Here's the latest news release. Any interpretations? Thumbs up or down?
TONNAGE CALCULATION, SAMPLE RESULTS FOR KLIPSPRINGER
BLOW
June 24th, 1997
SouthernEra Resources Limited is pleased to announce the results of tonnage calculations and
processing of bulk samples from the blow along the Sugarbird (Northern) Fissure at Klipspringer
Project in South Africa (see Press Release November 19, 1996). The tonnage calculation is
based on surface mapping and the results of more than 25 core, reverse circulation, and
large-diameter percussion drill holes. The blow, which covers an area of approximately 55 by 45
metres at surface, is estimated to contain 90,000 tonnes of kimberlite to a depth of 60 metres.
To date, 146 carats have been recovered from approximately 174 tonnes of kimberlite, taken
from surface pits and drill holes (see table below). A number of stones larger than 3 carats have
been recovered, and the average stone size is approximately 0.22 carat. The stones are mostly
colorless and lack inclusions.
Sample Tonnes kimberlite Carats Grade(carats/tonne)
Surface pits 107.148.730.45
Drilling
0 - 5 m 5.7 8.031.41
5 - 30 m 56.786.741.53
30 - 100 m 4.8 2.560.53
Total 174.3 146.06 0.84
The Company is very encouraged by these latest results. As well, the recent success in locating
new kimberlites at Klipspringer (Press Release June 19, 1997), and progress of the bulk sampling
program at the Leopard (Main) Fissure, continue to add to the diamond resources on the project.
For more information please contact:
Christopher M.H. Jennings, President
A. Lee Barker, Vice President
George Albino, Chief Geologist
Nicholas Sayce, Investor Relations
Telephone: (416) 359-9282
Fax: (416) 359-9141
e-mail: suftor@pathcom.com
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