Northern Superior Resources (TSXV:SUP) has initiated a drilling campaign at the Philibert property in Quebec, with plans to conduct more than 20,000 meters of expansion drilling. The objective of the program is to extend mineralization along strike to the east and west, as well as along the hanging wall trend north and down dip of the open pit resource and defined pit.
Located approximately nine kilometers from IAMGOLD’s (TSX:IMG) Nelligan project, the Philibert property has shown promising potential for gold exploration. Shares of Northern Superior Resources have seen an 8% increase to C$0.54 as of noon ET.
The company has specified in a recent news release that the expansion drilling campaign will focus on areas with demonstrated mineralization. Previous drill holes have returned positive results, with significant gold concentrations over notable intervals. Additionally, the property has shown potential for mineralization to the west, with substantial gold grades reported in historic drilling.
Northern Superior Resources is a gold exploration company with a primary focus on the Chibougamau Camp in Québec. The company holds a significant land package in the region, totaling over 62,000 hectares. In addition to the Philibert property, the company’s portfolio includes other key properties such as Lac Surprise, Chevrier, and Croteau. Northern Superior also owns a majority stake in ONGold Resources Ltd. (TSXV: ONAU), which is advancing exploration assets in Northern Ontario.
Investors interested in joining the discussion about Northern Superior Resources can visit the company’s Bullboard forum on Stockhouse’s platform. It is important to note that the information provided in this article is for informational purposes only and should not be construed as investment advice. Full disclaimer information is available on the provided link.
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