Superior Mining Announces a Renewed Focus on South Africa, Mangalisa Project and Refines New Zealand Property Portfolio
2011年7月27日 - 11:35PM
Marketwired
Superior Mining International Corporation (the "Company" or
"Superior") (TSX VENTURE: SUI) announced today that Brent Butler,
the newly appointed President and CEO, has conducted a review of
all of Superiors' properties to ascertain their exploration merit.
Based on this review, the Company has decided to concentrate its
resources on advancing its 87% owned Mangalisa gold reef property
in the Free State of South Africa, where two phases of drilling
have intersected a conglomerate reef with anomalous gold and
uranium grades (see June 30, 2011 news release).
In New Zealand, the Company will focus on its existing 100%
owned Collingwood gold, hard rock and alluvial, project and Victory
North and Ross South gold alluvial projects. The Company will no
longer pursue its two option agreements for the Victory Property
and the Otama Property.
Brent Butler, President and CEO of the company, commented that
"these decisions now allow Superior to focus on its flagship
Mangalisa property that is adjacent to Harmony Gold's Masimong 5
Mine. This is a new discovery and the Board of Superior is excited
about the future of this project. The targeted New Zealand
portfolio will now allow Superior to focus on key areas within
major historic goldfields. Superior is now well positioned to
advance its exploration projects."
On behalf of the Board of Directors of Superior Mining
International Corporation
Brent Butler, President & CEO
Forward Looking Statements
This news release contains forward looking statements relating
to expected or anticipated future events and operations, timing of
projects and anticipated results that are forward looking in nature
and, as a result, are subject to certain risks and uncertainties,
such as general economic, market and business conditions, the
regulatory process and actions, technical issues, new legislation,
competitive and general economic factors and conditions, the
uncertainties resulting from potential delays or changes in plans,
the occurrence of unexpected events, and the company's capability
to execute and implement future plans. Actual results achieved may
vary from the information provided herein as a result of numerous
known and unknown risks and uncertainties and other factors. There
is no representation by the company that actual results achieved
during the forecast period will be the same in whole or in part as
that forecast.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as such term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Superior Mining International Corporation Brent Butler
President & CEO (604) 601-2005 (604) 488-0319 (FAX)
info@superiormining.com www.superiormining.com
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