NORTHERN SUPERIOR RESOURCES - TPK Three Large Scale Opportunities: One Great Company!
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NORTHERN SUPERIOR RESOURCES
Three Large Scale Opportunities:
One Great Company!
TPK…
Lac Surprise…
Croteau Est…
February, 2022
TSXV:SUP/ OTCQB:NSUPF
Safe Harbour Statement 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 Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, 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. 2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 2
Management
• Board
✓ Thomas Morris (President and CEO)
✓ François Perron (Chairman, Audit Committee)
✓ Andrew Farncomb (Chair Audit Committee)
✓ David Beilhartz
✓ Michael Gentile Appointed: December 30th, 2019
✓ Gord Morrison Appointed: January 14th, 2020
✓ David Medilek Appointed: April 15th, 2020
• Management
✓ Thomas Morris PhD, FGAC, PGeo , ICD.D (President and CEO)
✓ Rodney Barber BSc., PGeo (Citation Applied Geostatistics)
✓ Dan Rothberg (Corporate Secretary)
✓ Jeannine Webb (Chief Financial Officer)
✓ Roxanne Gélineau (Office Manager)
• Advisors
✓ Catharine Farrow PhD, ICD.D, PGeo
✓ Alan King BSc., MSc.
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 3
Management
• Technical
✓ Thomas Morris PhD, FGAC, PGeo , ICD.D
✓ Rodney Barber BSc., PGeo, Citation (Applied Geostatistics)
✓ Adrian Lupascu BSc., MSc., PGeo (APGO & OGQ)(Contract)
✓ Sandra Dean BSc., PGeo (Contract)
✓ Don Boucher BSc., PGeo (Contract)
✓ Michel Leblanc BSc., PGeo (Contract)
✓ Matt Sooley, PMP
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 4
Corporate:
Share Price (2022/01/31): $ 0.73
Market Cap (2022/01/31): $ 51,731,176
Hard Dollars (2021/12/05): $ 2,943,186 (approx.)
Ontario F.T. (2021/12/05): $ 3,639,391 (approx.)
Québec F.T. (2021/12/05): $ 5,865,375 (approx.)
Total Cash (2021/12/05): $ 12,447,952 (approx.)
Debt: None
EV: $ 39,283,224
Issued and Outstanding Shares: 70,864,624
Options Outstanding: 2,675,000 (0.39)
Warrants Outstanding: 7,687,635* (0.30)
*Trading restrictions apply, see Northern Superior press releases, December 30, 2019, December 17th, 2020,
December 3, 2021.
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 5
Key Shareholders Note: Key shareholder table currently being updated 2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 6
TPK: Location and Property
✓ Containing 2 regional-scale mineral systems;
✓ Property connected to the Mussel White
(Newmont) gold mine by winter road; and
✓ Fully permitted, year round exploration camp
and trail system.
✓ 30 x 20kms/ 2,431 claims/ 47,796 ha
✓ 100% Northern Superior
✓ Property conducive to year round drilling
✓ EEBA, Neskantaga First Nation
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 7
TPK: GOLD?
Structural Setting
✓ Primary Structural Control:
• Gold- receptive splay shears off a major
inflection, Stull- Wunnummin Fault.
✓ Comparable
• Malarctic- Val d’Or gold district on splays
off major bend, Larder Lake- Cadillac
Fault.
Gold Grain-In-Till Dispersal Aprons/ Corridors:
✓ Unique geological feature, largest N. America
✓ Can only get this if there is significant gold exposed
at the bedrock surface
✓ Most gold dispersal trains 200m x 3kms
“Gold grain anomalies of this scale are amalgamated
responses from a cluster of gold zones. They normally indicate
a large gold system or district rather than a single gold
zone…”
Think District, Scale: Atlantic Gold/ Meadowbank/ Hope Bay/ Casa Berardi/ Aurion Resources/ Meliadine
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 8
TPK: GOLD?
Gold-Mineralized Boulder Trains:
Goose Lake
• Embedded within gold grain-in-till dispersal apron;
Goose Lake • Several high grade gold-bearing, boulder dispersal trains;
• Boulder lithology and geochemistry reveals much regarding
host rocks for the gold.
Little Crying Boy Lake
High-Grade Gold Core:
• Multiple, significant gold
discoveries already
made, including:
✓ Highlighted
intersection: 25.87
g/t gold 13.45 m
(TPK-10-004).
