Exploration Update May 2015 - Northern Superior Resources

NORTHERN SUPERIOR RESOURCES
Annual General Meeting, May 28th, 2015
T.F. Morris, PhD., FGAC, ICD.D, P.Geo.,
TSX.V: SUP
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SAFE HARBOUR STATEMENT
This presentation includes certain “forward looking statements”.
Where Northern Superior expresses an expectation or belief as
to future events or results, including management plans and
objectives, and projections of exploration results, such
expectation or belief is expressed in good faith and is believed to
have a reasonable basis. While these statements represent our
best current judgment, they are subject to risks and uncertainties
that could cause actual results to vary, including the risk factors
listed in Superior’s Annual Information Forms available on the
SEDAR website www.sedar.com. Superior does not assume the
obligation to update any forward looking statements.
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EXPLORING FOR GOLD ON THE CANADIAN SHEILD
 Junior explorer for Gold,
Canadian Shield, trades on
the TSX-V: SUP;
 Exploration currently
focussed on its Croteau Est,
Lac Surprise and Grizzly
gold properties, Québec;
and
Grizzly
Ville Marie
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 Requires partner(s) to
advance the Company’s
100% owned TPK, and Ville
Marie properties.
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MANAGEMENT
 Board
 Alan Moon (Chairman, Committees: Audit; Compensation)
 Arnold Klassen (Committees: Audit*; Corporate Governance and Nominating)
 Wayne Livingstone (Committees: Health, Environment and Safety*; Corporate
Governance and Nominating; Compensation)
 Fred Lecoq (Corporate Governance and Nominating Committee*, Audit, Health,
Environment and Safety, Compensation)
 John Pollesel (Compensation*, Health, Environment and Safety)
 Thomas Morris (Management)
*Denotes Committee Chair
 Management
 Thomas Morris PhD, FGAC, PGeo , ICD.D (President and CEO)
 Dan Rothberg (Corporate Secretary)
 Aris Morfopoulos (Chief Financial Officer)
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MANAGED RESPONSIBLY
As of May 15th, 2015
Share Price :
Market Cap:
Working Capital (approximate):
Debt:
Issued and Outstanding Shares:
Options Outstanding:
Warrants Outstanding:
Compensation Options Outstanding:
Fully Diluted:
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$0.025
$ 4,724,065
$ 3,000,000
None
188,962,583
11,160,000
0
0
200,122,563
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TI-PA-HAA-KAA-NING (TPK) Gold Property
TPK:
i)
Large, shear hosted
gold-bearing system +
gold/ silver/ copper
mineralization;
ii) Property historically
broken into 3
components, each
with drill- ready
targets; and
iii) First Nation buy-in,
permanent camp
established with an
associated trail
system.
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TPK Gold Property- Geological/ Structural Setting
 Primary Structural Control:
 Gold- receptive splay shears off a major
inflection, Stull- Wunnummin Fault.
 Comparable:
 Malartic- Val d’Or gold district on
splays off major bend, Larder
Lake-Cadillac Fault.
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TPK Gold Property- TPK Gold Grain-in-till Apron
Key Characteristics:
 Second largest goldbearing shear system in
North America (24 km),
defined primarily by a gold
grain-in-till dispersal
apron, supported by
geological mapping,
geophysics and drilling;
 Most gold grains pristine,
up to 1250 grains; and
 Boulder dispersal trains
defined (assays up to 92 g/
t Au).
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TPK Gold Property- TPK Key Targets
 EIGHT PRIORITY TARGETS DEFINED
Target 7
Target 1
Target 3
Targets 6, 5, 4
Results from RC
drilling provides two
pieces of invaluable
information in a
terrain covered in
overburden (~ 3 m):
Target 8
See press release, December
8th,
2011
An accurate
bedrock map; and
-
Eight excellent drill
targets based on
the distribution and
concentration of
gold grains.
Target 2
Core Drilling:
 Only 59 core drill holes, 13, 458.1 m;
 Only two targets drilled, # 1 and 3 and an area west of Target # 2; and
 NONE OF THE PRIMARY TARGETS HAVE BEEN CORE DRILLED!
