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KRO Company Profile

Northern Superior Resources Inc (SUP-V)

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Northern Superior Resources Inc was formed through the merger of Canabrava Diamonds and Superior Diamonds, both diamond exploration juniors related to the Southwestern stable. Northern Superior started off exploring for kimberlites in Ontario's James Bay Lowlands and the region north of Thunder Bay, and when these plays waned the junior branched off into Quebec where it is still tracking indicator minerals on the Lesperance and Ville Marie projects. During the past five years Northern Superior embarked on regional reconnaissance work in northern Ontario west of the James Bay Lowlands, and in the process generated a major gold grain dispersion train in an area near Lansdowne at the western limit of the "Ring of Fire" in the McFauld's Lake region. The 50:50 JV with Lake Shore Gold called Ti-pa-haa-kaa-ning (TPK) encompasses a new overburden covered greenstone belt where the target is to find a world class gold system. Drilling has intersected gold in narrow veins and anomalous values in shears, but nothing that yet qualifies as a freegold source of the gold in till anomalies. The focus of work by Northern Superior in 2009 will be to beeter define the Big Dam target area with geophysical surveys, more detailed till sampling, and shallow RC drilling..
Trade DateVolumeHighLowCloseChgStatus
February 24, 201722,000$0.07$0.07$0.07$0.00Trading
Basic Info
Listed On:TSX Venture: SUP6/21/1994Sector:ResourceKey People
Issued:189,577,9699/30/2016Story Type:Mineral ExplorationThomas F. Morris (CEO), Francois Perron (Chair), Andrew Farncomb (Chair), Jeannine P. M. Webb (CFO), Merushe Verli (CFO), Casey Hetman (VP EX), Donald Boucher (VP EX)
Diluted:198,582,969
JK Owns:No
Insider Stake:25%7/27/2016Tel:(705) 525-0992
Working Capital:$610,3179/30/2016Email:Address
Market Cap:$12,322,568
Web Site:www.nsuperior.ca1351C Kelly Lake Road, Unit 7, Sudbury, ON, P3E 5P5, Canada
Cash Breakup:$0.00per sh

Ranking within Company's Price Range based Group
All KRO as of Feb 24, 2017Group MedianCompanyPercentileScore
Price Range:below $0.10Issued:42,004,551189,577,9699.4%48.4%
Price Group Total:669Working Cap:$0$610,31787.4%
TSXV KRO as of Feb 24, 2017Group MedianCompanyPercentileScore
Price Range:below $0.10Issued:52,669,424189,577,9698.0%47.4%
Price Group Total:514Working Cap:($183,616)$610,31786.8%
Group figures exclude delisted and suspended companies. The higher the company percentile the better, based on the assumptions that the lowest issued shares and highest working capital are best. The score is the average of the percentiles. A percentile is that percentage of a group that a member ranks higher than. Note that issued and WC reflect latest financials.
History of Past Recommendations
Edition Date Price
Recommendation Gain
BF1996 12/5/1995 $0.36 New BF MP Buy $0.30-$0.49 0%
BF1996 10/28/1996 $0.33 BF Dud Sell 100% -33%
BF2009 12/24/2008 $0.03 New BF XP Buy below $0.10 -70%
BF2009 12/30/2011 $0.29 BF Technical Closeout Hold 0% 190%
Charts & Financing Activity

 Most recent 43-101 resource estimate  Prior resource estimate  PEA  PFS  FS/BFS/DFS
Private Placement Key
less than $500,000 $1,000,000 - $2,000,000 $5,000,000 - $10,000,000 $20,000,000 - $50,000,000
$500,000 - $1,000,000 $2,000,000 - $5,000,000 $10,000,000 - $20,000,000 over $50,000,000
Private placement financing dates and value ranges are based on transactions reported by the TSXV Monthly Review.
Date Company Type Quantity Price FT Units Amount Broker
Aug 30, 2002 Superior Diamonds Inc PP 4,000,000 $0.250
Units $1,000,000
Dec 31, 2002 Superior Diamonds Inc PP 428,570 $0.350 FT Units $150,000
Dec 31, 2002 Superior Diamonds Inc PP 1,000,003 $0.350
Units $350,001
Jan 16, 2004 Superior Diamonds Inc PP 804,018 $0.750 FT Units $603,014
Jan 19, 2004 Superior Diamonds Inc PP 932,000 $0.750
Units $699,000
Mar 3, 2004 Superior Diamonds Inc PP 6,000,000 $0.100
Units $600,000
Dec 20, 2004 Superior Diamonds Inc PP 1,500,000 $0.400