(see Northern Superior press releases: December
13, 2010; November 17, 2017)
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 9
TPK: Targeting- Big Dam Area
TPK-10-004: 25.87 g/t Au over 13.50m
TPK-11-013: 04.74 g/t Au over 06.84m
Goose Lake
Basal Till
• Gold Grain Data
• Pathfinder elements (Arsenic)
Little Crying
TPK-12-30: 59.60g/t Au, 92.3 g/t Boy Lake
Ag and 3.19% Cu over 0.5 m;
Boulder Gold Geochemistry
TPK-12-34: 16.15g/t Au over 1.5m;
TPK-12-40: 7.85 g/t Au over 0.8m; &
TPK-12-43: 8.85 g/t Au over 1.0m • High Grade Gold
• Pathfinder elements (Arsenic)
Highlighted Big Dam Gold Assays
Year Boulders Gold
Collected Collected g/t
2010 484 94.2
2011 103 14.0
2017 255 24.7
Highlighted Meliadine Gold Assays
Year Boulders Gold
Collected Collected g/t
2010 209 27.9
2011 87 6.81
2013 675 65.6
2014 248 14.4
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 10TPK: Targeting- Big Dam Area
Aerial Mag Data- 1st Derivative:
✓ Note east- west fabric, magnetics (explains historic S-N drilling);
✓ NW-SE magnetic destruction, faulting, silicification.
Lateral Gradient Magnetics:
✓ E-W pattern gone, NW-SE pattern emerges;
✓ Goose Lake/ Little Crying Boy connected… 3.2kms of strike length;
✓ How do we know it is silicified… we nicked it!
✓ Nicked the silicified alteration zone- high angle foliation
✓ TPK-10-004: 25.87 g/t gold, 13.5 m (incl. 749 g/t over 0.3m)
from 149.3 metres.
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 11TPK: Targeting- Big Dam Area
Learning and Adapting
• Rethinking the importance of east- west
structure to gold mineralization
• Recognizing the association of gold
mineralization to northwest- southeast
structure and alteration
TURN THE DRILL…
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 12TPK: “Blue Sky” District Scale Opportunity-
Annex- “Another District Scale System”…
• Keely Lake gold grain-in-till dispersal corridor
(3.5 km wide, 13.5 km in length).
• Mineralized, large, tabular boulders returning
assay values as high as 727 g/t gold, 111 g/t
silver, and 4.05 % copper.
• Several high quality targets defined from
geophysics, gold grains and mineralized boulders.
• Gold-silver-copper mineralization.
Highlighted Annex Boulder with high Silver and Copper Assays
Year Boulders Silver Copper Au
Collected Collected ppm % ppm
53.7 1.92 5.93
48.2TPK: Targeting- Annex Area
Targeting
Gold Grain data
Mineralized Boulder Data One discovery follow- up area + three target areas defined:
IP Trend
✓ Au- Ag targets associated with a basalt- andesite/
quartz diorite- monzogranite contact
✓ Au- Cu target associated with a dolerite- diorite-
gabbro/ quartz- diorite monzogranite contact.
✓ Discovery follow-up drilling proposed to understand
orientation of local structure associated with hole NG-
12-003C, 4.63g/t Au over 5.50m.
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 14TPK: Targetin- “Blue Sky” District Scale Opportunity
• Extension of the Big Dam Area- 29 km west: 35 km system!
• Extension, gold- bearing shear zone:
✓ Distribution of anomalous gold grains;
✓ Distribution of anomalous till Arsenic (As) values; and
✓ Interpretation of structure from a high- resolution
airborne magnetics survey.
• Only reginal scale till sampling, boulder sampling and
limited prospecting has been completed over this part
of the property!
✓ No clear target delineation has ever been completed
through detailed till sampling (sample spacingLAC SURPRISE and
CROTEAU EST
Remarkable Gold Opportunities in
the Highly Prospective Chapais-
Chibougamau Camp
TSXV:SUP/ OTCQB:NSUPFLAC SURPRISE/ CROTEAU EST: Location
Both Within An Active, Prolific Gold Producing Region
Chapais- Chibougamau (since 1953):
• 16,395,000 ounces gold (proven/ probable)
• 1,097,469,817 pounds Cu
The Chapais- Chibougamau Gold- Copper Camp:
• Active Properties;
• Development; and
• Historic Gold Mines.
Nelligan Gold Property:
• Open pit, 3.2million ounce gold deposit;
• Nelligan ties onto the Lac Surprise property; and
• Gold- bearing, hydrothermal system of Nelligan, extends onto Lac Surprise property.
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 17LAC SURPRISE: The Property/ Neighbours…
Key Facts:
• Large property position (20 x 20 km);
• Positioned within an established mining camp;
• Easily accessed by all- season roads, rail, airport and
hydro; and
• Exploration and mining services provided by three
274 claims
local communities, long history and tradition of
15,178.5 ha
mineral exploration and mining.
Very active camp, in particular:
Nelligan Deposit i) Blue Thunder (Blue);
ii) IAMGold/ Vanstar (Orange);
Lac Surprise iii) IAMGold/ Kintavar (Mustard); and
iv) Northern Superior (Gold).