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TPK Gold Property- New Growth
Gold- bearing shear-zone extension- Gold Targets
Based on: a) distribution of anomalous gold grains recovered from locally derived tills;
b) distribution of anomalous till Arsenic (As) values; and
c) interpretation of structure from a high- resolution airborne magnetics survey (2011).
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TPK Gold Property- New Growth Prospecting
Boulder Recovered:
 30+cm wide bornite -chalcopyrite bearing quartz
vein hosted in a moderately to strongly sheared
monzonite boulder with dimensions
approximately 2.0m x 1.5m x 1.5m;
 The quartz vein returned values of 12.60 g/t
gold, 111 g/t silver, and 4.05% copper; and
 The size and tabular shape of the boulder
suggests that it was transported a short distance
by glacial ice, and therefore recovered relatively
proximal to the up-ice bedrock source.
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TPK Gold Property- New Growth Key Targets
 Structural interpretation
from NSR’s high resolution
airborne magnetic data (Stott
2011).
Targets:
 14 targets selected;
 Areas of structural dislocations; and
 Right-handed extensional bend, hydrothermal fluids invasion.
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TPK Gold Property- New Growth Annex
 Keely Lake gold grain dispersal corridor (up to
3.5km wide, 10km in length)
 Corridor illustrated by
anomalous proportional circles
(larger circles).
 Corridor illustrated by hatched outline
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TPK Gold Property- New Growth Annex Key Targets
 Boulders (100) recovered on the margins, within, and down-ice of a
narrow faulted and sheared greenstone belt that measures at least
7 km long by 2 km wide;
 83 boulder samples anomalous in gold (>0.005 g/t), 24 of those
assayed between 0.1 and 1.0 g/t, 9 of those samples over 1g/t; and
 Several high quality targets defined from geophysics, distribution
and concentration of gold grains and mineralized boulders, limited
(7 holes, 2,241m) core drilling.
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CROTEAU EST Gold Property
 Located in one of the
most prospective
mining camps in
Québec;
 Within the eastern
part of the MatagamiChibougamau
Greenstone Belt;
 Pre-development
Agreement, with the
Cree;
 Road, rail, airport,
power grid, mill; and
Chalice Gold Mines Ltd.
 65 % Interest:
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a) $4,000,000 exploration expenditures
b) $500,000 commitment, year one
c) Three year earn- in, all or nothing
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 Strong and supportive
exploration and
mining culture.
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CROTEAU EST Gold Property
STRUCTURAL TRAP EVOLUTION
MINERAL TARGETING
KENORAN
OROGENY
KENORAN
OROGENY
2.7 – 2.69 GA
STRUCTURE INITIATION
2.7 – 2.69 GA
F2 FOLDING
T1
T2
T3
MINERAL
TARGETING
RESULTS
T4
KENORAN
OROGENY
KENORAN
OROGENY
2.7 – 2.69 GA
D2 SHEARING
2.7 – 2.69 GA
D4 SHEARING
STRUCTURAL EVOLUTION AND MINERAL TARGETING
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CROTEAU EST Gold Property
CROTEAU-BOUCHARD SHEAR ZONE
THE FIRST DISCOVERY !
TARGET 4
D2 Shearing
C.B. S.Z.
TARGET 3
TARGET 5
TARGET 1
D4 Fault
TARGET 2
F2 Fold
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CROTEAU EST Gold Property
TARGET AREA 1
Early stage modeling
defines a large goldbearing body, open
along strike (both
directions and at
depth).
CROTEAU-BOUCHARD SHEAR ZONE
Based on 44 diamond
drill holes, collar
spacing average 50 m
Without any
consideration
of high grade shoots,
there are at least 4 of
these, likely more
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CROTEAU EST Gold Property
TARGET AREA 1
CROTEAU-BOUCHARD SHEAR ZONE
D2 Shearing
D4 Faulting
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CROTEAU EST Gold Property
TARGET AREA 1
CROTEAU-BOUCHARD SHEAR ZONE
DRILL HOLE SECTION 530720E
through C.-B. S.Z
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Tuff
Sediments
QFP Dyke
QP Dyke
Basalt
Schist
Gabbro
Drill holes CRO011- 01, 01, 03, 05
Drill holes CRO012- 30, 36,
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CROTEAU EST Gold Property
TARGET AREA 1
CROTEAU-BOUCHARD SHEAR ZONE
HIGH GRADE SHOOTS
I2 Dyke
QFP Dyke
Trenches
C.B.S.Z.
