ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

SUI Superior Mining International Corporation

0.19
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Superior Mining International Corporation TSXV:SUI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.19 0.19 0.20 0.20 0.19 0.19 336,700 19:25:51

Superior Mining Announces a Joint Venture Earn-In on the Redcastle Project, Western Australia

07/05/2012 12:30pm

Marketwired Canada


Superior Mining International Corporation (TSX VENTURE:SUI) (the "Company" or
"Superior") is pleased to announce that it has signed a Heads of Agreement with
Reinhold Resources Limited to earn-in a 51% interest in the Redcastle Project
located in the Leonora-Laverton district of Western Australia.


Under the terms of the agreement, SUI must commit to exploration expenditures of
AUD$200,000 on the project within 24 months from the date of execution.


The Redcastle project comprises thirteen prospecting licences covering an area
of 24 km2 in the prospective Yilgarn Craton region, which is host to many
multi-million ounce gold deposits.


Significant alluvial gold has been extracted from the prospecting licences over
a 20-year period. No systematic exploration has been undertaken by any previous
operators, which presents a unique opportunity to carry out virgin exploration
in a strategic location.


Gold mineralisation in the region is mostly associated with weathered
sulphide-bearing quartz veins discontinuously developed in distinct shear or
fault zones.


Major mines within the area include Minara Resources, Murrin Murrin nickel and
cobalt mine and Barrick's Granny Smith gold mine.


On behalf of the Board of Directors of Superior Mining International Corporation

Brent Butler, President & Chief Executive Officer

THIS NEWS RELEASE HAS BEEN PREPARED BY THE MANAGEMENT OF THE COMPANY, WHICH
TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. 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.


1 Year Superior Mining Chart

1 Year Superior Mining Chart

1 Month Superior Mining Chart

1 Month Superior Mining Chart

Your Recent History

Delayed Upgrade Clock