The Conversation (0)
Northern Superior Resources Inc. (TSXV:SUP) announced that it has entered into an agreement to acquire the Waconichi Gold property from Murgor Resources Inc. (TSXV:MGR).
Northern Superior Resources Inc. (TSXV:SUP) announced that it has entered into an agreement to acquire the Waconichi Gold property from Murgor Resources Inc. (TSXV:MGR).
As quoted in the press release:
This acquisition, combined with the Company’s adjoining Croteau Est gold property, and its newly acquired holdings south and northeast (see Figure 1), of Croteau, will give Northern Superior a strategic property position of a large, contiguous, and easily accessible land package in the highly prospective Chibougamau- Chapais gold-copper camp of west-central Québec. The combined properties (now referred to simply as the Croteau Est property) consists of 513 claims that encompasses an area of approximately 22,576 hectares. The Croteau Est property is located just 10 kilometres northwest of Chibougamau, Québec. The main block of claims is accessible year round by three primary roads, extending from each a labyrinth of forestry roads.
Northern Superior’s President and CEO, Dr. T.F. Morris, said:
Exploration by Northern Superior on the combined Croteau Est/Waconichi property to date has clearly demonstrated that there is at least one large structure (the Croteau-Bouchard Shear Zone- CBSZ) that has the capacity to host large volumes of gold-bearing fluids. Geophysical and structural studies also indicate the presence for additional structures and “traps” elsewhere on the property that Northern Superior will begin to systematically evaluate through prospecting and geochemical surveys this summer.
To view the whole press release, click here.
