CIM Presentation Chapais, Québec - n Superiornsuperior.com/cmsAssets/docs/pdfs/Croteau Est Gold...

19
CROTEAU EST: UPDATE CIM Presentation Chapais, Québec May 11 th , 2017

Transcript of CIM Presentation Chapais, Québec - n Superiornsuperior.com/cmsAssets/docs/pdfs/Croteau Est Gold...

CROTEAU EST:

UPDATE

CIM Presentation

Chapais, Québec

May 11th, 2017

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

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,

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.