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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: Sans Souci who started this subject5/4/2001 4:03:23 PM
From: geoffb_si   of 7235
 
Annual report now available on SUF's website.

A few highlights:

- 2001 objectives include "Acquire new advanced-stage PGM project"

- Marsfontein diamond gravels have an indicated volume of 420,000 cubic meters, representing only a small portion of the potential gravel resource in the area. Sampling has returned grades up to 5.71 CPHT. 2001 programs will test several areas of potentially higher grade.

- Gabon project is perhaps SUF's most exciting early-stage exploration project. Stream sampling points to potential for a significant diamond discovery.

- Australia: "excellent potential of the project developing into a significant kimberlite field. Between 10 to 15 targets will be drill tested."

Lots more...

Geoff
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