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NORTHERN SUPERIOR RESOURCES TPK Project: Evidence Suggesting A New Gold Camp For Ontario
CIM- THUNDER BAY, FEBRUARY 10TH, 2016
TSX.V: SUP WWW.NSUPERIOR.COM T.F. Morris, PhD., FGAC, ICD.D, P.Geo.
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SAFEHARBOURSTATEMENT
Thispresenta7onincludescertain“forwardlookingstatements”.WhereNorthernSuperiorexpressesanexpecta7onorbeliefas
tofutureeventsorresults,includingmanagementplansand
objec7ves,andprojec7onsofexplora7onresults,such
expecta7onorbeliefisexpressedingoodfaithandisbelievedto
haveareasonablebasis.Whilethesestatementsrepresentourbestcurrentjudgment,theyaresubjecttorisksanduncertain7es
thatcouldcauseactualresultstovary,includingtheriskfactors
listedinSuperior’sAnnualInforma7onFormsavailableonthe
SEDARwebsitewww.sedar.com.Superiordoesnotassumethe
obliga7ontoupdateanyforwardlookingstatements.
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PRESENTATION! WhoisNorthernSuperiorResources,theTi-pa-haa-kaa-ning(TPK)mineralproperty,its
history?" TPK" NewGrowth" Annex
! Geological/StructuralSeWngs
! Explora7on:" TPK- Goldgrain-in-7lldispersalaprons
Goldmineralizedbouldertrains ReverseCircula7onDrillingandtargetdefini7on CoreDrilling
" NewGrowth- Extension,goldgrain-in-7lldispersalapron
Mineralizedboulders Targetdefini7on
" Annex- Goldgraindispersalcorridor
Mineralizedboulders Coredrilling
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WHOISNSR(?):ExploringforGoldontheCanadianShield
" JuniorexplorerforGold,CanadianShield;
" TradesontheTSX-V:SUP;
" Explora7oncurrentlyfocussedonits,LacSurpriseandWapistangoldproper7es,Québec;
" Requirespartner(s)toadvancetheCompany’s100%ownedCroteauEst,TPK,andVilleMarieproper7es;and
" RapsonBay,ThorneLakeandMestonLakeproper7escurrentlyinvolvedinli7ga7onwiththeOntarioGovernment.
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WHOISNSR(?):Management
! Board" AlanMoon(Chairman.Audit;Compensa3on)" ArnoldKlassen(Audit*;CorporateGovernanceandNomina3ng)" WayneLivingstone(Environment,Health,SafetyandCSR*;CorporateGovernance
andNomina3ng)" FredLecoq(CorporateGovernanceandNomina3ngCommiCee*,Audit)" JohnPollesel(Compensa3on;Environment,Health,SafetyandCSR)" ThomasMorris(Management)
*DenotesCommiCeeChair
! Management" ThomasMorrisPhD,FGAC,PGeo,ICD.D(PresidentandCEO)" DanRothberg(CorporateSecretary)
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WHOISNSR(?):ManagedResponsiblyAsofFebruary1st,2016SharePrice: $0.020MarketCap: $3,791,559WorkingCapital(approximate): $1,300,000Debt: NoneIssuedandOutstandingShares: 188,654,889Op7onsOutstanding: 12,194,567WarrantsOutstanding: 0Compensa7onOp7onsOutstanding: 0FullyDiluted: 200,849,456
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TI-PA-HAA-KAA-NING(TPK):MineralProperty
" 470kmNNEThunderBay" 30kmwestRingOfFire" 30kmnorthofNeskantagaFN
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TPK:GeneralApributes
" Newgold-copper-silvergreenstonebelt;
" ManagedunderanEEBA
withLocalFirstNa7on;
" Establishedyearroundcamp;
" EstablishedtrailsystemfromcamptoTPKpartofproperty;
" Technicalreportcompleted;and
" Propertycomponents?
" Verylarge,district-scale,gold-bearingsystem;
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" NSRformerlySuperiorDiamondsInc." Regionaloverburdensamplingprograms" Completesuiteofheavymineralscollected–KIMs,BaseMetals,Gold" OverburdenDrillingManagementLimited-importanceofcon7nuity/rela7onshipwithanexcellentlab
TPKHistory:2002
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TPKHistory:TheToolKit
" Overburdensampling(primarily7ll)
" Goldgrainmorphology
" ICP/INAgeochemistry
" Regional,airbornegeophysics
" Groundmag/IPsurveys
" MMI
" Prospec7ng
" RCDrilling
" Coredrilling
Pris7ne<100mm
Modified100-500mm
Rounded500mm+
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TPKHistory:2007
" Firstcrackatconsolida7ngtheproperty." Thiswastheprecursorto
discoveryofthe“apron.”
" Startedbuildingapropertyaroundsamplingassociatedwithdiamondexplora7on." Fromthisoriginalsampling,somethingsignificanthadtoexistwithinthearea,fromgoldgrainsrecoveredfrommaterials(glaciofluvial)associatedwiththeregionalsub-glacialdrainagesystem.