$600,000
Apr 28, 2005 Superior Diamonds Inc PP 444,444 $0.450
Units $200,000
Apr 28, 2005 Superior Diamonds Inc PP 1,461,111 $0.450
Units $657,500
Apr 28, 2005 Superior Diamonds Inc PP 3,604,060 $0.500 FT
$1,802,030
Sep 30, 2005 Superior Diamonds Inc PP 333,333 $0.450
Units $150,000
Oct 5, 2005 Superior Diamonds Inc PP 333,333 $0.450
Units $150,000
Dec 29, 2005 Superior Diamonds Inc PP 650,000 $0.450 FT Units $292,500
Mar 31, 2006 Superior Diamonds Inc PP 777,777 $0.450
Units $350,000
Jun 12, 2006 Superior Diamonds Inc PP 9,440,000 $0.500 FT Units $4,720,000
Jun 12, 2006 Superior Diamonds Inc PP 1,120,000 $0.450
Units $504,000
May 28, 2007 Superior Diamonds Inc PP 10,379,600 $0.650 FT Units $6,746,740
May 28, 2007 Superior Diamonds Inc PP 5,422,100 $0.600
Units $3,253,260
Sep 11, 2009 Northern Superior Resources Inc PP 10,000,000 $0.100 FT Units $1,000,000
Jan 6, 2010 Northern Superior Resources Inc PP 26,581,165 $0.120 FT Units $3,189,740
Sep 15, 2010 Northern Superior Resources Inc PP 3,125,000 $0.200

$625,000
Jan 14, 2011 Northern Superior Resources Inc PP 12,500,000 $0.800

$10,000,000
Feb 1, 2011 Northern Superior Resources Inc PP 2,617,521 $1.100 FT
$2,879,273
Feb 1, 2011 Northern Superior Resources Inc PP 4,113,248 $1.400 FT
$5,758,547
Aug 19, 2011 Northern Superior Resources Inc PP 1,388,889 $0.360

$500,000
Jul 12, 2012 Northern Superior Resources Inc PP 2,631,579 $0.190

$500,000
Nov 22, 2016 Northern Superior Resources Inc PP 40,000,000 $0.050
Units $2,000,000
Capital
Financials Dated: September 30, 2016 Reporting Period: 9 months Year End: 12/31 Currency: CAD
Assets Liabilities Income
Cash Equivalents: $1,037,035 Current Liabilities: $515,305 Operating Revenues: $0
Receivables etc: $88,587 Tangible LT Debt: $0 Operating Cash Costs: $0
Current Assets: $1,125,622 Intangible LT Debt: $0 Operating Cash Flow: $0
Long Term Assets:$3,704,273Total Liabilities:$515,305Operating Non-Cash Costs:$0




Miscellaneous Revenue:$9,094
Total Assets: $4,829,895 Share Capital: $62,799,807 Cash Expenses: $633,433


Shareholder Deficit: ($58,485,217) Non-Cash Expenses: $4,960
Working Capital: $610,317 Net Shareholder Equity: $4,314,590 Total Expenses: $638,393




Overall Cash Flow:($633,433)
Monthly Overhead:$70,381

Net Income (Loss):($638,393)

Note:
Structure & People
Directors, Officers and Employees: 2,285,333 1.2% AGM: July 27, 2016
Other Insiders: 44,930,769 23.7% People Tree Available
Past Reported Shareholders: 60,213,004 N/A
Related Party Occupation Related
Since
Insider Director Officer Capacity Ownership %
Andrew Farncomb
11/22/2016 Chairman 0 0.0%
Sidney Himmel Accountant 11/22/2016

0 0.0%
John Kiernan Broker (Pro) 11/22/2016

0 0.0%
Thomas F. Morris Geologist 5/1/2002 CEO & President 1,297,333 0.7%
Arthur Murdy
8/2/2016