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 18LAC SURPRISE: The Neighbour, The Nelligan Gold Deposit…
• Nelligan property
ties directly onto Lac
Surprise.
• 43-101 compliant
resource, 3.2 million
ounces gold, grading
1.02 g/t Au.
• Deposit consists of 3
gold- bearing zones:
i) Renard
ii) Liam
iii) Dan
• Renard extends west
to within 1.2km of
the Surprise eastern
boundary.
…part of a “vast auriferous system offering a potential of multi-million gold ounces” (Vanstar PPt
presentation, May 2019).
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 19LAC SURPRISE: Targeting…Fingerprinting Nelligan
• Geophysical inversion work
on Nelligan.
• Gold zones at Nelligan
associated with:
✓ Strong destruction of
magnetic signature;
✓ Mineralization clearly
associated with 60°
faults.
• Fault orientation and
magnetic destruction also
observed on Lac Surprise.
• Fingerprinting Nelligan
critical in discovery at Target
1, identifying additional
targets (Target 3).
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 20LAC SURPRISE: Target 1- Phase II Drill Program/ Stage I
Key Intersections:
Summary LCS20-13:
• Discovery, new gold zone (Falcon): 1.07 g/t AuEq
over 35.5m with a high-grade interval of 7.70 g/t
including 8.22 g/t AuEq over 2.6m;
• Discovery, two additional, gold-bearing zones,
lowermost zone assayed 2.06 g/t Au and 1.81 g/t
silver or 2.08 g/t AuEq over 3.9m;
Summary LCS19-005ext:
• Extension Falcon gold zone: 1.55g/t AuEq over
44.9m including 3.82 g/ t AuEq over 15.0m.
Host material very similar to Nelligan material:
• Coarser clastic materials (LCS20-13- wacke);
• Best mineralization occurs at or near the contact
(see Northern Superior Press Release,
between the clastic sediments and the volcanoclastics;
November 5th, 2020; December 22nd, 2020).
• Primary mineral, pyrite (1 to 5%);
• Silicified material (LCS20-13, weak to moderate);
• Presence of potentially stratigraphic controlled gold-
bearing units.
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 21LAC SURPRISE, 2021
Target 1: Summary, all assays > 1g/t Au.
(M. Sooley, 2020)
(T. Morris, 2020)
(M. Sooley, 2021)
(T. Morris, 2021)
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 22LAC SURPRISE, 2021
Target 1: Potential extension(s), Falcon Zone
Defining Characteristics:
Falcon Gold Zone 900m
1) Silicification;
2) Sericitization;
3) Coarse, clastic
materials (wacke);
4) Primary mineral,
pyrite; and
5) Gold- bearing.
(M. Sooley, 2020)
(T. Morris, 2020)
(M. Sooley, 2021)
(T. Morris, 2021)
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 23LAC SURPRISE, 2021
Target 1; Going Forward… Falcon Gold Zone Vertical Continuity… 900m so far
Remains open at depth!
229.0m
Vertical continuity 170.0m
Vertical continuity
(see Northern Superior press release, July 6, 2021)
Vertical cross section
illustrating the projected
extension of the Falcon Gold
Zone to surface:
250m vertical continuity
(M. Sooley, 2021)
(T. Morris, 2021)(see
Northern Superior press release,
August 17, 2021)
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 24LAC SURPRISE, 2021
Areas of Exploration Focus…
Target Area 1 Target Area 1
✓ Core drill program
✓ 8279m proposed
Target Area 3
✓ Core Drill program
Target
Area 3 ✓ 1200m proposed
Fox Gold Showing
✓ Core drill program
Confluence
✓ 1000m proposed
Drone Survey Area
Drone Survey
✓ 954 line kms.
(M. Sooley, 2020)
(T. Morris, 2020)
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 25LAC SURPRISE, 2021
Drone Survey
Two areas to cover, purpose of which:
1) Provide detailed airborne mag cover of both areas; and
2) Most efficient and cost effective way to maintain assessment credits over this area.
Area 1:
• 270 line kilometers (50m)
• Ties onto the confluence
area, part of the
region covered by
2019 drone survey.
Area 2:
Area 1 • 684 line kilometers (50m)
• Extension of assessment
Area 2 credits will cover
Horsefly
Pluton
much of the
“shoulder” area to
the west, important
shadow area assoc.
with the Horsefly
Pluton.
(M. Sooley, 2021)
(T. Morris, 2021)
Program Cost: $95,000
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 26LAC SURPRISE, 2021
Acquisition: Kintivar’s Gaspard Nord Property
Terms, 100% Ownership:
• 85,000 common shares,
Northern Superior Resources
• 2% NSR, standard 1% buyback
for $1M
Key Takeaways:
• 5 claims, 280 hectares;
• Captures part of the Opawica-Guercherville deformation zone- system hosts the Nelligan gold
deposit, Falcon gold zone; and
• Captures contact between volcanics and sediments hosting 2 gold showings and “B” horizon soil gold
anomalies.
