Northern Superior Acquires Strategic Properties in Chibougamau Gold Camp

Toronto-based Northern Superior Resources Inc. has formalized an asset purchase agreement to acquire significant properties in the Chibougamau Gold Camp. The deal with TomaGold Corporation includes the Hazeur, Monster Lake East, and Monster Lake West Properties. This agreement follows a previously announced binding term sheet and is expected to close as early as next week.

Northern Superior is known for its extensive land holdings in Québec, with over 62,000 hectares, including key projects like Philibert, Lac Surprise, Chevrier, and Croteau. The company's exploration efforts also extend to Northern Ontario and Manitoba, with assets managed through its 56% stake in ONGold Resources Ltd.

The Philibert Project, notable for its resources near IAMGOLD's Nelligan Gold project, reflects the potential Northern Superior sees in the Chibougamau area. As the transaction awaits closure, this acquisition could play a pivotal role in expanding the company's resource base and exploration potential.