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CROTEAU EST Gold Property
TARGET AREA 1
D2 SHEAR / D4 FAULT
C.B.S.Z. is really a squirt off the
main system, it is the D4 fault
environments where many of
the gold mines occur within
the Chapais-Chibougamau
camp;
What makes Croteau Est so
exceptional is the size of the
D2 shears / D4 faultsgold to date extracted
from shears 5 - 20 m wide,
Croteau Est shears 80 – 150 m
wide; and
There are at least two, D2 shear/ D4 fault systems in this target
area alone!
There is the potential for multiples of these across the property
wherever a D2 shear is cut by a D4 fault.
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Therefore, potential gold
mineralization is a magnitude
higher than gold deposits
previously discovered in the
camp.
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CROTEAU EST Gold Property
 2015 Exploration Program
1
2
Three Drill Programs:
1) Core drill program, CBSZ
- 6 collars, 12 holes, 2,200 m
2) RC drill program, Target Area 1
- 48 collars, average overburden
depth of 8 m + up to 2m bedrock
3) RC drill program, NE Magnetic anomaly
- 8 collars, average overburden
depth of 8 m + up to 2m bedrock
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3
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LAC SURPRISE Gold Property
LOCATION/ ACTIVITY
 100% NSR
 Proximity to ChapaisChibougmau and
access
 Opawica- Guercheville
deformation zone
 Recent activity
Bold Ventures Inc.
 50 % Interest:
a) $2,000,000 exploration expenditures
b) 350,000 shares
 60 % Interest:
Positive pre-feasibility study within 5 years of option agreement signed
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LAC SURPRISE Gold Property
 Off same
deformation zone
where recent
discoveries
reported;
 Four excellent
gold grain and
geochemicalin-till dispersal
trains; and
 Two additional
areas of
interest.
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LAC SURPRISE Gold Property
2014 Trenching and Prospecting Programs:
 Comprehensive understanding of the
bedrock and structural framework (4
east- southeast shears) important in
controlling gold mineralization; and
 Discovery, 7 gold showings, Amber and
Black Phoenix.
2015 Exploration Program:
 Completion, ground geophysical surveys;
 Target delineation; and
 Initiation, core drill program.
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VILLE MARIE Diamond Property
SUMMARY:
 Renewed interest in diamonds
 Two pipes already discovered (1
diamondiferous), 8 untested targets; and
 Positive results:
i) KIM geochemistry (overburden/ boulders;
ii) Morin pipe is diamondiferous; and
iii) Mineral Services “Mantle Mapper”
results positive.
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GRIZZLY Gold Property
 Option agreement, Gilbert Lamothe,
Marco Bouchard.
 Large property (147 claims, 8,015
hectares) located in the in the highly
prospective Chapais- Chibougamau
gold- copper camp;
 Easy access:
i) by road, rail and airport;
ii) to power grid, mill; and
iii) local exploration and
mining culture.
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GRIZZLY Gold Property
So, what is on this property?
 Several gold showings:








Keller;
Grizzly/ Grizzly North;
Queeniwich;
Gladstone;
Grêlon;
Huitans;
Dussault; and
Lac Mahekan
 Gold- bearing shear
zones:
 Guêttard
 Guêttard Nord
 MD
 VMS, Magmatic Ni- Cu ± PGE’s:
 Lac Porphyre- Sud, Bras Pichamobi (VMS); and
 Ruisseau Daladier-Nord (Magmatic).
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ARE WE READY?…. ABSOLUTELY
1) Drill- ready, high value properties available
 TPK
 Croteau Est (already optioned)
 Lac Surprise (already optioned)
 Ville Marie
2) Next Generation Properties Identified
 Grizzly (already staked, exploration initiated)
 Two (2) in Ontario (already staked)
 Twenty- two (22) in Quebec (4 of the best selected, ready to go)
3) Administratively
 Responsible, Financial Management ($3.0 million)
 Prepped (Financial institutions, First Nations, Majors)
 Significant Progress, Ontario Litigation
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