NORTHERN SUPERIOR RESOURCES - TPK Three Large Scale Opportunities: One Great Company! - Northern Superior Resources Inc.
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NORTHERN SUPERIOR RESOURCES
Three Large Scale Opportunities:
One Great Company!
TPK…
Lac Surprise…
Croteau Est…
January, 2021
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. 1/26/2021 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
✓ Gord Morrison
✓ David Medilek
• Advisor
✓ John Kiernan
• Management
✓ Thomas Morris PhD, FGAC, PGeo , ICD.D (President and CEO)
✓ Dan Rothberg (Corporate Secretary)
✓ Jeannine Webb (Chief Financial Officer)
✓ Roxanne Gélineau (Office Manager)
• Technical
✓ Thomas Morris PhD, FGAC, PGeo , ICD.D
✓ Matt Sooley, PMP
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 3
Corporate Share Price (Jan. 20th, 2021) $ 1.14 Market Cap: $ 72,053,722 Hard Dollars (Nov. 25th, Dec. 17th, 2020): $ 2,433,381 Ontario F.T. (Nov. 25th): $ 3,678,346 Québec F.T.: (Nov. 25th, Dec. 17th, 2020): $ 3,400,000 Total Cash: (Dec. 28th, 2020): $ 9,511,727 Debt: None EV: (Jan. 20th, 2021): $ 62,541,995 Following last financing, December 17th, 2020. Issued and Outstanding Shares: 63,205,019 Options Outstanding: 2,195,000 (0.43) Warrants Outstanding (I): 6,242,858* (0.10) Warrants Outstanding (II): 1,190,150** (1.20) *Trading restrictions apply, see Northern Superior press release, December 30, 2019 ** Trading restrictions apply, see Northern Superior press release, December 17th, 2020 1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 4
Key Shareholders Tables will be updated as information becomes available 1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 5
TPK: Location
✓ 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.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 6
TPK: The Property, Size and Scale
30km x 20km/ 2,431 claims/ 47,796 hectares…
Key Advantages:
✓ 100% Northern Superior;
✓ Modern, year round camp;
✓ Bulldozer accessible trail
system from camp to key
targets, Big Dam area;
✓ Proposed access road from
camp to current winter road;
✓ Property conducive to year
round drilling; and
✓ Early Exploration Benefits
Agreement (EEBA).
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 7
TPK: Facilitating Gold Emplacement
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.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 8
TPK: Evidence, High Grade Gold?
Gold Grains…
Big Dam Gold Grain-In-Till Dispersal
Apron:
• Unique geological feature, largest in
North America;
• Very large number of gold grains, up
to 1262 grains per 10 kg sample, most
pristine;
• Cannot get this apron size, number of
gold grains, unless significant gold
mineralization occurs, bedrock
surface;
• This system extends 35kms across the
TPK property!
“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 Scale, Think New Gold District.
Atlantic Gold/ Meadowbank/ Hope Bay/ Casa Berardi/ Aurion Resources….Meliadine…
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 9
TPK: Evidence, High Grade Gold?
Gold Grains… Meliadine Example…
• Agnico Eagle’s Meliadine deposit, associated gold grain dispersal train is large:
✓ Approximately 18km long by 8.0km wide; and
✓ Approximately 340 (max total) gold grains per 7.2kg overburden sample.
Big Dam Apron is almost 2 times wider with approximately 4 times as many gold grains over their best
sample collected in their “Discovery Zone”.
Proven and probable reserves
Diagram: McMartin, 2010 ✓ 3.7 million ounces gold;
✓ 16.7 million tonnes at 6.97
g/t gold.
+
Indicated Mineral Resource
✓ 3.18 million ounces gold;
✓ 25.96 million tonnes at
3.81 g/t gold.
+
Inferred Mineral Resource
✓ 2.60 million ounces gold;
✓ 13.48 million tonnes at
6.00 g/t gold.
(Agnico Eagle, 2019)
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 10TPK: Evidence, High Grade Gold?