988,000 0.5%
Francois Perron Fund Manager 11/1/2017 Chairman 0 0.0%
Donald Boucher Geologist

VP Exploration 0 0.0%
Casey Hetman Geologist 11/21/2011
VP Exploration 0 0.0%
Susy H. Horna


Corporate Secretary 0 0.0%
Lake Shore Gold Corp
11/2/2010


44,930,769 23.7%
Merushe Verli
3/10/2016
CFO 0 0.0%
Jeannine P. M. Webb Administrator 10/3/2016
CFO 0 0.0%
Past Insiders and Reported Shareholders - Current Ownership Status unknown
Related Party Occupation Related
Since
Insider
Ended
Director
Ended

Capacity Ownership
James (Cameron) Andrews Engineer 5/28/2007


Placee 8,400
Philip Armstrong Broker (Pro) 5/28/2007


Placee 100,000
Parkash K. Athwal

3/11/2016

CFO 0
Ed Balcewich Broker (Pro) 5/28/2007


Placee 16,000
Thomas W. Beattie Geologist 1/1/2002 5/9/2008 5/9/2008
Director 143,000
Thomas Beggs Broker (Pro) 5/28/2007


Placee 16,000
Gary Bogdanovich Broker (Pro) 5/28/2007


Placee 50,000
Brian R. Booth
8/17/2007 12/11/2014 12/11/2014
Director 46,500
Thomas J. Clapp Broker (Pro) 1/6/2010


Placee 400,000
Donny Cordick Broker (Pro) 5/28/2007


Placee 16,000
James Dale Broker (Pro) 1/6/2010


Placee 900,000
Robert Duncan Broker (Pro) 5/28/2007


Placee 16,000
Stephen Gaull Broker (Pro) 5/28/2007


Placee 8,400
Murray A. Gordon Accountant 1/1/2004 8/14/2008 8/14/2008
Director 0
Hochschild Mining Holdings Ltd Institution 5/25/2009


Insider 10,053,007
Mark Holden Broker (Pro) 5/28/2007


Placee 250,000
Roland Horst Geologist 8/19/2008 5/6/2013 5/6/2013
Director 0
Joe Dwek Management Consultants Inc. Institution 9/3/2010


Insider 8,328,665
Joshua Kingsmill Broker (Pro) 5/28/2007


Placee 25,000
Arnold Klassen Accountant 8/19/2008 11/22/2016 11/22/2016
Director 125,500
Fred Lecoq
11/12/2012 11/22/2016 11/22/2016
Director 663,000
Leroux Family Trust Broker (Pro) 5/28/2007


Placee 300,000
K. Wayne Livingstone Geologist 1/1/1998 11/22/2016 11/22/2016
Director 80,000
Paolo Lostritto Broker (Pro) 5/28/2007


Placee 50,000
David Lyall Broker (Pro) 5/28/2007


Placee 500,000
Donald S. McFarlane Broker (Pro) 5/28/2007


Placee 59,200
Marie McFarlane Broker (Pro) 5/28/2007


Placee 84,000
Nirvaan Meharchand Broker (Pro) 1/6/2010


Placee 417,000
Stephen Meyer Broker (Pro) 5/28/2007


Placee 50,000
MineralFields Group Institution 9/11/2009


Placee 6,666,665
Alan C. Moon Businessman 1/1/2003 11/22/2016 11/22/2016
Chairman 442,200
James W. Mustard Geologist 5/28/2007


Placee 23,100
Derek Nelson Broker (Pro) 5/28/2007


Placee 100,000
Cyrus Osena Broker (Pro) 5/28/2007


Placee 80,200
Stephen Parsons Broker (Pro) 5/28/2007


Placee 70,000
Duriya Patel Broker (Pro) 5/28/2007


Placee 161,000
John G. Paterson
1/1/2002 7/25/2007 7/25/2007
CEO 4,411,262
Pathway Mining Flow-Through LP Institution 9/11/2009


Placee 7,500,000
Aaron Plaxton Broker (Pro) 5/28/2007


Placee 16,000
Niamh Plaxton Broker (Pro) 5/28/2007


Placee 24,000
John Pollesel
7/2/2013 11/22/2016 11/22/2016
Director 300,000
Quadar FNX Mining Company Inc Public Company



