Northern Superior's Stake in ONGold Strengthens Canadian Mineral Portfolio

Northern Superior Resources Inc. has announced the completion of ONGold Resources Ltd.'s acquisition of the Monument Bay and Domain projects in Manitoba. This strategic move, involving a 62% equity stake, marks an important expansion in Northern Superior's exploration footprint. Monument Bay, offering substantial gold and tungsten prospects, increases ONGold's exploration assets with 232,000 meters of past drilling, while Domain complements this through its additional potential. Agnico Eagle Mines and Capella Minerals handed over these projects, settling around $4.2 million in shares and cash.

These acquisitions align with ONGold's goal to excel as a junior explorer in the Stull Lake Greenstone belt. With historic mineral resource estimates highlighting significant gold reserves at Monument Bay, ONGold plans to uphold existing exploration initiatives. Agnico Eagle joins as a strategic shareholder, owning approximately 15% of ONGold’s shares, reflecting confidence in ONGold's capability to unlock the projects' full potential. By securing these assets, Northern Superior reinforces its position in the prolific Northern Canada mining sector.