Boulders…
Goose Lake Goose Lake target
41 g/ t Au
Little Crying Boy Lake
target
High Grade Gold- Bearing Boulders:
Little Crying Boy Lake
Highlighted Big Dam Gold Assays
Year Boulders Gold
Collected Collected g/t
2010 484 94.2
2011 103 14.0
Gold-Mineralized Boulder Trains:
2017 255 24.7
Compared to…
Highlighted Meliadine Gold Assays
• Embedded within the gold grain-in-till dispersal apron;
Year Boulders Gold • Several gold-bearing, boulder dispersal trains;
Collected Collected g/t • Boulders are high grade = high grade gold systems; and
2010 209 27.9
2011 87 6.81
• Boulder lithology and geochemistry reveals much
2013 675 65.6 regarding host rocks for the gold.
2014 248 14.4
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 11TPK: Evidence, High Grade Gold?
Boulders + Outcrop + Drill Core…
2.8% Fe Goose Lake
2.2% Fe
1.5% Fe
Little Crying Boy Lake
(Syenogranite)
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 12TPK: Evidence, High Grade Gold?
High grade 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)
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 13TPK: Targeting- Big Dam Area
Basal Gold Grain Data… Till Geochemistry…
Goose Lake
TPK-10-004: 25.87 g/t Au over 13.50m Basal Gold Grain Data
TPK-11-013: 04.74 g/t Au over 06.84m
Little Crying
Boy Lake
TPK-12-30: 59.60g/t Au, 92.3 g/t
Ag and 3.19% Cu over 0.5 m;
TPK-12-34: 16.15g/t Au over 1.5m; Goose Lake
TPK-12-40: 7.85 g/t Au over 0.8m; &
TPK-12-43: 8.85 g/t Au over 1.0m
Little Crying
Till Arsenic Geochemistry… Boy Lake
… pathfinder element…
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 14TPK: Targeting- Big Dam Area
Boulder Geochemistry Data…
Goose Lake
Boulder Gold Geochemistry
Little Crying
Boy Lake
Goose Lake
Boulder Arsenic Geochemistry
…pathfinder element… Little Crying
Boy Lake
So just from overburden data alone…
… key targets defined…
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 15TPK: Targeting- Big Dam Area
Magnetic Data, Faults…
ICE
Aerial Mag Data- 1st Derivative:
DIRECTION
Goose Lake ✓ Note east- west fabric, magnetics (explains
✓ Non- Magnetic 25.87 g/t Au historic S-N drilling); and
Granite
✓ 2.8% Fe
over 13.5m ✓ NW-SE magnetic destruction, faulting,
silicification.
✓ Magnetic Granite
Breaks in
✓ 2.2% Fe
Magnetics-
Silicification?
Goose Lake
Mineralized Silicified
Alteration Zone Secondary Fault
24.7g/t Au
Mineralized Silicified
Alteration Zone
Little Crying Boy Lake
Lateral Gradient Magnetics:
✓ E-W pattern gone, NW-SE pattern emerges;
✓ Goose Lake/ Little Crying Boy connected…
3.2kms of strike length; and
✓ How do we know it is silicified… we nicked it!
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 16TPK: Targeting- Big Dam Area
Nicking the Silicified Alteration Zone…
TPK-10-004: 25.87 g/t gold, 13.5 m (incl. 749 g/t over 0.3m) from 149.3 metres.
Strongest mineralization associated with coarse visible gold high angle smoky- grey quartz veins.
✓ Extensive Biotite-
Carbonate- Sericite
alteration
✓ Stockwork Quartz- Biotite-
Carbonate veining
✓ Disseminated sulphides=
i) Pyrite up to 15%
ii) Pyrrhotite/ Arsenopyrite
✓ Foliation at high angle to
core axis!
