NORTHERN SUPERIOR RESOURCES TPK Project: Evidence ... · NORTHERN SUPERIOR RESOURCES TPK Project:...

NORTHERN SUPERIOR RESOURCES TPK Project: Evidence Suggesting A New Gold Camp For Ontario

CIM- THUNDER BAY, FEBRUARY 10TH, 2016

TSX.V: SUP WWW.NSUPERIOR.COM T.F. Morris, PhD., FGAC, ICD.D, P.Geo.

WWW.NSUPERIOR.COMTSX.V:SUP2/10/16 SLIDE2

SAFEHARBOURSTATEMENT

Thispresenta7onincludescertain“forwardlookingstatements”.WhereNorthernSuperiorexpressesanexpecta7onorbeliefas

tofutureeventsorresults,includingmanagementplansand

objec7ves,andprojec7onsofexplora7onresults,such

expecta7onorbeliefisexpressedingoodfaithandisbelievedto

haveareasonablebasis.Whilethesestatementsrepresentourbestcurrentjudgment,theyaresubjecttorisksanduncertain7es

thatcouldcauseactualresultstovary,includingtheriskfactors

listedinSuperior’sAnnualInforma7onFormsavailableonthe

SEDARwebsitewww.sedar.com.Superiordoesnotassumethe

obliga7ontoupdateanyforwardlookingstatements.


PRESENTATION!  WhoisNorthernSuperiorResources,theTi-pa-haa-kaa-ning(TPK)mineralproperty,its

history?"  TPK"  NewGrowth"  Annex

!  Geological/StructuralSeWngs

!  Explora7on:"  TPK- Goldgrain-in-7lldispersalaprons

Goldmineralizedbouldertrains ReverseCircula7onDrillingandtargetdefini7on CoreDrilling

"  NewGrowth- Extension,goldgrain-in-7lldispersalapron

Mineralizedboulders Targetdefini7on

"  Annex- Goldgraindispersalcorridor

Mineralizedboulders Coredrilling


WHOISNSR(?):ExploringforGoldontheCanadianShield

"  JuniorexplorerforGold,CanadianShield;

"  TradesontheTSX-V:SUP;

"  Explora7oncurrentlyfocussedonits,LacSurpriseandWapistangoldproper7es,Québec;

"  Requirespartner(s)toadvancetheCompany’s100%ownedCroteauEst,TPK,andVilleMarieproper7es;and

"  RapsonBay,ThorneLakeandMestonLakeproper7escurrentlyinvolvedinli7ga7onwiththeOntarioGovernment.


WHOISNSR(?):Management

! Board" AlanMoon(Chairman.Audit;Compensa3on)" ArnoldKlassen(Audit*;CorporateGovernanceandNomina3ng)" WayneLivingstone(Environment,Health,SafetyandCSR*;CorporateGovernance

andNomina3ng)"  FredLecoq(CorporateGovernanceandNomina3ngCommiCee*,Audit)"  JohnPollesel(Compensa3on;Environment,Health,SafetyandCSR)"  ThomasMorris(Management)

*DenotesCommiCeeChair

! Management" ThomasMorrisPhD,FGAC,PGeo,ICD.D(PresidentandCEO)" DanRothberg(CorporateSecretary)


WHOISNSR(?):ManagedResponsiblyAsofFebruary1st,2016SharePrice: $0.020MarketCap: $3,791,559WorkingCapital(approximate): $1,300,000Debt: NoneIssuedandOutstandingShares: 188,654,889Op7onsOutstanding: 12,194,567WarrantsOutstanding: 0Compensa7onOp7onsOutstanding: 0FullyDiluted: 200,849,456


TI-PA-HAA-KAA-NING(TPK):MineralProperty

"  470kmNNEThunderBay"  30kmwestRingOfFire"  30kmnorthofNeskantagaFN


TPK:GeneralApributes

"  Newgold-copper-silvergreenstonebelt;

"  ManagedunderanEEBA

withLocalFirstNa7on;

"  Establishedyearroundcamp;

"  EstablishedtrailsystemfromcamptoTPKpartofproperty;

"  Technicalreportcompleted;and

"  Propertycomponents?