Insider 6,860,715
Darren Robinson Broker (Pro) 5/28/2007


Placee 20,000
Gary Rosenthall Broker (Pro) 5/28/2007


Placee 60,000
Southwestern Resources Corp




Insider 10,053,007
Christopher Syme Broker (Pro) 5/28/2007


Placee 25,000
William Washington Broker (Pro) 1/6/2010


Placee 417,000
Mark Wayne Broker (Pro) 5/28/2007


Placee 130,000
Tim Wiggan Broker (Pro) 2/1/2011


Placee 147,183
Share positions of current insiders based on last AGM circular, ownership % based on current Issued. Share positions of past insiders and shareholders have not been adjusted for rollbacks or splits.
Risk Analysis

Click here to view IPV Report

Key to Understanding the Spec Value Hunter Tables
Flagship Play Secondary Plays Other Plays
A Spec Value Hunter table allows speculators to identify which projects offer poor, fair or good speculative value according to the rational speculation model. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production.
Poor Speculative Value - Fair Speculative Value - Good Speculative Value -
Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits
Active Company Projects
ProjectCountryRegionNet
Interest
StageIPV $
MM

$100
UPV
$500

$2000
Target MetalsDeposit Style
Ti-pa-haa-kaa-ningCanadaMcFauld's Lake100% WI2-Target Drilling $13 GoldShear / Vein
Chibougamau RiverCanadaAbitibi Belt100% WI2-Target Drilling $13 Gold Silver Copper ZincShear / VMS
Croteau EstCanadaChibougamau100% WI2-Target Drilling $13 GoldQuartz Vein
Lac SurpriseCanadaChibougamau40% TC1-Grassroots $32 GoldShear
Lamarck CreekCanadaQuebec50% TC2-Target Drilling $26 Gold Silver Copper ZincShear / VMS
New GrowthCanadaOntario100% WI2-Target Drilling $13 Gold Silver CopperShear
Thorne LakeCanadaWestern Ontario100% WI2-Target Drilling $13 GoldQuartz Vein
Ville MarieCanadaTimiskaming100% WI2-Target Drilling $13 DiamondKimberlite
WachigabauCanadaNottaway River50% WI1-Grassroots $26 Gold Copper ZincVein
WaconichiCanadaChibougamau70% WI1-Grassroots $18 GoldShear
GrizzlyCanadaChibougamau100% WI1-Grassroots $13 GoldQuartz Vein
LesperanceCanadaNottaway River100% WI1-Grassroots $13 DiamondKimberlite
MistassiniCanadaOtish50% WI1-Grassroots $26 DiamondKimberlite
Company Projects

Ti-pa-haa-kaa-ning Project
Ti-pa-haa-kaa-ningCanadaONMcFauld's Lake40,416 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Also known as the "TPK" property. Was previously a JV with Lake Shore Gold. 9 claims are subject to a 1.5% NSR capped at $2.5 million. May 2010 agreement to acquire a 100% interest for 25 million common shares of Northern Superior (representing approximately a 19.97-per-cent ownership interest). In addition, Northern Superior has agreed to grant Lake Shore Gold warrants to purchase 12.5 million common share at a price of 30 cents per share for five years, with the provision that if Northern Superior's share price maintains a value of over 35 cents during any 20-consecutive-trading-day period, Northern Superior would have the right to require Lake Shore Gold to exercise any unexercised warrants within 30 days or forfeit them. In addition, Northern Superior has agreed to grant Lake Shore Gold an assignable (subject to a right of first refusal in favour of Northern Superior) 2-per-cent net smelter royalty (NSR) on all minerals produced from TPK, with Northern Superior having the right to purchase back one-quarter of the NSR (0.5 per cent) for $1-million. In June 2010 Rainy River optioned 51% of the property's Eastern half for $9.4-million in exploration expenses over a three-year period, with $1.4-million in year one, $4-million in year two and $4-million in year three; (b) making cash payments of $300,000 upon receipt of regulatory acceptance and a further $1.3-million in January, 2011, and (c) completing three equal annual private placements of common shares of Northern Superior of $500,000 each for a total equity investment of $1.5-million. The first placement of $500,000 will be priced at 20 cents per share, while the second and third will be priced at the volume-weighted average trading price of Northern Superior's common shares for the last 20 trading days prior to the anniversary date of the agreement. Northern Superior is required to spend an additional $1.6-million in exploration expenditures on the eastern half of the TPK project this year.
Target Metals: GoldModel: Shear / VeinStage: 2-Target Drilling
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$12,907,893Not Rated
Notes on Ti-pa-haa-kaa-ning Project
Regional till sampling for heavy minerals aimed at discovering kimberlites identified a 6-8 km wide apron of prisitine gold grains believed to emanate from a nearby source beneath overburden which in places is quite thick. The apron is perpendicular to the ice direction and believed to track a new, unexplored greenstone belt. A 40 hole drill program in early 2008 encountered numerous narrow but low grade gold bearing structures which management does not believe fully explain the intensity of the gold grain anomaly.