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 17TPK: Targeting- Big Dam Area
N-S Silicified Understanding the system…initial observation…
Alteration Zone, …Oblique view along axis of interpreted mineral zone,
Offset ? GOOSE LAKE…
✓ TPK-11-013 intersection truncated by
the fault- still ran: 4.74 g/t Au over
6.84m including 15.52 g/t Au over
1.5m and 33.90 g/t Au over 0.5m.
✓ TPK-10-004
25.87 g/t Au over 13.5 metres
(True width ~4 metres).
Fault Zone in Bore holes
N-S Silicified
Alteration Zone 100m
Open along strike
and at depth Orientation, Future Drilling
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 18TPK: Targeting- Big Dam Area
Understanding the System…Inversion Data…Drilling for Gold
N-S Mineralized Silicified Alteration Zone, Offset
Mineralized Silicified Alteration Zone
N-S Mineralized Silicified Alteration Zone Goose Lake
59.6 gpt Au,
92.3 gpt Ag &
3.19% Cu over 0.5m
Sericite Schists
Little Crying Boy Lake
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 19TPK: Targeting- Big Dam Area
Inversion Data…Drilling for Gold
N-S Mineralized Silicified Alteration
Zone Offset GOOSE LAKE TARGET
Proposed Phase I Collar
(4 holes, 689m total)
Proposed Phase II Collars
(5 holes, 5 collars, 790m total)
NOTE: Collar placement dependant
results, Phase I
N-S Mineralized Silicified
Alteration Zone
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 20TPK: Targeting- Big Dam Area
Inversion Data…Drilling for Gold
N-S Mineralized Silicified Alteration Mineralized Silicified
Zone, Offset Alteration Zone, Offset
Goose Lake target
(see previous slide)
N-S Mineralized Silicified
Alteration Zone LITTLE CRYING BOY
LAKE TARGET
Proposed Phase I Collar
(4 holes, 1900m Total)
Proposed Phase II Collar
(2 Collars, 2 holes, 900m Total)
Note: Collar placement dependant
results, Phase I
59.6 gpt Au,
92.3 gpt Ag &
3.19% Cu over 0.5m
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 21TPK: “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
Gold Grain Data…
IP Trend
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 23TPK: Targeting- Annex Area
Boulder Data…Key Drill Gold Assays…
NG-12-003C: 04.62 g/t Au over 5.50m
NG-12-005C: 13.40 g/t Au over 1.90m
NG-12-007C: 01.20 g/t Au over 2.50m
IP Trend
727 g/t Au
48.2 g/t Ag
5.93 g/t Au
>1% Cu
2.13 g/t Au
>1% Cu
Assay results, see Northern Superior press release, June 26, 2012.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 24TPK: Targeting- Annex
Proposed Drill Collar Locations…
One discovery follow- up area
+ three target areas defined:
Target 1 ✓ Au- Ag targets associated
with a basalt- andesite/
quartz diorite-
8 holes, 7collars 2400m Total monzogranite contact
Target 2
✓ Au- Cu target associated
with a dolerite- diorite-
gabbro/ quartz- diorite
Discovery monzogranite contact.
Follow-up
✓ Discovery follow-up
drilling proposed to
understand orientation of
local structure associated
with hole NG-12-003C,
4.63g/t Au over 5.50m.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 25TPK: “Blue Sky” District Scale Opportunity-
New Growth… Big Dam Extension…
• 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 spacingTPK: “Blue Sky” District Scale Opportunity-
New Growth Targeting…
• Extension of the Big Dam Area- 29 km west: 35 km system!