"  Verylarge,district-scale,gold-bearingsystem;


" NSRformerlySuperiorDiamondsInc." Regionaloverburdensamplingprograms" Completesuiteofheavymineralscollected–KIMs,BaseMetals,Gold" OverburdenDrillingManagementLimited-importanceofcon7nuity/rela7onshipwithanexcellentlab

TPKHistory:2002


TPKHistory:TheToolKit

" Overburdensampling(primarily7ll)

" Goldgrainmorphology

" ICP/INAgeochemistry

" Regional,airbornegeophysics

" Groundmag/IPsurveys

" MMI

" Prospec7ng

" RCDrilling

" Coredrilling

Pris7ne<100mm

Modified100-500mm

Rounded500mm+


TPKHistory:2007

" Firstcrackatconsolida7ngtheproperty."  Thiswastheprecursorto

discoveryofthe“apron.”

" Startedbuildingapropertyaroundsamplingassociatedwithdiamondexplora7on." Fromthisoriginalsampling,somethingsignificanthadtoexistwithinthearea,fromgoldgrainsrecoveredfrommaterials(glaciofluvial)associatedwiththeregionalsub-glacialdrainagesystem.


TPKHistory:2009-NSRandNeskantagaFirstNa7on

!  ProgramhasoperatedunderanEarlyEconomicDevelopmentAgreementwithNeskantagasince2009

"  Comprehensiveagreementthatensures:

a)clearlinesofcommunica7onandengagementdefinedb)iden7fiesopportuni7esforFirstNa7onemploymentc)iden7fiesopportuni7esforFirstNa7onbusinessesd)founda7onformorecomprehensiveagreementsastheprojectdevelops


TPKHistory:2010

" Ittook:a)threeover-burdensamplingprograms;andb)acoredrillprogram!  tofullyappreciate

thesizeofthesystemweweredealingwith


TPKHistory:2010-WhySoLong?

"  Notjustaboutthegeology!

" Aboriginalrela7onships" Establishmentofcamp,trailsystem" Fuelstorage


TPKHistory:2010-WhySoLong(?)-Logis7csaseriousissue

" SITEACCESS

# Roads# Planes# Helicopters


TPK:Geological/StructuralSeWng(2010)

! PrimaryStructuralControl:"  Gold-recep7vesplayshearsoffamajor

inflec7on,Stull-WunnumminFault.

!  GeologicComponents,2010:"  FreureLakeBatholith"  SperoLakeBatholith"  GreenstoneBelts


TPK:Geological/StructuralSeWng

! PrimaryStructuralControl:"  Gold-recep7vesplayshearsoffamajor

inflec7on,Stull-WunnumminFault.

! Comparable:"  Malar7c-Vald’Orgolddistricton

splaysoffmajorbend,LarderLake-CadillacFault.


TPK:Explora7on-GoldGrain-In-TillDispersalApron

KeyCharacteris7cs:"  Secondlargestgold-

bearingshearsysteminNorthAmerica,definedprimarilybyagoldgrain-in-7lldispersalapron,supportedbygeologicalmapping,geophysicsanddrilling;

"  Gold-bearingshearzone/apron,24kmlong;and

"  Mostgoldgrainspris7ne,1250grainsfromone7llsample.

COMPARABLES:Meadowbank: 3.5Mozproven/probable 1.4MozindicatedMeliadine: 2.6Mozprobable 1.5MozindicatedCasaBerardi 1.5Mozproven/probable 0.8MozmeasuredandindicatedRainyRiver 4.4Mozmeasuredandindicated


"  TheBlackwaterdepositislarge;

"  NI43-101compliantprovenandprobablemineralreserveof8.17Mozgoldand60.8Mozsilverin344Mtgrading0.74g/tAuand5.5g/tAg(Chris7eetal.2014);and

"  Subcropsbeneaththe7ll,i.e.,theareaexposedtoglacia7on,measures~300x1000m.(fromAverill,2015)

TPKExplora7on:Perspec7ve,BlackwaterDeposit,B.C.