Chibougamau River Project
Chibougamau RiverCanadaQCAbitibi Belt8,008 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Acquired by staking in 2010.
Target Metals: Gold Silver Copper ZincModel: Shear / VMSStage: 2-Target Drilling
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$12,907,893Not Rated
Milestone Timeline
ProgramStartEndMilestone
Delineation2011 Q1 March2011 Q1 March60 hole RC drill program to be completed.

Croteau Est Project
Croteau EstCanadaQCChibougamau0 ha
Net Interest: 100% WI
Vested: No
Uncapped NSR/GOR: 0.00%
Ownership Terms: August 2011 option to acquire 100% by spending a total of $1.7-million on exploration on the property over four years, making cash payments to the optionors totalling $350,000, and issuing to the optionors $280,000 worth of common shares of the company over four years. Upon exercise of the option, the optionors shall retain a 1.0-per-cent net-smelter-return royalty on any commercial production with Northern Superior having the right to buy back 0.5 per cent of the NSR for $1.5-million, at any time. The parties have agreed that further claims which are staked within 1.5 kilometres of the property shall form part of the option and any production therefrom shall be subject to the NSR.
Target Metals: GoldModel: Quartz VeinStage: 2-Target Drilling
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$12,907,893Not Rated
Milestone Timeline
ProgramStartEndMilestone
Target Testing2013 Q1 Mid February2013 Q1 Mid FebruaryDrill program begins.
Target Testing2014 Q1 Mid February2014 Q1 Mid February95-hole reverse circulation (RC) drill program begins, to test the gold/base metal mineralization potential of at least four targets on the property defined during 2013.
Target Generation2014 Q3 Late July2014 Q3 Late Julysummer 2014 work program to include prospecting, mechanical trenching, channel sampling and bedrock mapping.
Base Case Resource Estimates
Project Resource Estimate - Croteau Est
Jan 14, 2016NI 43-101Optiro Pty Ltd.Cutoff: 1 PPM Au
Note: JORC was used, but the company doesn't believe there are material differences between JORC and NI 43-101 in this case
Resource CategoryTonnageTotal
Rock Value
MetalGradeRecoveryContained Metal% of GMV
Inferred Mineral Resources11,600,000$69/tGold1.70 g/t100.0%634,022 oz100%
All Categories Spot11,600,000$69/tGold1.70 g/t
634,022 oz100%
Spot Gross Metal ValueMarket Cap as % of Net GMVSpot Prices Used
$794,842,2341.6%Gold $1,253.65/oz

Lac Surprise Project
Lac SurpriseCanadaQCChibougamau0 ha
Net Interest: 40% TC
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: February 2014 option for Bold Ventures to earn up to 60%. Bold can earn a 50-per-cent working interest in the property by spending an aggregate of $2-million of exploration work on the property and paying to Northern Superior a total of 350,000 common shares of Bold, all over a three-year period. Bold will also hold the option to earn an additional 10 per cent in the project by delivering a positive feasibility study within five years from the date of execution of the formal option agreement.
Target Metals: GoldModel: ShearStage: 1-Grassroots
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$32,269,732Not Rated

Lamarck Creek Project
Lamarck CreekCanadaQCQuebec0 ha
Net Interest: 50% TC
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: November 2011 option for Paget Minerals to earn 50% form Northern Superior for expenditures on the property of not less than, in total, $1.32-million over three years.
Target Metals: Gold Silver Copper ZincModel: Shear / VMSStage: 2-Target Drilling
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$25,815,786Not Rated
Milestone Timeline
ProgramStartEndMilestone
Delineation2011 Q1 March2011 Q1 March60 hole RC drill program to be completed.