• Target selection:
✓ Structural interpretation from
proprietary high resolution,
airborne magnetic data; and
✓ 14 targets selected- none ever
prospected, drilled.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 27Ti-pa-haa-kaa-ning (TPK): Progress
• Northern Superior initially exploring region for diamonds
2002-2007 • Realises significant potential for gold mineralization and switches focus
• Three till-sampling and drilling campaigns to appreciate the scale of the system (6 x 11km gold grain-in-
till dispersal apron)
2007-2009 • Approximate source of mineralized system constrained within Freure Lake Granitoid
• Rainy River Resources (RRR) JV undertakes two drill programs that significantly advance understanding
of the property geology, until RRR bought out by New Gold in 2012
2010-2012 • Drill core intersection highlights include 25.9g/t Au over 13.5m
• Northern Superior re-logs drill core from 2012 drill program and re-interprets RRR drill results
2017 • Prospecting ties mineralized boulders to specific bedrock sources
• Yamana JV undertakes drill program that confirms extensive, gold-bearing hydrothermal systems (8)
2019 within the Big Dam area of the property
• Targeting completed, drill programs and budgets set for both the Big Dam and Annex areas of the
2019- 2020 property
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 28TPK: Summary
Positioned for discovery:
Big Dam Area
✓ Two high priority targets defined;
Blue Sky Opportunities..
✓ Annex Area: Three high priority targets defined;
Discovery follow- up; and
✓ New Growth: 29kms of untested ground!
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 29LAC SURPRISE and
CROTEAU EST
Remarkable Gold Opportunities in
the Highly Prospective Chapais-
Chibougamau Camp
July, 2020
TSXV:SUP/ OTCQB:NSUPFDistrict Advantage: Lac Surprise/Croteau Est
1) Northern Superior has a large and commanding land position of
511 claims or 27,723.5 hectares associated with both mineral properties, within the
Chapais- Chibougamou mineral exploration and mining camp…
2) Entire camp is heating up: Monster Lake, Nelligan, Windfall; Doré Copper, Blue Thunder; etc.
3) Camp drill costs very reasonable at only $168.67/ m…
• Programs provide tremendous value for cost/m
• All suppliers, services readily available
• Year round access to both properties by all-season road
4) Excellent relationships with key First Nation Communities
5) Both properties have significant gold discoveries, additional blue sky potential:
• Latest Lac Surprise drill program defines extension of the Nelligan gold resource
(3.2million ounces) hydrothermal system onto the Lac Surprise property; and
• Latest Croteau Est drill program “cracked the code” regarding the understanding of
high grade gold mineralization associated with the 640,000 ounce gold deposit, which
is open at depth and along strike, both directions!
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 31LAC SURPRISE/ CROTEAU EST: Location
Both Within An Active, Prolific Gold Producing Region
Chapais- Chibougamau (since 1953):
16,395,000 ounces gold (proven and probable) 1,097,469,817 pounds Cu
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 32LAC SURPRISE: Within An Active Mining District
Nelligan Hydrothermal System Extension…
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.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 33LAC SURPRISE: The Property
Our Neighbours…
Very active camp, in
particular:
i) Blue Thunder
(Blue);
ii) IAMGold/ Vanstar
Nelligan Deposit
(Orange);
iii) IAMGold/ Kintavar
Lac Surprise (Mustard); and
iv) Northern Superior
(Gold).
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 34LAC SURPRISE: The Property…
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
274 claims
services provided by
15,178.5 ha
three local communities,
long history and tradition
of mineral exploration
and mining.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 35LAC 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).
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 36LAC SUPRISE: Westward Extension, Nelligan Gold-Bearing
Hydrothermal System, Lac Surprise
Possible Extensions:
• South Limb (Èpervier
Zone)*;
• North Limb;
and
• Northern Trend
see Northern Superior Press
Release, October 23rd, 2020)
*Note: Secondary faults illustrated do not necessarily represent all faults that could exist.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 37LAC SURPRISE: The Hydrothermal System…
• The hydrothermal system extending onto Lac Surprise from the Nelligan gold
deposit is a large, altered and mineralized system; and
• This regional system remains open both laterally and at depth.
Hydrothermal System Defined By:
• Silica-Sericite-Fuchsite-Biotite-Carbonate
alteration with quartz-carbonate stringers and
disseminated-lenticular pyrite;
• Disseminated pyrite- dominated sulphide
assemblage;
• Absence of wide veining;
• Intense silicification associated with elevated gold
values;
Example of mineralization encountered within • Late to post kinematic mineralization; and
the hydrothermal system, Lac Surprise.
