CIM Presentation Chapais, Québec - n Superiornsuperior.com/cmsAssets/docs/pdfs/Croteau Est Gold...
Transcript of CIM Presentation Chapais, Québec - n Superiornsuperior.com/cmsAssets/docs/pdfs/Croteau Est Gold...
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.
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Management
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Board
Thomas Morris (President and CEO)
François Perron (Chairman, Audit Committee)
Andrew Farncomb (Chair Audit Committee)
Sidney Himmel (Audit Committee)
John Kiernan
Arthur Murdy
David Beilhartz
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- Qualified person, all NSR
projects
Ron Avery, PGeo- Qualified person, Croteau Est/ TPK
Matt Sooley, PMP- Technical and field support, all NSR projects, NSR
data base manager
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Corporate
As of May 9th, 2017 Share Price: $ 0.065 Market Cap: $ 20, 701, 718 Cash Position (March 31st, 2017): $ 6,600,000 (approximate) Debt: None Issued and Outstanding Shares: 318,487,968 Options Outstanding: 17,550,000 Warrants Outstanding: 98,010,000 Compensation Options Outstanding: None
Strategy
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The Board of Directors and management of Northern Superior have been
working together to chart an exciting path to build value at the Company in
2017.
This involves a two pronged strategy:
1) Drilling Croteau Est to demonstrate the potential of expanding the
current resource estimate; and
2) Evaluating strategies to finance and advance the Ti-pa-haa-kaa-ning
(TPK) project which includes a district scale land package with
the potential to host multiple discoveries.
The new strategy at the Company is supported by several new shareholders as
a result of a financings completed in 2016 and 2017 in addition to a
comprehensive overhaul of the Board of Directors.
This will be a busy year marketing the many exciting initiatives underway to
current and prospective shareholders.
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Strategy: Mineral Properties On The Canadian Shield
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ADVANTAGES:
Intimate knowledge of the
area, lending itself to
exploration through the
overburden;
Reasonable access;
Robust exploration supply
and service industry; and
Supportive stakeholders
(shareholders/ First
Nation)
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Croteau Est
Within A Prolific Gold Producing Region
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Detour Gold (effective Dec. 31st, 2015): 1,156,780 ounces gold 3,886,000 ounces gold (measured & indicated) 1,121,000 ounces gold (total inferred)
Chapais- Chibougamau (since 1953): 16,395,000 ounces gold (proven and probable) 1,097,469,817 pounds Cu
Croteau Est The Property
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Key Advantages:
Availability of highly
prospective, under-
explored ground in an
important gold-
copper camp, Québec;
Obvious geologic
advantages; and
A number of support
advantages.
Inferred Resource
Croteau Est Understanding the Potential- Structural Trap Evolution
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Development: Shears/ Folds/ Faults- Dilatational Joints
Croteau Est: Understanding the Potential- “Blue- Sky”
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Inferred Resource
Opportunity to repeat
the CBSZ
Structural Evolution:
Compression;
D₂ Shearing;
F₂ Folding;
D₄ Faults.
Croteau Est: Understanding the Potential- Inferred Mineral Resource
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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.”
CBSZ
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
Repeatability?
Croteau Est: Understanding the Potential- The 2017 Core Drill Program
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Phase 1: Additional Ounces?
1) Demonstrate expansion of gold
mineralization east of the Croteau
Fault.
2) Provide a better understanding
of gold mineralization
associated with the
previously defined
inferred resource.
3) Phase 1 Complete:
4,373 m or 16 holes
Under budget by approximately
$300,000- only 40% of budget spent.
Croteau Est: Understanding the Potential- The 2017 Core Drill Program
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Phase 1: Conclusions from Drill Program?
1) Dealing with a large and varied mineralized
system.
AREA 1:
2) Demonstrated expansion of gold
mineralization east of the Croteau
Fault through the discovery of a
gold- bearing shear structure
(340 m long by 13- 23 m wide, open
to the east).
What we are seeing east of the
Croteau Fault vs. to the west
Very Different
Shear zone in tuffaceous
sediments
Much smaller shear system than
what is observed to the west
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Phase 1: Conclusions from Drill Program?
AREA 2:
3) The dykes seem to be key,
Structural traps to gold-
bearing fluids?
Rheological contrasts?
Competency contrasts?
Combination of factors?
Croteau Est: Understanding the Potential- The 2017 Core Drill Program
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Phase 1: Conclusions from Drill Program?
AREA 2:
3) The dykes seem to be key.
Whatever the case, the system
seems vertical:
- Chevrier deposit
- Komis deposit
- East Malartic
The system does not dip east to the
Croteau Fault as the resource model
suggested
There is now a great opportunity here
to understand the relationship of the
high grade shoots within this system
to source
Legault & Daigneault 2006
Croteau Est: Understanding the Potential- The 2017 Core Drill Program
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Phase 1: Conclusions from Drill Program?
AREA 3:
4) Discovery of a second gold-
bearing structure associated with
the cross- cutting Croteau South
Shear zone and Croteau Fault
Influence of the Croteau
Deformation zone?
By extension, provides
support for the hypothesis
that where ever this cross-
cutting relationship exists on
the property, there is an
opportunity for additional gold
mineralization
Croteau Est: Understanding the Potential- The 2017 Core Drill Program
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Phase 2 Planning:
Only $700,000 of the Phase 1,
$1million budget was spent-
only 40% of the total
$2million budget;
We have $1.3 million left to
spend on this project this
year;
Assays and geologic
interpretations
Trenching/ mapping area
# 3
Real focus to demonstrate additional ounces
Phase 2: Build on Success of Phase 1….
Other Opportunities A Tried and True Project Generator
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Northern Superior has 100% interest
in six additional properties:
Three in Northwestern Ontario;
Three in Québec; and
All available for option!
Northern Superior’s proprietary
geoscientific data base:
Generating quality exploration
projects for 15 years!
Summary
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The Board of Directors and Management of Northern Superior have been working
together to chart an exciting path to build value in the Company in 2017.
This involves a two pronged strategy:
1) Drilling Croteau Est to demonstrate the potential of significantly expanding the
current resource estimate; and
2) Evaluating strategies to finance and advance the Ti-pa-haa-kaa-ning (TPK)
project which includes a district scale land package with the potential to
host multiple discoveries.
The new strategy at the Company is supported by several new shareholders as a result
of a financings completed in 2016 and 2017 in addition to a comprehensive overhaul of
the Board of Directors.
This will be a busy year marketing the many exciting initiatives underway to current and
prospective shareholders.