Northern Superior Resources (TSX-V: SUP) issued a press release this week stating that it is ready to move forward with both its TPK gold-silver-copper project located in northwestern Ontario and its Lac Surprise gold project located in Quebec.
The Sudbury-based company said it expects to start drilling at the Ti-pa-haa-kaa-ning property, known for its initials TPK, by mid-February, following the completion of an option/joint venture agreement with Yamana Gold (TSX: YRI) (NYSE: AUY) at the tail end of 2018.
The massive Ontario mine site, which occupies 442,669 hectares and sits 15 kilometres west of the Ring of Fire, is considered to host the largest gold grain-in-till dispersal aprons in North America, with drill core intersections yielding up to 25.9g/t gold over 13.5m.
When it comes to the Lac Surprise property, Northern Superior said that further development is also expected following the closing of a $1 million, non-brokered, flow-through private placement on December 31 and the completion of a 10:1 share consolidation in early January.
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