• Positive correlation with molybdenum and wider
associations of sericite and carbonate alteration.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 38LAC SURPRISE: Targeting…
• System trends east to
west.
• Finger printing of gold
zones associated with the
Nelligan gold deposit
important in terms of
understanding the
potential of Lac Surprise
for “commercial-scale”
gold mineralization
Targets 1- 3, Northern Superior 2020 Core Drill Target Areas
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 39LAC SURPRISE: Targeting…
Fingerprinting Nelligan
• Geophysical inversion work on Nelligan complete.
• Gold zones at Nelligan associated with:
a) Strong destruction of magnetic signature; and
b) Mineralization clearly associated with 60° faults.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 40LAC SURPRISE: Targeting…
Fingerprinting Nelligan
Magnetism destruction likely caused by fluid flow associated with intrusion
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 41LAC SURPRISE: Targeting…
Fingerprinting Nelligan
• Nelligan gold zones associated with 60° faults
• Fault orientation and magnetic destruction also observed on Lac Surprise
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 42LAC SURPRISE: Results, Target 1
LCS20-13/ LCS19-005ext (see Northern Superior Press Release,
November 5th, 2020; December 22nd, 2020).
Summary LCS20-13:
• Discovery, new gold zone: 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 new 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
consists of wacke);
✓ best mineralization occurs at or near
the contact between the clastic
sediments and the volcanoclastics;
✓ primary mineral, pyrite (1 to 5%); and
✓ silicified material (LCS20-13, weak to
moderate); and
• Presence of potentially stratigraphic
controlled gold-bearing units.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 43LAC SURPRISE: Results Target 1b…
• Top of hole LCS20-21 assayed
0.33g/t AuEq over 18.0m,
associated with a moderately
biotized greywacke with 1-3%
disseminated pyrite.
• LCS20-21 was collared in this
unit which is associated with
the contact of a strong NE to
SW geophysical trend, marking
a highly favorable exploration
target with a strike length of
285 meters.
• Hole LCS20-20 did not return
any significant gold assays.
• Prior to any further drilling, however, additional work on the geophysical interpretation of the
target is required to further refine future drill collar locations.
See Northern Superior press release, January 21st, 2021.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 44LAC SURPRISE: Results Target 1- 2, “Northern Trend”
• Hypothesis of gold-bearing fluids
moving through Target 1 via
the Northern “Trend” towards
Target 2 has proven correct.
• Evidenced by the intersection of
multiple gold-bearing sections
within drill holes LCS20-15, 16,
17, 18, 19 and 22.
• Emphasized by the assay result
LCS20-19 (3.14g/t gold over 3m,
800m NW of discovery holes
LCS20-13, 17 and LCS19-005
ext.), and the Black Phoenix
showing grab sample (19.9g/t
gold).
• Thus, the relationship between the Falcon Gold Zone and this Northern Trend is of strong interest to
the company going forward.
(see Northern Superior press releases December 22, 2020, January 20, 2021).
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 45LAC SURPRISE: “Blue Sky”, Target Area 3
• Target Area 3 was identified as
a compelling target
prior to the initiation of
Phase I drilling.
• The only reason it was not
drilled in Phase 1 was
due to time
constraints.
• Target 3 is part of a system
that extends 5kms
across the property
linking target Area 1, 2
and 3.
• This same system is linked to the IAMGold / Vanstar Nelligan gold deposit 2.4 kms west of the Lac
Surprise boundary, which hosts an inferred gold resource of 3.2MM at 1.02 g/t Au.
(see Northern Superior press release January 20, 2021).