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TPKHistory:2009-NSRandNeskantagaFirstNa7on
! ProgramhasoperatedunderanEarlyEconomicDevelopmentAgreementwithNeskantagasince2009
" Comprehensiveagreementthatensures:
a)clearlinesofcommunica7onandengagementdefinedb)iden7fiesopportuni7esforFirstNa7onemploymentc)iden7fiesopportuni7esforFirstNa7onbusinessesd)founda7onformorecomprehensiveagreementsastheprojectdevelops
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TPKHistory:2010
" Ittook:a)threeover-burdensamplingprograms;andb)acoredrillprogram! tofullyappreciate
thesizeofthesystemweweredealingwith
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TPKHistory:2010-WhySoLong?
" Notjustaboutthegeology!
" Aboriginalrela7onships" Establishmentofcamp,trailsystem" Fuelstorage
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TPKHistory:2010-WhySoLong(?)-Logis7csaseriousissue
" SITEACCESS
# Roads# Planes# Helicopters
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TPK:Geological/StructuralSeWng(2010)
! PrimaryStructuralControl:" Gold-recep7vesplayshearsoffamajor
inflec7on,Stull-WunnumminFault.
! GeologicComponents,2010:" FreureLakeBatholith" SperoLakeBatholith" GreenstoneBelts
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TPK:Geological/StructuralSeWng
! PrimaryStructuralControl:" Gold-recep7vesplayshearsoffamajor
inflec7on,Stull-WunnumminFault.
! Comparable:" Malar7c-Vald’Orgolddistricton
splaysoffmajorbend,LarderLake-CadillacFault.
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TPK:Explora7on-GoldGrain-In-TillDispersalApron
KeyCharacteris7cs:" Secondlargestgold-
bearingshearsysteminNorthAmerica,definedprimarilybyagoldgrain-in-7lldispersalapron,supportedbygeologicalmapping,geophysicsanddrilling;
" Gold-bearingshearzone/apron,24kmlong;and
" Mostgoldgrainspris7ne,1250grainsfromone7llsample.
COMPARABLES:Meadowbank: 3.5Mozproven/probable 1.4MozindicatedMeliadine: 2.6Mozprobable 1.5MozindicatedCasaBerardi 1.5Mozproven/probable 0.8MozmeasuredandindicatedRainyRiver 4.4Mozmeasuredandindicated
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" TheBlackwaterdepositislarge;
" NI43-101compliantprovenandprobablemineralreserveof8.17Mozgoldand60.8Mozsilverin344Mtgrading0.74g/tAuand5.5g/tAg(Chris7eetal.2014);and
" Subcropsbeneaththe7ll,i.e.,theareaexposedtoglacia7on,measures~300x1000m.(fromAverill,2015)
TPKExplora7on:Perspec7ve,BlackwaterDeposit,B.C.
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TPKExplora7on:Perspec7ve,NorthquestProperty,PistolBay,Nunavut
" Propertyiss7llearlystage,butthegoldgraindispersaltrainonthepropertyappearstobeverysimilarinsizetotheknowndispersaltrainfromthe8MozBlackwatergolddepositinBri7shColumbiaandwouldbedetectedatthesame300x1000-1500msamplespacingusedintheBlackwatersurvey
" NordgoldIntendstoMakeanAll-CashOfferforNorthquestLtd-December16th,2015:• Inadepressedmarket,basedonearly
explora7onstageresults;• Topurchasetheremaining50%of
NorthquestthatNordgolddoesnotown;and
• Dealworth$26.9milliondollars.
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TPKExplora7on:MineralizedBoulderTrains
Seepressrelease,September15th,2010
" Prospec7ngfocussedoniden7fyingandcollec7ngmineralizedboulders,outcrop.
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TPKExplora7on:KeyTargetsDefined
! EIGHTPRIORITYTARGETSDEFINED
Seepressrelease,December8th,2011
Target 8
Targets 6, 5, 4
Target 7
Target 3
Target 1
Target 2
CoreDrilling:" Onlytwotargetsdrilled,#1and3andanareawestofTarget#2;and" NONEOFTHEPRIMARYTARGETSHAVEBEENDRILLED!
" ResultsfromRCdrillingprovidestwopiecesofinvaluableinforma7oninaterraincoveredinoverburden:
- Anaccurate
bedrockmap;and- Eightexcellentdrill
targetsbasedonthedistribu7onand
concentra7onofgoldgrains.
?
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TPKExplora7on:BedrockGeologyBeperDefined
BEDROCKGEOLOGY:" SperoLakeBatholith" Basalt" Gabbro" FreureLakeBatholith" ContactStock
# leucogranite
ShearedLeucogranite:" Unliketheshearedgranodiorite,significantlyaltered" Theprincipalaltera7onmineralsaresericite,ironsulphides–mainlypyritebutlocallyalsopyrrho7te,arsenopyriteandfluorite.
