Exciting New Discoveries at Northern Superior’s Philibert Gold Project
Northern Superior Resources Inc. is making waves in the mining industry with its latest discoveries at the Philibert gold property in Quebec. The Company, which holds a 75% interest in the project with SOQUEM holding the remaining 25%, recently announced additional results from its ongoing 20,000 metres expansion drilling campaign.
Significant Intersections Outside Current Resource Pit
The latest results include holes PB-25-475 and PB-25-477, which intersected impressive gold grades outside the current resource pit. PB-25-475 saw 1.94 g/t Au over 31.0 metres located under the current resource pit from the Grey Fox footwall, and 1.73 g/t Au over 6.1 metres located under the current resource pit from the Grey Fox hanging wall. Meanwhile, PB-25-477 intersected 2.03 g/t Au over 19.7 metres below the current resource pit from the Grey Fox footwall.
New Core Area Discovered
These new discoveries join previously reported hole PB-25-476, which intersected 2.89 g/t Au over 10.6 metres. Together, these holes outline a new core area with all three intersecting the Grey Fox footwall (FW) zone along a strike of 150 metres and up to 200 metres vertically. All three holes are outside the current resource pit, indicating significant potential for growth.
Impact on the Mining Industry and Investors
For investors, these discoveries represent a potential boost to the value of Northern Superior Resources Inc. As gold prices continue to rise, the potential for new discoveries and resource growth is highly sought after. With Northern Superior’s Philibert Project located only 9 km from IAMGOLD Corporation’s Nelligan project, the Company is well-positioned to benefit from the ongoing gold rush in the region.
Impact on the World
On a larger scale, these discoveries contribute to the ongoing exploration and development of the mining industry. The Philibert Project’s proximity to other major gold projects in the region, such as IAMGOLD’s Nelligan project, highlights the potential for continued discoveries and growth in the area. Moreover, the potential for new discoveries and resource growth is essential in meeting the world’s increasing demand for precious metals like gold.
Conclusion
Northern Superior Resources Inc.’s latest discoveries at the Philibert gold project represent an exciting development in the mining industry. With three significant intersections outside the current resource pit, the Company is outlining a new core area with the potential for significant growth. For investors, these discoveries represent an opportunity to capitalize on the ongoing gold rush in the region. On a larger scale, these discoveries contribute to the ongoing exploration and development of the mining industry and the world’s increasing demand for precious metals.
- Northern Superior Resources Inc. announces significant gold discoveries at Philibert Project
- Three holes intersect Grey Fox footwall outside current resource pit
- New core area discovered with potential for growth
- Impact on investors and the mining industry
- Continued exploration and development essential to meet global demand for precious metals