New Growth Project
New GrowthCanadaONOntario0 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms:
Target Metals: Gold Silver CopperModel: ShearStage: 2-Target Drilling
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$12,907,893Not Rated

Thorne Lake Project
Thorne LakeCanadaONWestern Ontario7,680 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms:
Target Metals: GoldModel: Quartz VeinStage: 2-Target Drilling
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$12,907,893Not Rated
Notes on Thorne Lake Project
The property is situated over a portion of the Ellard Lake greenstone belt, 15.5 kilometers west of the Sachigo River gold mine, a past producer (1938- 1943) that generated 52,560 ounces of gold from 46,416 tons of ore for an average grade of approximately 1.1 oz Au/ t (38.8 g Au/ t). The gold is hosted by quartz veins and west-trending shears in metavolcanic and intrusive rocks. The Ellard Lake greenstone belt is highly prospective for gold but to date has not been extensively explored.

Ville Marie Project
Ville MarieCanadaONTimiskaming13,954 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms:
Target Metals: DiamondModel: KimberliteStage: 2-Target Drilling
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$12,907,893Not Rated
Notes on Ville Marie Project
Past till sampling work has led to the discovery of the Morin and Lac Honorat kimberlites, of which Morin yielded a single micro diamond. The chemistry of the indicator minerals recovered from till show diamond potential, and Northern Superior is using RC drilling to better define the heads of indicator mineral trains.

Wachigabau Project
WachigabauCanadaQCNottaway River14,758 ha
Net Interest: 50% WI
Vested: No
Uncapped NSR/GOR: 0.00%
Ownership Terms: Northern Superior can earn 50 per cent of all mineral rights on the Wachigabau project property by paying to Matamec $25,000 cash and issuing 100,000 shares and 100,000 share purchase warrants. The company has also committed to spending $500,000 (the timing of which is at the discretion of Northern Superior) over three years, of which $75,000 had already been spent as of the fall of 2008 on a ground magnetic survey. Once Northern Superior has met the requirements to earn its 50-per-cent interest, the company and Matamec will form a 50-50 joint venture for all commodities on the property. Iamgold retains certain back-in rights on some of the claims.
Target Metals: Gold Copper ZincModel: VeinStage: 1-Grassroots
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$25,815,786Not Rated
Notes on Wachigabau Project
The Wachigabau project claim blocks are strategically located between the Lac Shortt gold mine to the northeast and the Coniagas zinc, lead, silver mine, and Bachelor Lake gold mine and mill complex to the southwest. These mines are all associated with the Lake Opawica-Gwillim fault system.

Waconichi Project
WaconichiCanadaQCChibougamau17,226 ha
Net Interest: 70% WI
Vested: Yes
Uncapped NSR/GOR: 0.50%
Ownership Terms: June 2012 agreement for Northern Superior to option 70% from Murgor for $140,000 cash, one million shares, and $1.25 million in exploration spending over three years. Agreement was modified in May 2013 for Northern Superior to acquire 100% for a one-time cash payment of $225,000. Murgor will retain a 1-per-cent net smelter return royalty on 299 of the 306 claims subject to a buyback clause whereby Northern Superior may repurchase a 0.5-per-cent NSR for $1-million.
Target Metals: GoldModel: ShearStage: 1-Grassroots
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$18,439,847Not Rated
Notes on Waconichi Project
The property adjoins the northern boundary of Northern Superior's Croteau Est gold property. Structures associated with the mineralized deformation and alteration corridor on Croteau Est possibly extend onto the Waconichi gold property.