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TPKExplora7on:CoreDrilling
" RainyRivercompletedthreephasesofdiamonddrilling,59holes,13,458.1m" TestedTargetsthreeandone,bothlowpriority
" Testedanareawestoftargettwo
" Highlightedbyanintersec7onof28.75g/tgold13.45m(TPK-10-004,Target3)
TPK-10-004,Target3
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TPKExplora7on-NewGrowth
Gold-bearingshear-zoneextension-GoldTargets
Basedon: a)distribu7onofanomalousgoldgrainsrecoveredfromlocallyderived7lls;b)distribu7onofanomalous7llArsenic(As)values;andc)interpreta7onofstructurefromahigh-resolu7onairbornemagne7cssurvey(2011).
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1)
2)
3)4)
! KeeleyLakeGoldGrainDispersalCorridor
" Minimumwidth3.5km
" Twosourceareas:1)NewGrowthAnnex2,3,4)NewGrowth! GoldGrainSource?" NewGrowth-Mul7pleShears?
" Annex-GreenstoneBelt
TPKExplora7on-NewGrowth:GoldGrainDispersalCorridor
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TPKExplora7on-NewGrowth:Prospec7ng
BoulderRecovered:" 30+cmwidebornite-chalcopyritebearingquartz
veinhostedinamoderatelytostronglyshearedmonzoniteboulderwithdimensionsapproximately2.0mx1.5mx1.5m;
" Thequartzveinreturnedvaluesof12.60g/t
gold,111g/tsilver,and4.05%copper;and" Thesizeandtabularshapeoftheboulder
suggeststhatitwastransportedashortdistancebyglacialice,andthereforerecoveredrela7velyproximaltotheup-icebedrocksource.
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TPKExplora7on-NewGrowth:KeyTargetsDefined
" Structuralinterpreta7onfromNSR’shighresolu7onairbornemagne7cdatabyStop(2011);and
" 14targetsselected.
" TargetNG11-002Awithinagreenstonebelt,within2kmfromtheStull-WunnumminFault;
" Areasofstructuraldisloca7ons;" Right-handedextensionalbend,hydrothermalfluidsinvasion;" Proximityoftargetstoiron-forma7on;and" 20ppbAurecoveredfrombrecciatedbasaltoutcrop500m
NWofNG
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TPKExplora7on-Annex
" KeelyLakegoldgraindispersalcorridor(upto3.5kmwide,10kminlength)
" Corridorillustratedbyhatchedoutline
" Corridorillustratedbyanomalouspropor7onalcircles(largercircles).
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TPKExplora7on-AnnexProspec7ngandKeyTargets
" Boulders(100)recoveredonthemargins,within,anddown-iceofafaultedandshearedgreenstonebeltthatmeasuresatleast7kmlongby2kmwide;
" 83bouldersamplesanomalousingold(>0.005g/t),24ofthoseassayedbetween0.1and1.0g/t,9ofthosesamplesover1g/t;and
" Severalhighqualitytargetsdefinedfromgeophysics,distribu7onandconcentra7onofgoldgrainsandmineralizedboulders,limited(7holes,2,241m)coredrilling.
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TPKExplora7on-AnnexGeophysics,GroundMagne7cSurvey
" Inaddi7ontotheairborneTMIsurveyNorthernSuperiorcompletedagroundSpectralIP/Resis7vityandMagne7cSurveysinthewinterof2012overtheheadofthegold-graindispersalcorridorandinterpretedextentofthegreenstonebelt
" IPanomalycentresovermagne7cs" 76.3line-kms(Mag);50msta7on
spacing
" 36.3line-kms(IP/RES),50msta7onspacing;
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BasedonfavourableseWngwithrespecttotheboulder/grabandgoldgrain-in-7llresultsobtainedfromNorthernSuperiorinthefallof2011,IPanomalyamplitude,clarity,qualityandspectralsignature,thefollowingIPtargetsaresuggested(JVXLtd.,2012,);" Threetargetsalongthemagne7czoneboundarythatincludestheheadoftheKeelyLake
dispersalcorridor." Threetargetsaroundthemagne7chighinthenorthwestpartofthegrid.
TPKExplora7on-AnnexGeophysics,TargetsDefined
Magne7cswithcircledIPtargets,NewGrowthAnnex,JVXLtd.,2012
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TPKExplora7on:AnnexCoreDrilling
2012DiamondDrillProgram
" Sevenholescompleted,2,241mofdrilling;and
" Gradesupto4.62g/tgoldover5.5mincluding20.8g/tgoldover1.0m.
SeepressreleaseJune26th,2012
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NORTHERNSUPERIOR’sTPKPROJECT:
MOVINGFORWARD…….1) HavetobelievethattheGovernment/FirstNa7onIssuesare
goingtoeventuallygetresolved
2) Alltheheavyli|ingforthisprojecthasbeendone-threeexcep7onalareasdefinedonthispropertyallwithdrillreadytargets
3) Giventhecurrentpoli7calandeconomicenvironment,isnownotthe7metotakeadvantageofthisexcep7onalopportunity?