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 46LAC SURPRISE: “Blue Sky”, Target Area 3
• Additional research on this target, including additional geophysical modelling and a more
thorough review of regional historic work, has dramatically increased the size and scope of the
opportunity
• Recent geophysical inversion modeling
suggests the presence of an intrusion
(potential heat source) with
characteristics similar to those defined
within the Nelligan gold deposit,
leading to the discovery of the Falcon
Gold Zone, Target Area 1. Including:
- A large, deeply rooted intrusion;
- Associated with 60° faults; and
- Associated large areas magnetic
lows suggesting areas of
silicification and alteration
leading to magnetic destruction.
• Three such large areas identified (Blue): 1) SE (~4.0 x 1.0kms); 2) NE (~2.0 x 2.0kms); and NW
(~1.0km x 1.0km) of the proposed intrusion.
• All lie within the boundaries of the Lac Surprise property.
(see Northern Superior press release January 20, 2021).
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 47LAC SURPRISE: “Blue Sky” Potential… Other Considerations
Fox and Fox North Showing
Surprise 1 Showing
Tonolite-1 Showing
Amber Area
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 48LAC SURPRISE: 2021 Phase 2 Drill Plan
Northern Superior will initiate its
Phase 2 drill program early
February, 2021:
• Initial focus will be Target 1;
• All logistics are in place to
execute the program;
• 12 holes or 5,000m to define
the lateral extent and
depth of the newly
discovered Falcon
Gold Zone; and
• Additional 12 holes or 5,000m
to be allocated to
Target 3 and follow-up
drilling, Target 1.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 49LAC SURPRISE: Progress…
• Regional till sampling program identified source areas for gold grain-in-till dispersal train; and
2010-2012 • Property scale prospecting and geophysical surveys (mag. & IP).
• Vanstar acquires Nelligan property and initiates exploration programs (2010); and
• Discovery of the Liam, Dan and Mila zones, Nelligan gold deposit.
2010-2014
• Northern Superior and Bold Venture JV, Lac Surprise (2014);
• Discovery of the Amber, Fox Zones and Black Phoenix gold showings; and
2014- 2017 • JV terminated as Bold unable to complete earn-in (2017).
• Vanstar and IAMGold sign JV agreement, Nelligan property (2014); and
2014- 2019 • 43-101 compliant gold resource announced, 3.2 million ounces gold at 1.02g/t (2019).
• Northern completes 12 hole 3,228m drill program in the north east of the Lac Surprise property;
• Discovered extension of gold- bearing hydrothermal system from the Nelligan gold deposit onto the Lac Surprise property; and
2019 • Key intersection, hole LCS-19-008, gold grade and width typical of Nelligan gold deposit (1.54 g/t Au over 15.15m).
• Completed a 4648.5m core drill program, 12 holes;
• Discovery holes Target 1, LCS20-13 1.07 g/t AuEq over 35.5m; LCS19-005 ext. 1.55g/t AuEq over 44.9m;
2020 • Proved additional high value exploration areas at Target 1b, the “Northern Trend” and Target 2.
(see Northern Superior press release January 20, 2021).
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 50LAC SURPRISE: Summary
• Northern Superior is ready to advance its recent discoveries.
• Focus is to define the extension of the hydrothermal system associated with the Nelligan
gold property across the Lac Surprise property; and
• Budget, drill program planned:
- Phase 1: $800,000 program, 5,000m or approximately 14 core drill holes.
- Phase 2: $1.2M program: 6,000m- 8,000m or ~20 core drill holes.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 51CROTEAU EST: The Property
30km by 15km/ 237 claims/ 12,545 hectares…
Key Advantages:
• 100% Northern Superior;
• Availability of highly
Inferred Resource prospective, under- explored
ground in an important gold-
copper camp, Québec;
• A number of support
advantages ($168.67/m all in);
and
• Pre-development agreement,
Oujé Bougoumou.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP 52CROTEAU 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?
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 53CROTEAU EST: Cracking the High Grade Code
High Grade Ore Shoots at Surface…
• CBSZ is contained within a West- East shear zone:
✓ Exhibiting advanced argillic alteration: Carbonate/ Ankerite/ Sericite/ Fuchsite;
✓ Gold associated with pyrite (15%) and chalcopyrite (2%); and
✓ Historic environment for hosting gold deposits, this camp (e.g. Joe Mann, Cooke mines etc…).
