Northern Superior has earned a 50% interest in theWachigabau Gold Property and has formed a 50-50 Joint Venture for all commodities on the property with Matamec Explorations Inc. IAMGOLD retains certain back-in rights on some of the claims through agreements with Matamec.
The signing of this agreement provided an opportunity to explore for gold and other commodities within an established gold exploration and mining and milling camp. The Wachigabau property is underlain by structures and geology associated with gold mineralization at the Bachelor Lake gold mine, located 10 kilometres to the southwest, and also overlies geology and structures associated with the former past-producing Lac Shortt gold mine 4.5 kilometres to the northeast.
2011
Exploration Highlights
a) Completed a 2,000 m, five hole diamond drill program.
The property is located 15 km northeast of the hamlet of Desmaraisville, 125 km northeast of the town of Lebel-sur- Quévillon and 225 km northeast of the city of Val-d’Or, Québec. Access to the property is possible by a series of old logging roads extending east from Highway 113 and an abandoned rail bed that crosses the north side of the property. The property can also be accessed by boat from Lac Wachigabau and Opawica. The Wachigabau property is strategically located between the Lac Shortt gold mine to the northeast and the Coniagas zinc, lead and silver mine and the Bachelor Lake gold mine and mill complex to the southwest. These mines are all associated with the Lake Opawica-Gwillim fault system. The property currently consists of 249 claims covering an area of 8,096 hectares
Sunset over Wachigabau Lake. This lake, coupled with an excellent network of forestry roads and an abandoned railway line, provides for excellent access to this property.
2012 OUTLOOK
a) Assess results from 2011 diamond drill program and plan future exploration programs based on these results.