Northern Superior Reports Positive Drilling Results at Philibert Gold Property

October 30, 2024 06:02 AM GMT | By Team Kalkine Media
 Northern Superior Reports Positive Drilling Results at Philibert Gold Property
Image source: Shutterstock

Highlights

  • Northern Superior’s drilling program intersects high-grade gold, with 2.6 g/t over 26.5 meters.
  • The Philibert project is part of the growing Chibougamau Gold Camp, near IAMGOLD’s Nelligan project.
  • Northern Superior holds a 75% stake in the property, with SOQUEM owning the remaining 25%.

Northern Superior Resources Inc. (TSX-V:SUP, OTCQX:NSUPF) announced promising results from its ongoing expansion drilling campaign at the Philibert gold property in Quebec. The company, currently undertaking a 20,000-meter drilling program, aims to expand the resource by exploring untested zones both in the hanging wall and footwall southeast of the existing resource pit.

Drilling Success and Key Intersections

One of the standout holes in the program intersected 2.6 grams per tonne (g/t) of gold over a stretch of 26.5 meters, with a particularly rich segment yielding 4.55 g/t over 13.4 meters. This high-grade intersection is located 200 meters southeast of the Grey Fox footwall zone, a promising area outside the current pit boundary.

Other notable results from the campaign include 1.86 g/t of gold over 9.2 meters in the Grey Fox hanging wall zone, and 1.28 g/t over 13.2 meters, including 3.47 g/t over 3.4 meters. These results highlight the potential for further resource growth at Philibert, which could lead to increased estimates in future mineral resource updates.

Strategic Location in the Chibougamau Gold Camp

The Philibert property is strategically situated in Quebec’s Chibougamau Gold Camp, just 9 kilometers from IAMGOLD Corporation’s Nelligan project and 60 kilometers southwest of the mining hub of Chibougamau. The region is quickly becoming a highly prospective gold district, with Northern Superior and IAMGOLD controlling several key deposits.

Northern Superior holds a 75% interest in the Philibert project, with Quebec-based SOQUEM holding the remaining 25%. The company’s successful drill results at Philibert are contributing to the growing interest in the Chibougamau Gold Camp as a major gold-producing area in Canada.

Future Outlook

The ongoing drilling campaign is a crucial part of Northern Superior’s strategy to expand its gold resource at Philibert. By targeting previously untested areas in both the hanging wall and footwall zones, the company hopes to uncover additional high-grade mineralization and extend the boundaries of the current resource.

The Chibougamau Gold Camp, with its emerging deposits and proximity to IAMGOLD’s Nelligan project, is becoming a focal point for gold exploration in Quebec. As Northern Superior continues its aggressive drilling program, further positive results could significantly enhance the project's value and the company's standing in the region.

 


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