Below is Michael Gentile’s comment on today’s news.
This new discovery hole grading 1.06g over 26.3m lies over 650m away from our existing Croteau Est 43-101 compliant resource of 670,000 oz at 1.7g and shows what we always believed that Croteau is a much larger gold system with significant upside.
With the recently closed acquisition of Genesis Metals Chevrier property which has a 43-101 gold resource of over 900,000 oz and our large and growing discovery of the Falcon Gold Zone at Lac Surprise, Northen Superior is now the dominant player in the Chapais region with the largest land package and 3 large and growing distinct resource areas / discoveries.
The company is well financed for an aggressive fall drill program to follow up at all 3 of our Quebec properties in Chapais
The recent pullback in the stock has provided a very attractive entry point with an EV of under $25MM CAD
Please note – This will be my last public comment on the company (I own 2,000,000 shares) – PG