TPKExplora7on:Perspec7ve,NorthquestProperty,PistolBay,Nunavut

"  Propertyiss7llearlystage,butthegoldgraindispersaltrainonthepropertyappearstobeverysimilarinsizetotheknowndispersaltrainfromthe8MozBlackwatergolddepositinBri7shColumbiaandwouldbedetectedatthesame300x1000-1500msamplespacingusedintheBlackwatersurvey

"  NordgoldIntendstoMakeanAll-CashOfferforNorthquestLtd-December16th,2015:•  Inadepressedmarket,basedonearly

explora7onstageresults;•  Topurchasetheremaining50%of

NorthquestthatNordgolddoesnotown;and

•  Dealworth$26.9milliondollars.


TPKExplora7on:MineralizedBoulderTrains

Seepressrelease,September15th,2010

"  Prospec7ngfocussedoniden7fyingandcollec7ngmineralizedboulders,outcrop.


TPKExplora7on:KeyTargetsDefined

! EIGHTPRIORITYTARGETSDEFINED

Seepressrelease,December8th,2011

Target 8

Targets 6, 5, 4

Target 7

Target 3

Target 1

Target 2

CoreDrilling:"  Onlytwotargetsdrilled,#1and3andanareawestofTarget#2;and"  NONEOFTHEPRIMARYTARGETSHAVEBEENDRILLED!

" ResultsfromRCdrillingprovidestwopiecesofinvaluableinforma7oninaterraincoveredinoverburden:

-  Anaccurate

bedrockmap;and-  Eightexcellentdrill

targetsbasedonthedistribu7onand

concentra7onofgoldgrains.

?


TPKExplora7on:BedrockGeologyBeperDefined

BEDROCKGEOLOGY:" SperoLakeBatholith" Basalt" Gabbro" FreureLakeBatholith" ContactStock

# leucogranite

ShearedLeucogranite:" Unliketheshearedgranodiorite,significantlyaltered" Theprincipalaltera7onmineralsaresericite,ironsulphides–mainlypyritebutlocallyalsopyrrho7te,arsenopyriteandfluorite.


TPKExplora7on:CoreDrilling

"  RainyRivercompletedthreephasesofdiamonddrilling,59holes,13,458.1m"  TestedTargetsthreeandone,bothlowpriority

"  Testedanareawestoftargettwo

"  Highlightedbyanintersec7onof28.75g/tgold13.45m(TPK-10-004,Target3)

TPK-10-004,Target3


TPKExplora7on-NewGrowth

Gold-bearingshear-zoneextension-GoldTargets

Basedon: a)distribu7onofanomalousgoldgrainsrecoveredfromlocallyderived7lls;b)distribu7onofanomalous7llArsenic(As)values;andc)interpreta7onofstructurefromahigh-resolu7onairbornemagne7cssurvey(2011).


1)

2)

3)4)

!  KeeleyLakeGoldGrainDispersalCorridor

"  Minimumwidth3.5km

"  Twosourceareas:1)NewGrowthAnnex2,3,4)NewGrowth!  GoldGrainSource?"  NewGrowth-Mul7pleShears?

"  Annex-GreenstoneBelt

TPKExplora7on-NewGrowth:GoldGrainDispersalCorridor


TPKExplora7on-NewGrowth:Prospec7ng

BoulderRecovered:"  30+cmwidebornite-chalcopyritebearingquartz

veinhostedinamoderatelytostronglyshearedmonzoniteboulderwithdimensionsapproximately2.0mx1.5mx1.5m;

"  Thequartzveinreturnedvaluesof12.60g/t

gold,111g/tsilver,and4.05%copper;and"  Thesizeandtabularshapeoftheboulder

suggeststhatitwastransportedashortdistancebyglacialice,andthereforerecoveredrela7velyproximaltotheup-icebedrocksource.


