TSX-V: SUI
VANCOUVER, Aug. 23 /CNW/ - Superior Mining International Corporation,
formerly "Superior Mining Corporation", (the "Company" or "Superior")
announces that the NI 43-101 compliant technical report concerning the Black
Reef referred to in the Superior news release dated June 21, 2006 is in the
process of being prepared. The Company will provide a further update when the
completion date of the technical report becomes known. Upon the receipt of the
technical report, the Company plans to concurrently file it on SEDAR and issue
a news release detailing the resource estimate described in the report. The
Middelvlei JV Project is owned and operated by Pamodzi Gold, in which a
Company subsidiary holds a 50% interest.
The Company will have an additional technical report prepared, that
conforms to NI 43-101 requirements, to evaluate and report on the drilling
information derived from the Middelvlei and Ventersdorp Contact Reefs (VCR)
undertaken earlier in the year, as reported in the Superior July 10, 2006 news
release, once resource modelling has been completed and appropriate reports
have been prepared.
Middelvlei Operation
--------------------
The overburden removal continues, as measured in bulk cubic metres
(BCMs), and is detailed as follows:
<<
-------------------------------------------------------------------------
OVERBURDEN REMOVAL
-------------------------------------------------------------------------
Mining Unit June Year to Date
Measure
-------------------------------------------------------------------------
Top Soil
removed and stockpiled BCMs 2 899 46 980
-------------------------------------------------------------------------
Soft Overburden
Loaded and Hauled BCMs 41 057 191 594
-------------------------------------------------------------------------
Hard Overburden
Blasted, Loaded and Hauled BCMs 19 605 80 815
-------------------------------------------------------------------------
Total Overburden Moved BCMs 63 561 319 389
-------------------------------------------------------------------------
-------------------------------------------------------------------------
>>
Construction of the ore handling system, which commenced 11th May 2006,
was impacted by the need for reinforcing of the tipping point structure. The
completion of an assortment of remedial works led to the commencement of ore
deliveries on the 20th June 2006. The handling system to feed ore to the
processing plant is now fully functional.
By the end of June, 3,062 dry tonnes of Black reef material with an
average grade of 2.25g/t Au had been removed from the Middelvlei site and
delivered to Harmony's Doornkop treatment plant for processing.
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
The Company is an early stage exploration and near term producer focused
on the mining of gold deposits in the central Witwatersrand region of South
Africa.
On behalf of the Board of Directors 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 HESE 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
