Superior Mining Announces Director Appointment
May 12, 2009
Superior Mining International Corporation (“Superior Mining” or “the Company”; TSX-V: SUI) is pleased to announce the appointment of Dr. David M. R. Stone, MBA, P.Eng. to its Board of Directors.
Dr. David Stone, MBA, P.Eng. is a mining engineer whose career spans some 30 years of engineering and financial consulting to underground and surface mining projects worldwide. He has managed and led multi-disciplinary project teams through pre-feasibility and feasibility level evaluations of development stage projects, and has contributed to the engineering, design and construction of several mines. His mining expertise includes an extensive knowledge of international projects and current best mining practices, environmental permitting, mine planning and production scheduling, capital and operating costs, equipment selection and financial analyses. Dr. Stone's international experience spans several years working in South Africa on platinum and Kimberley Reef gold projects, and in Australia/Papua New Guinea on underground gold projects.
Dr. Stone’s principal experience is in mining rock mechanics, where he has provided designs and operational advice for both open pit and underground operations worldwide. He has also authored a number of pre-feasibility and feasibility studies based on his broad knowledge of current underground mining methods, capital and operating costs and project development requirements.
Dr. Stone serves on several boards and has held several senior operating positions for public companies including Interim CEO of Adanac Moly Corp., President/CEO of Boss Power Corp., and Chief Operating Officer for ATW Gold Corp. His expertise includes the evaluation and analysis of financial statements for public companies, and financial reporting.
In connection with his appointment to the Board, Dr. Stone was granted 250,000 stock options exercisable at $0.08 for a term of five years.
John Proust, CEO of Superior Mining, commented, “We are very fortunate to have someone with the depth of experience and qualifications of Dr. Stone join the Superior Mining board of directors. We look forward to his active input as we evaluate and advance our mining assets in South Africa and New Zealand.”
About Superior Mining
Superior Mining is currently actively exploring for gold and other precious and base metals in South Africa and New Zealand. An extensive exploration drilling program is currently underway at Superior’s Mangalisa project in South Africa, where the Company is exploring for Witwatersrand Basin reef-hosted gold and uranium mineralization in the Free State Goldfield, adjacent to Harmony Gold’s operating Masimong gold mine. Exploration in New Zealand is focused on two placer gold properties near Greymouth, on the west coast of the South Island, with an ongoing effort to evaluate additional hard rock prospects.
On behalf of the Board of Superior Mining International Corporation,
Per: John Proust, President & CEO
For more information, please contact:
Superior Mining International Corporation
c/o John Proust, President & CEO
Phone: (604) 601-2005
Fax: (604) 488-0319
Website: www.superiormining.com (currently under redevelopment)
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