TPKExplora7on-NewGrowth:KeyTargetsDefined

"  Structuralinterpreta7onfromNSR’shighresolu7onairbornemagne7cdatabyStop(2011);and

"  14targetsselected.

"  TargetNG11-002Awithinagreenstonebelt,within2kmfromtheStull-WunnumminFault;

"  Areasofstructuraldisloca7ons;"  Right-handedextensionalbend,hydrothermalfluidsinvasion;"  Proximityoftargetstoiron-forma7on;and"  20ppbAurecoveredfrombrecciatedbasaltoutcrop500m

NWofNG


TPKExplora7on-Annex

"  KeelyLakegoldgraindispersalcorridor(upto3.5kmwide,10kminlength)

"  Corridorillustratedbyhatchedoutline

"  Corridorillustratedbyanomalouspropor7onalcircles(largercircles).


TPKExplora7on-AnnexProspec7ngandKeyTargets

"  Boulders(100)recoveredonthemargins,within,anddown-iceofafaultedandshearedgreenstonebeltthatmeasuresatleast7kmlongby2kmwide;

"  83bouldersamplesanomalousingold(>0.005g/t),24ofthoseassayedbetween0.1and1.0g/t,9ofthosesamplesover1g/t;and

"  Severalhighqualitytargetsdefinedfromgeophysics,distribu7onandconcentra7onofgoldgrainsandmineralizedboulders,limited(7holes,2,241m)coredrilling.


TPKExplora7on-AnnexGeophysics,GroundMagne7cSurvey

"  Inaddi7ontotheairborneTMIsurveyNorthernSuperiorcompletedagroundSpectralIP/Resis7vityandMagne7cSurveysinthewinterof2012overtheheadofthegold-graindispersalcorridorandinterpretedextentofthegreenstonebelt

"  IPanomalycentresovermagne7cs"  76.3line-kms(Mag);50msta7on

spacing

"  36.3line-kms(IP/RES),50msta7onspacing;


BasedonfavourableseWngwithrespecttotheboulder/grabandgoldgrain-in-7llresultsobtainedfromNorthernSuperiorinthefallof2011,IPanomalyamplitude,clarity,qualityandspectralsignature,thefollowingIPtargetsaresuggested(JVXLtd.,2012,);"  Threetargetsalongthemagne7czoneboundarythatincludestheheadoftheKeelyLake

dispersalcorridor."  Threetargetsaroundthemagne7chighinthenorthwestpartofthegrid.

TPKExplora7on-AnnexGeophysics,TargetsDefined

Magne7cswithcircledIPtargets,NewGrowthAnnex,JVXLtd.,2012


TPKExplora7on:AnnexCoreDrilling

2012DiamondDrillProgram

"  Sevenholescompleted,2,241mofdrilling;and

"  Gradesupto4.62g/tgoldover5.5mincluding20.8g/tgoldover1.0m.

SeepressreleaseJune26th,2012


NORTHERNSUPERIOR’sTPKPROJECT:

MOVINGFORWARD…….1)  HavetobelievethattheGovernment/FirstNa7onIssuesare

goingtoeventuallygetresolved

2)  Alltheheavyli|ingforthisprojecthasbeendone-threeexcep7onalareasdefinedonthispropertyallwithdrillreadytargets

3)  Giventhecurrentpoli7calandeconomicenvironment,isnownotthe7metotakeadvantageofthisexcep7onalopportunity?

NORTHERN SUPERIOR RESOURCES TPK Project: Evidence ... · NORTHERN SUPERIOR RESOURCES TPK Project:...

Documents

Transcript of NORTHERN SUPERIOR RESOURCES TPK Project: Evidence ... · NORTHERN SUPERIOR RESOURCES TPK Project:...