Grizzly Project
GrizzlyCanadaQCChibougamau0 ha
Net Interest: 100% WI
Vested: No
Uncapped NSR/GOR: 0.00%
Ownership Terms: July 2013 option to acquire 100% for one million shares, $315,000 cash, and $1.7 million in exploration spending over five years.
Target Metals: GoldModel: Quartz VeinStage: 1-Grassroots
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$12,907,893Not Rated

Lesperance Project
LesperanceCanadaQCNottaway River6,900 ha
Net Interest: 100% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms: Option to acquire 100% of diamond rights from Cambior and Matamec by issuing 540,000 shares and spending $1.5 million over 5 years, subject to 2.5% GORR of which 1.5% can be bought for $3 million. (The January 2009 agreement for the property known as 'Wachigabau' incorporates Lesperance into its larger property package.
Target Metals: DiamondModel: KimberliteStage: 1-Grassroots
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$12,907,893Not Rated

Mistassini Project
MistassiniCanadaQCOtish26,500 ha
Net Interest: 50% WI
Vested: Yes
Uncapped NSR/GOR: 0.00%
Ownership Terms:
Target Metals: DiamondModel: KimberliteStage: 1-Grassroots
Implied Project ValueJK Dream Target$100 million$500 million$2 billionSpeculative Value
$25,815,786Not Rated
Company Related KRO Comments
Jan 12, 2009Recommendation Strategy for Northern Superior Resources Inc
Oct 28, 1996Report Sept-Oct 1996: Hurley River Gold Corp - 1996 Annual Review
Dec 5, 1995Report Nov-Dec 1995: Hurley River Gold Corp - 1996 Bottom-Fish 100

