Images courtesy of Superior Mining International

Superior Mining International

Mangalisa

Mineralisation: Gold Location: Free State History: Superior Mining International was granted exploration rights for Witwatersrand Basin-hosted gold mineralisation in the Free State. The Mangalisa property comprises an area of 195,8 km 2 situated 25 km east of Welkom and less than 10 km north of Harmony Gold's Masimong No 5 (formerly Erfdeel) gold mine. Both the Mangalisa property and the Masimong gold mine are within the eastern gold-bearing Harmony trend. Two gold-bearing trends in the Welkom Goldfield - the Target trend to the west and the Harmony trend to the east, separated by the De Bron Horst - have produced over 311-million ounces since their discovery and early development in the 1940s and 1950s. Outlook: Phase 1 and Phase 2 of drilling on the Mangalisa property (eastern Welkom Goldfield) have been completed by Superior Mining. These two drilling programs have revealed the discovery of a new Elsburg-type reef at an unusually shallow depth in an area of the goldfield not extensively explored and previously believed not to hold much promise. Drilling carried out by Superior Mining indicates otherwise and has confirmed mineralisation over an extensive area with gold grades up to double those being mined at the Masimong Mine Shaft No 5, located about 10 km south of the company's Mangalisa property. Superior Mining has, to date, spent in the region of US$4,5-million on exploring the Mangalisa property. The amount has been mostly dedicated to two extensive drilling programmes. The company is preparing a comprehensive analysis and geological report on the geology, historical exploration and on the two recently completed drilling programmes. "The report is being prepared to Canada's National Instrument 43-101 standards. The outcome and recommendations arising from this report will allow us to better target the Phase 3 drilling further up-dip from the previously drilled holes. At this time, the Phase 3 drilling is scheduled to start during the end of the first quarter of 2012, but final timing will be based on the outcome of the report," says Bob Vidoni, Superior Mining's engineer and spokesperson. The company has no plans to begin a feasibility study yet. "The third phase of drilling needs to be completed to better understand the geology, extent and grades in the Erfenis Reef Zone. Furthermore, a subsequent seismic survey will likely need to be carried out to better define the extent and breadth of this zone," says Vidoni. This would be followed by another drilling programme of many regularly spaced drill holes as part of a scoping study. On resources estimate, Vidoni says: "It is still

EXPLORATION

The project, comprising 195 km 2 area, is located in the Free State. too early a stage in the exploration of the Mangalisa property for Superior Mining to be able to make public a NI 43-101-compliant resource estimate." Superior Mining directly and indirectly owns 87% of Turquoise Moon Trading 403 which holds the exploration rights to the company's flagship Mangalisa property. The company seeks to acquire additional exploration and/or mining properties in South Africa. ? FEBRUARY 2012 MINING MIRROR [7]

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