Super Nova Minerals Corp. (SNP:CNX)

Super Nova Minerals is a Canadian listed oil & gas exploration company focused on developing two heavy oil prospects in south central Montana.

Elk Hills Property

• Super Nova has an option to acquire a 50% working interest in the Morris Block
• If certain conditions are met, Super Nova also has an option agreement for a
  50% working interest in the Cottonwood Creek Prospect

* Approximate outline of Elk Hills Property is shown in yellow on the map.

Property Overview

• The Elk Hills Project is located in southcentral Montana and is situated within the original Bighorn Basin
• The Morris Block and Cottonwood Creek Prospects cover over 4,000 acres
• At today’s market prices, the nearby Elk Basin Oil Field has pumped out over $40 billion of heavy crude oil
• Competition for heavy oil production is limited in the United States
• Utilizing Enhanced Oil Recovery (EOR), Super Nova aims to become a leader in heavy crude production in the U.S.

Oil & Gas Production in Montana

• The Elk Hills Project is a heavy oil prospect located in south-central Montana
• Abundance of nearby oil production
• Excellent infrastructure/road access
• Elk Hills lies on the northern end of the original Bighorn Basin
• Historic oil production in the Bighorn Basin exceeds 2.5 billion barrels
• The area features a number of major heavy crude oil fields

 
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Marbridge Property

Geologically, the Marbridge property is situated in the south-central Archean Abitibi greenstone belt where it overlies the Malartic Group.  The latter is comprised of numerous late batholithic bodies that intrude volcanic and sedimentary sequences. The preceding are comprised of roughly east-west-trending komatiitic and minor volcanic-sedimentary assemblages that curl around three large late- to post-tectonic granitic batholiths.Three principal types of potentially economic mineralization that occurs on and/or near the Marbridge Property are listed below:

1. Nickel-copper-platinum group element (PGE) mineralization is related to the following:
   • Interstratified sulfide-rich meta-sediments,
   • Gabbro and granitoid dykes.
   • Komatiitic flows,
2. Molybdenum-bismuth mineralization is attendant with porphyry copper-molybdenum-bearing intrusions.
3. Lithium-beryllium-tantalum mineralization is associated with late to post-tectonic per-aluminous leucocratic granitoid batholiths that intrude Archean greenstone belts.

The Marbridge property contains seven mineralized diamond drill hole (DDH) intersections. Perhaps the most prominent hole is La Motte-Le Blanc.  The preceding are described in MRNF “fiche de gite” no. 32d/08-0041 as running 0.35% Ni over a 0.4 m interval comprised of disseminated Ni-sulfides and pyrrhotite.  The host is a komatiitic flow that is enclosed by granodiorite.
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Iron Ridge Property

The Iron Ridge Project is located near Creston, in Southeastern British Columbia, and spans 550 hectares and is owned 100% by Super Nova Minerals Corp. The Iron Ridge property covers over 8 km strike length of the Iron Mountain Fault (IMF) complex which consists of a number of north-striking faults which occur across an east-west extent of about 3 kilometers and a strike extent of approximately 90 kilometers. Within the property boundaries, the central core of the IMF is up to 150 meters in width with a zone of intense hydrothermal alteration and brecciation associated with iron oxide. The IMF also cuts through the Proterozoic Lower — Middle Aldridge Formation, which is the stratigraphic host for the world class Sullivan sedimentary exhalative (SEDEX) deposit, located approximately 80 kilometers north of the property.Future work programs for the Iron Ridge Project will be focused on exploring the potential of the Iron Ridge fault zone and surrounding area as a conduit and host for both SEDEX Cu-Ag-Pb-Zn mineralization and Iron-oxide-Cu-Au (IOCG) mineralization. IOCG deposits are an attractive exploration target owing to their potential for high grades and enormous size. A preliminary study by British Columbia Geological Survey has identified strong potential for Iron Oxide Cu-Au deposit within the general area of the Iron Range fault based on the favorable geological environments (geology, structure, aeromagnetic anomaly, and the numerous MINFILE occurrences within the Iron Range fault). However there have been no major exploration programs in the general area for this type of deposit.
Other companies in the area are conducting multi hole diamond drilling programs designed to test potential SEDEX targets identified as a potential SEDEX deposit. Some holes have intersected a significant intervals located at or near the Sullivan time horizon containing pervasive tourmaline and albite-altered sediments interlayered with discrete conformable bands of pyrite, pyrrhotite (iron) and chalcopyrite (copper) sulphides. Though relatively narrow (up to 8mm in width), these bands and the associated alteration assemblage are interpreted to be indicative of a vent system nearby which may contain more significant mineralized material.
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The Preissac Property

The Preissac Property is located in the Rouyn-Noranda-Val dòr mining camp,

in Northwest Quebec approximately 4km east of the Marbridge Property. The area is mostly know for its numerous gold deposits while the immediate surroundings of the property are characterized by molybdenum-bismuth and nickel showings. The Preissac property is a total of 456 hectares or 1127 acres.The Preissac Property has a body containing 123,830 tons of ore grading 0.65% Ni within 100 meters from surface.
The geological settings and history of the Preissac property, shows that four different types of mineralization can be expected.
1. Gold 2. Nickel 3. Platinum 4. Molybdenum

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