Company News Releases
Feb 15, 2017Initiates Core Drill Program, Croteau Est Gold Property, Quebec
Feb 13, 2017Eric Sprott To Acquire A Strategic Interest In Northern Superior Resources, Northern Superior Initiates Concurrent Financings
Jan 23, 2017Bold Ventures Mobilizes Drill To Black Phoenix At Lac Surprise Gold Project, Quebec
Jan 11, 2017Corporate And Project Update
Nov 22, 2016Private Placement Non Brokered
Nov 22, 2016Reorganizes Board of Directors
Nov 15, 2016Correction: Completes $2 Million Private Placement Of Units
Oct 20, 2016Completes IP Survey Black Phoenix Area Lac Surprise Gold Project
Oct 11, 2016$2,000,000 Non brokered Private Placement
Oct 3, 2016Appoints Jeannine Webb, Chief Financial Officer
Sep 1, 2016Appoints Red Cloud As Capital Market Advisors
Aug 29, 2016Ontario Superior Court Of Justice Issues Adverse Cost Award
Aug 25, 2016Bold Ventures Provides Lac Surprise Update
Aug 8, 2016Appoints Mi3 As Capital Market Advisors
Aug 2, 2016Arthur Murdy Joins Board Of Directors
Jul 11, 2016Northern Superior Announce Amber Drilling Results Discover New Gold Bearing Trend, Lac Surprise Property, West central Quebec
Jun 23, 2016Appeals Judgment Regarding Its Action Against The Ontario Government
May 25, 2016Receives Judgment Regarding Action Against Ontario Government
May 3, 2016Mobilizes Drill To Amber Zone Gold Showing At The Lac Surprise Property, Chapais Chibougamau Mining District
Mar 10, 2016Appoints Dr. Meri Verli, Chief Financial Officer
Mar 4, 2016Provides Update On Litigation Against Ontario Government, Posts Selected Trial Materials On Website
Jan 21, 2016Expands Its Understanding And Definition Of Several Key Mineral Exploration Targets From Its 2015 Exploration Program, Croteau Est Gold Property, West central Quebec
Jan 14, 2016Inferred Mineral Resource Estimates At Its Croteau Est Gold Property, West central Quebec.
Dec 22, 2015Informed Of Chalice Gold Mines Croteau Est Option Intentions
Dec 4, 2015Re Organizes Chief Financial Officer Responsibilities
Nov 9, 2015Stock Options Issued
Nov 2, 2015Grizzly Property Option Intentions
Oct 7, 2015Additional New Showing, Grizzly Property, West central Quebec
Oct 5, 2015Completes Summer 2015 Gold Exploration Program On Northern Superior's Lac Surprise Property
Oct 5, 2015Plan To Keep Stakeholders Informed About Its Lawsuit Against The Ontario Government, Scheduled To Begin Today
Sep 29, 2015Initiates Final Preparations For Trial Against The Ontario Government: October 5th, 2015
Sep 8, 2015Initiates Final Preparations For Trial Against The Ontario Government: October 5th, 2015
Jul 22, 2015Initiates Next Generation Exploration Program: Wapistan Mineral Property, Quebec
Jun 10, 2015Bold Ventures And Northern Superior Announce 2015 Summer Exploration Program, Lac Surprise Property, West central Quebec
May 27, 2015Prospecting Program And Amended Agreement, Grizzly Property, West central Quebec
May 25, 2015Drill Program, Croteau Est Property, West central Quebec
May 11, 2015Update On Its Litigation Against The Ontario Government
Apr 23, 2015Provides An Update On Its Litigation Against The Ontario Government And Details Regarding Its Annual General Meeting
Apr 21, 2015Northern Superior And Chalice Sign A Formal Option And Joint Venture Agreements With Respect To Northern Superior's Croteau Est Gold Property, Quebec
Mar 16, 2015Updates Board Committees And Management Responsibilities
Feb 17, 2015Bold Ventures Continues To Advance Lac Surprise Gold Potential
Feb 3, 2015Completes Discovery Examinations, Mediator Appointed, In Its Litigation Against The Ontario Government
Dec 11, 2014Northern Superior Resources Discover Gold bearing Shear Zones, Expand Amber And Fox Gold Showings, Lac Surprise Gold Property, West central Quebec
Dec 11, 2014Change To Board Of Directors
Nov 11, 2014Stock Options Issued
Nov 4, 2014June 1, 2015 Trial Date For Litigation Against The Ontario Government
Nov 3, 2014Summer Exploration Program Expands Gold Potential, Croteau Est Gold Property, Quebec
Oct 29, 2014Two New Gold Discoveries: Amber And Black Phoenix, Lac Surprise Property, Quebec
Aug 27, 2014Reports On Progress Of Its $110 Million Lawsuit Against Government Of Ontario
Aug 20, 2014Exploration Program Initiated On Lac Surprise Gold Property, Quebec
Jul 23, 2014Initiates 2014 Summer Exploration Program, Croteau Est Gold Property, Quebec
Jul 21, 20142nd Year Recognition For Its Commitment To Progressive Aboriginal Relations
Jun 5, 2014Bold and Northern Superior Sign Formal Option Agreement For Lac Surprise Gold Project In Northern Quebec
May 7, 2014Discovers New Gold Bearing Structural Zone, Identifies Seven New Gold/base Metal Targets, Croteau Est Gold Property, Quebec
Apr 29, 2014Identifies Additional Exploration Targets, Grizzly Property,
Apr 14, 2014Incorrectly Files Joint Press Release With Bold Ventures Inc. On Sedar
Apr 7, 2014To Acquire Gold Royalty Portfolio In Quebec
Mar 17, 2014Ville Marie Diamond Property, Quebec: Opportunity In The Re Vitalized Canadian Diamond Exploration Sector
Feb 28, 2014Files Amended Statement Of Claim Against Province Of Ontario
Feb 27, 2014Signs Letter Of Intent With Northern Superior To Option The Lac Surprise Project In Northern Quebec
Feb 26, 2014New Gold bearing Shear Zones And Showings, Grizzly Gold Property, West central Quebec
Feb 12, 2014Initiates Reverse Circulation Drill Program On Croteau Est Gold Project, West central Quebec
Jan 31, 2014Correction To January 29, 2014 Press Release
Jan 29, 2014Responds To Government Of Ontario's Statement Of Defence
Jan 27, 2014Lac Surprise Gold Property: An Excellent Opportunity In The Chibougamau chapais Gold Camp, West Central Quebec
Jan 22, 2014Served With Ontario's Statement Of Defence
Dec 4, 2013Stock Options Issued
Nov 18, 2013Elaborates On Legal Action Against The Government Of Ontario In An Open Letter To Stakeholders
Nov 12, 2013Exploration Update, Croteau Est West central Quebec
Oct 25, 2013Commences Legal Action Against The Government Of Ontario
Sep 23, 2013Recognized For Its Commitment To Progressive Aboriginal Relations ("par")


 

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