TSX-V: SUI
VANCOUVER, July 10 /CNW/ - Superior Mining International Corporation,
formerly "Superior Mining Corporation" , (the "Company" or "Superior") is
pleased to announce that the Company has received assay results from 16
diamond drill holes undertaken earlier in the year that were designed to test
the potential of the Middelvlei and Ventersdorp Contact Reefs (MVR and VCR
respectively) at its Middelvlei JV Project Area. The project is located on the
West Witwatersrand 6 kilometres to the southwest of Randfontein.
The Middelvlei JV Project is owned and operated by Pamodzi Gold, in which
the Company's South African subsidiary holds a 50% interest.
While the primary focus of Pamodzi Gold is to mine the Black Reef at
Middelvlei, the exploration drilling being reported on is essentially a 'first
pass' program which will be followed by additional drilling aimed towards
providing a more thorough appraisal of the geological continuity of both the
VCR and MVR horizons in the area. In all, 16 drill holes were completed for
774.09m over a strike length of approximately 550m.
It should be noted that while the program overall has confirmed the
existence of both the VCR and MVR reefs throughout the lease area, certain
holes have indicated that neither the VCR nor MVR had developed locally (PGMR
7) or, as was the case of the VCR not being recognizable in the drill core
from hole PGMR 6. The table below lists the results for 11 holes and the other
holes did not intersect any significant values. There is insufficient data to
determine true width at this time.
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SIGNIFICANT DRILL INTERSECTIONS - MIDDELVLEI:
Drill Hole Local Grid RL Azimuth Dip
No. X Y Z
PGMR 1A 66764.49 -2902718.26 1608.35 350 -60
PGMR 1B 66712.26 -2902743.40 1612.32 347 -60
PGMR 2 66665.07 -2902771.98 1613.22 348 -60
PGMR 3 66601.34 -2902784.33 1614.90 348 -60
PGMR 5 66459.25 -2902783.04 1619.65 315 -60
PGMR 5B 66481.06 -2902821.17 1617.46 332 -60
PGMR 5C 66477.43 -2902826.75 1617.41 332 -60
PGMR 5D 66476.83 -2902824.26 1617.55 332 -60
PGMR 6 66405.82 -2902798.96 1620.51 333 -60
PGMR 7 66348.35 -2902829.76 1620.98 331 -60
PGMR 8 66316.49 -2902854.77 1625.95 331 -60
Drill Hole Total Depth Depth Interval Assay
No. m From To (m) (g/tAu)
PGMR 1A 21.55 (x) 14.63 14.84 0.21 3.98
PGMR 1B 40.5 (x) 31.76 35.15 3.39 2.49
(incl: 31.76 32.66 0.90 2.94
33.00 35.15 2.15 2.65)
PGMR 2 45.0 (x) 33.90 40.11 6.21 2.12
(incl: 33.90 34.16 0.26 14.50
35.15 37.87 2.72 1.64
38.67 40.11 1.44 3.19)
41.41 42.04 0.63 7.95
PGMR 3 61.0 (x) 40.25 42.05 1.80 4.48
(NOTE 1)
PGMR 5 67.0
(NOTE 2)
PGMR 5B 68.97 No. 51.66 51.86 0.20 3.20
(x) 65.20 67.74 2.54 2.25
PGMR 5C 80.08 No. 54.73 55.03 0.30 7.92
(x) 66.97 69.62 2.65 2.03
PGMR 5D 79.48 No. 59.80 62.81 3.01 42.62
(x) 72.71 75.81 3.10 3.80
(incl: 72.71 73.94 1.23 4.13
74.65 75.81 1.16 5.38)
PGMR 6 32.00 (x) 23.82 25.28 1.46 1.82
(NOTE 3)
PGMR 7 48.00
(NOTE 4)
PGMR 8 38.00 (x) 30.55 33.15 2.60 1.81
(NOTE 5)
NOTES (x) Middelvlei Reef
No. Ventersdorp Contact Reef
1 Both the VCR & MVR intersected - no significant anomalism
2 Both the VCR & MVR intersected - no significant anomalism
3 VCR not identified in the core
4 Neither the VCR or MVR developed
5 Thin VCR (0.65m) at 28m depth - sub 1.00g/tAu material only
>>
Qualified Person and Quality Control and Assurance
The information in this release has been compiled by Superior's Vice
President of Exploration Duncan Greenaway B.Sc. & M.Sc. Geology, M AusIMM. Mr.
Greenaway has some 30 years of international exploration and mining experience
and has sufficient experience relevant to the style of mineralization under
consideration and qualifies as a Qualified Person as defined in terms of NI
43-101
All drilling was by BQ diamond core drilling and samples for assay were
half-core, cut by diamond rock saw. Sample analysis was carried out by
Performance Laboratories (Pty) Ltd. Gold was determined by 50 g fire assay
with a detection limit of 0.02g/t . Every 15th sample comprised of alternating
'high' and 'low' (ie 5.91g/tAu and 0.58g/tAu respectively) gold value standard
reference material or a blank (footwall quartzite) sample.
The Company is an early stage exploration and near term producer focused
on the mining of gold deposits on the Witwatersrand region of South Africa.
On behalf of the Board of
Superior Mining International Corporation
"John Proust"
John Proust
President & CEO
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO
TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE INC.
DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS
RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE
SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE
WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE
SECURITIES LAWS OF ANY SUCH JURISDICTION.
%SEDAR: 00007879E