• High grade gold values associated with at least 9, east dipping (shallow) zones:
✓ Importance of Quartz- Feldspar Porphyry and Intermediate Porphyry Dykes.
• Exposed high grade gold shoot (1 of 4 originally defined):
a) two zones of > 10 g/ t Au, 2.5m x 2.0 m and 2.0m x 0.5m;
b) enclosed by a halo of >5g/ t Au, 7.0m x 2.5m; and
c) enclosed by a halo of gold mineralization of >3g/ t Au over
an area of 8.0m x 3.0m.
(see press release, November 3rd, 2014)
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 54CROTEAU EST: Cracking the High Grade Code
Highlights, 2017 Core Drill Program…
• Success Rate, High Grade Intersections: Pre- Phase II, 2017= 57%
Phase II- III, 2017= 96%
• High grade intersections of up to 705 g/t gold over 0.50m.
• High grade widths of up to 11.06 g/t gold over 9.10m (including 43.75 g/t gold over 2.00m),
61.24 g/t gold over 5.95 m (including 705 g/t gold over 0.5 m).
• High grade mineralization occurring >400 m vertical depth: 7.50 g/t gold over 7.95m including 56.40
g/t gold over 1.00m between 489.90m to 497.85m.
• Mineralized widths of up to 1.99 g/t gold over 34.65m (including 9.46 g/t gold over 2.35m).
• Several previously unrecognized mineralized
zones, potentially adding significant
ounces.
• Longitudinal and lateral continuity of
mineralization.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 55CROTEAU EST: Cracking the High Grade Code
High Grade Ore Shoots: West/ East/ at Depth…
#’s = High grade values
Table, previous slide…
“Mineable width and grade”
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 56CROTEAU 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’.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 57CROTEAU EST: High Grade at Depth?
Building Ounces and Demonstrating Continuity…
Near Eastern Extension, CBSZ
• Demonstrate continuity of the
south- easterly plunging ore
shoots of the CBSZ towards the
Croteau Deformation Zone
Far-East Planned DDH
(CDZ).
Near-East Planned DDH
Facing North East
Central Depth Planned DDH
• Test that the CBSZ mineralization is an offshoot
of the CDZ.
• Confirm down plunge east and at depth, filling
gaps in existing resource.
(Phase I 2017 drilling did not test for mineralization
at depth, east of the Croteau Fault).
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 58CROTEAU EST: Blue Sky Regional Potential…
Inferred Resource
Multiple opportunities
to repeat the CBSZ
1 2 3 Specific, Identified
Opportunities:
4 1 Western Extension,
CBSZ;
2 Trench 101;
3 Area #5;
4 Croteau South
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 59CROTEAU EST: Progress
• Croteau Est property optioned to Northern Superior Resources
2011
• Initiation, core drill programs, discovery of high grade gold system
2011- 2014
• Initiation, prospecting, overburden and bedrock sampling programs, discovery several gold showings
• Chalice JV defined, 43-101 open pit compliant resource
2014 • 11.6 million tonnes, grade 1.7ppm Au; yielding 640,000 ounces of gold
• “Cracked the code”
2017 • Understanding the high grade shoot system, 43-101 compliant resource
• Core drill program and budget set to define the lateral and depth extensions, 43-101 gold resource
2018-2019
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 60CROTEAU EST: Summary
• Northern Superior is ready to advance its recent discoveries.
• Focus is to grow the resource east and at depth;
• Test some of the more prospective showings; and
• Budget, drill program planned:
- $1M- $2M core drill program: 6,000m- 12,000m or ~20- 40 core drill holes.
1/26/2021 WWW.NSUPERIOR.COM TSX.V: SUP/ OTCQB:NSUPF 61You can also read