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 27CROTEAU EST
A Gold Resource Already Defined,
Remarkable “Blue Sky” Potential…
in the Highly Prospective Chapais-
Chibougamau Camp
TSXV:SUP/ OTCQB:NSUPFCROTEAU EST: The Property
30km by 15km/ 237 claims/ 12,545 hectares…
Key Advantages:
• 100% Northern Superior;
• Availability of highly
prospective, under- explored
Inferred Resource
ground in an important gold-
copper camp, Québec;
• A number of support
advantages ($168.67/m all in);
and
• Pre-development agreement,
Oujé Bougoumou.
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP 29CROTEAU EST: Existing Discovery and Resource
43-101 Compliant, Inferred Mineral Resource…
• Central (~ 550m strike by 150m width)
✓ Gold cut- off of 1.0 g/t Au, 11.6 million
tonnes, grade 1.7ppm Au; yielding
640,000 ounces of gold;
✓ Additional unclassified component of
270,000 ounces of gold.”
• Resource based on 64 holes (20,643m),
50m spacing:
✓ CBSZ ~1.1 km long, open along
strike, both directions;
✓ Only one hole to 575m (all others
< 350m), open at depth; and
✓ Additional CBSZ’s?
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 30CROTEAU EST: Cracking the High Grade Code 2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 31
CROTEAU EST: Cracking the High Grade Code
High Grade Ore Shoots: West/ East/ at Depth…
Longitudinal Cross- section highlighting six of
nine shallow southeastern dip of
high grade “shoots.”
• 13 hole, 4,800m core drillprogram set
to define the extension of these to
depth and to the east.
“Mineable width and grade”
Exposed high grade gold shoot:
• two zones of > 10 g/t Au, 2.5m x 2.0 m and 2.0m x
0.5m;
• enclosed by a halo of >5g/t Au, 7.0m x 2.5m; and
• enclosed by a halo of gold mineralization of >3
g/t Au over an area of 8.0m x 3.0m.
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 32CROTEAU EST: High Grade at Depth?
Comparable…
Comparative Model:
Osisko’s Windfall Project
(see Northern Superior press release, July 5th, 2017)
• Shallow, multiple stacked
eastward dipping ore shoots.
• CBSZ Gold Grade x Thickness
values as good or higher upper
350m.
• CBSZ modelled to only 450 m
depth, Windfall to 2,000 m+.
Osisko Mining News Release July 11th 2018: ‘Triple-8’ Zone New Discovery, 20.4 g/t Au
over 28.3m…
‘This deep hole confirms management’s view that there is significant high-grade gold mineralization at depth….
We are beginning to see increasing intensity in the key alteration and sulfide mineralization as we progress deeper
towards what we believe may be the main mineralized centre of the intrusive system’.
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 33CROTEAU EST: Blue Sky Regional Potential…
The CBSZ at the intersection of a NE-SW fault
and E-W deformation zone;
• 11 other such opportunities
• Gold showings discovered at several of
these intersections.
However… there is a larger “gold” footprint to
consider at the CBSZ… based on….
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 34CROTEAU EST: Larger CBSZ Gold Footprint…
Gold grain-in-till anomalies
Soil gas hydrocarbon gold anomalies
Mobile metal ion gold
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 35CROTEAU EST: Larger CBSZ Gold Footprint… Preliminary Results, 2021 RC Drill Program ✓ Significant expansion of the gold-footprint of the CBSZ area ✓ Nine new core drill targets defined 2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 36
CROTEAU EST: Larger CBSZ Gold Footprint…
2021 RC Drill Program Gold Grain Results
Target # Sample Program Gold Grain Counts
No. No. Year Total Reshaped Modified Pristine
1 CBRC21-92 2021 120 12 9 99
CBRC21-93 2021 55 9 3 43
2 L755665 2012 112 8 7 97
3 L772459 2012 76 14 21 41
L772842 2012 50 3 11 36
4 L755303 2012 29 0 2 27
CBRC21-63 2021 55 5 8 42
5 1132459 2021 33 3 1 29
6 CBRC21-57 2021 44 2 0 42
CBRC21-95 2021 29 1 0 28
7 L772499 2012 63 7 19 37
L772498 2012 102 13 10 79
8 CRO14-186 2014 244 12 60 172
9 L773976 2012 104 6 13 85
L773977 2012 151 4 16 131
L772638 2012 104 12 33 59
Test N581952 2013 877 4 29 844
N581953 2013 182 12 13 157
N581954 2013 23 2 3 18
N581955 2013 47 3 9 35
2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 37CROTEAU EST: Larger CBSZ Gold Footprint… 2022 RC Drill Program ✓ To complete the work initiated in 2021 2/1/2022 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 38
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