Northern Superior Resources Ville-Marie Diamond Property, Quebec: Opportunity in the Re-Vitalized Canadian Diamond Exploratio...
March 17 2014 - 3:40PM
Marketwired
Northern Superior Resources Ville-Marie Diamond Property, Quebec:
Opportunity in the Re-Vitalized Canadian Diamond Exploration Sector
SUDBURY, ONTARIO--(Marketwired - Mar 17, 2014) - Northern
Superior Resources (TSX-VENTURE:SUP) ("Northern Superior" or the
"Company") 100% owned Ville-Marie diamond property located in
west-central Québec (Figure 1), is a project of opportunity in a
revitalized Canadian diamond sector. Northern Superior's
predecessor, Superior Diamonds Inc., completed extensive diamond
exploration from 2003-2008 on the original Ville-Marie property
discovering two kimberlite pipes and defining a series of (10)
high-quality kimberlite targets. As a consequence, the Property was
maintained to include the key assets in Northern Superior's
portfolio: the Morin kimberlite pipe and the 10 targets (Figure 2).
Due to a renaissance in Canadian diamond exploration, it is
important to remind the industry of the potential of the
Ville-Marie property. The Company is seeking an option partner to
advance exploration in 2014.
The highly prospective Ville-Marie diamond property is situated
within the Temiscamingue Structural Zone (TSZ- Figure 1). The
Property consists of a large contiguous 130 claim block (6,532
hectares), located within the core of the well-defined TSZ which
represents an area of the Superior Craton that is considered
prospective for diamondiferous kimberlites. Two kimberlite pipes
have been defined to-date: the Morin diamondiferous pipe and the
Honorat pipe (untested for microdiamonds). A yellow transparent
microdiamond was recovered from the Morin pipe in 2007 from only
6.92 kilograms of crater-facies kimberlite drill core. Diamond
indicator mineral geochemistry from the Morin pipe confirms that
the area has the potential for the discovery of diamond-bearing
kimberlites (see press release, Superior Diamonds Inc., September
20, 2007).
The discovery of the Morin and Honorat pipes provided key
signatures that serve as extremely important exploration guides
elsewhere on the Property. The 10 targets defined by Northern
Superior (Figure 2) are based on these signatures and include: a)
the distribution and concentration of KIMs (including G10 Cr-pyrope
garnets, pyrope-almandine (eclogitic paragenesis) garnets, high
Cr-chromites, kimberlitic ilmenites and Cr-diopsides; b) kimberlite
float (same suite of KIMs); and c) magnetic and gravity geophysical
anomalies.
Dr. T.F. Morris comments: "Given the renewed interest in
Canadian diamond exploration, Northern Superior has made a
strategic decision to find a partner to advance the exploration on
this high potential Property. With 10 untested kimberlite targets
defined within a proven kimberlite field, the potential for success
is high. All of these targets are easily accessible in a region
that is supportive of exploration. Northern Superior will be
aggressively looking for a partner to move exploration on this
Property forward as we continue to focus on our gold
properties."
The Company's Qualified Person ("QP") for the Ville-Marie
property is Scott Parsons (MSc., MBA, P.Geo.). As the QP, Mr.
Parsons has prepared or supervised the preparation of the
scientific and technical information for this program and has
verified the data disclosed in this press release.
To view Figure 1, Property location, Ville-Marie, Quebec, please
visit the following link:
http://media3.marketwire.com/docs/sup1.jpg.
To view Figure 2, Ville-Marie property, location of the Morin
kimberlite pipe and proposed kimberlite targets, please visit the
following link: http://media3.marketwire.com/docs/sup2.jpg.
About Northern Superior Resources Inc.
Northern Superior is a junior exploration company exploring for
gold in the Superior Province of the Canadian Shield, specifically
in the Provinces of Québec and Ontario (see Company web site,
www.nsuperior.com) in the Stull-Wunnumin (Ontario) and
Chibougamau-Chapais (Québec) gold districts. Northern Superior is a
reporting issuer in British Columbia, Alberta, Ontario and Québec,
and trades on the TSX Venture Exchange under the symbol SUP.
For Investors
Forward looking statements: This news release includes
certain "forward-looking information" within the meaning of
Canadian securities legislation and "forward-looking statements"
within the meaning of the United States Private Securities
Litigation Reform Act or 1995 (collectively, "forward looking
statements"). Forward looking statements include predictions,
projections and forecasts and are often, but not always, identified
by the use of words such as "seek", "anticipate", "believe",
"plan", "estimate", "forecast", " expect", " potential", "project",
"target", "schedule", "budget" and "intend" and statements that an
event or result "may", "will", "should", "could" or "might" occur
or be achieved or other similar expressions and includes the
negatives thereof. All statements other than statements of
historical fact included in this release, including, without
limitation, statements regarding potential mineralization,
exploration results, interpretation of results, the timing and
success of exploration activities generally, the timing and results
of future resource estimates, and future plans and objectives of
Northern Superior are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Forward looking statements are based on a number
of material factors and assumptions. Important factors that could
cause actual results to differ materially from Northern Superior's
expectations include exploration risks, changes in project
parameters as plans continue to be refined, results of future
resources estimates, future metal prices, availability of capital
and financing on acceptable terms, general economic, market or
business conditions, uninsured risks, regulatory changes, defects
in title, availability of personnel, materials and equipment on a
timely basis, accidents or equipment breakdowns, delays in
receiving government approvals, unanticipated environmental impacts
on operations and costs to remedy same, and other exploration or
other risks detailed herein and from time to time in the filings
made by the Company with securities regulators. Although the
Company has attempted to identify important factors that could
cause actual actions, events or results to differ from those
described in forward looking statements, there may be other factors
that cause such actions, events or results to differ materially
from those anticipated. There can be no assurance that forward
looking statements will prove to be accurate and accordingly
readers are cautioned not to place undue reliance on forward
looking statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Northern Superior ResourcesThomas F. Morris P.Geo., FGAC, PhD.,
ICD.DPresident and CEO(705) 525 -0992(705) 525
-7701info@nsuperior.comwww.nsuperior.com
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