chibougamau Gold Camp now hosts over 12 million ounces across various categories, collectively owned by IAMGOLD and Northern Superior, making it one of the largest gold camps globally that is not controlled by a major producer," Marcotte added.