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Gold/Mining/Energy : MILL CITY MIY-V

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To: VAUGHN who wrote (572)	1/22/2002 1:24:08 PM
From: BLZBub	Read Replies (1) of 707

Will P on Yamba Lake: "SouthernEra and its junior partners also chased a kimberlite source for the Margaret Lake kimberlite indicator mineral train, which was found on the western shore of Margaret Lake. About 20 per cent of the garnets in the two-kilometre-wide train were classified as G10s, which fuelled optimism for some time. No kimberlite source for the train has been found however. The company also acquired an interest in the Yamba Lake project, after other explorers had failed, apparently on the basis of promising geochemistry. A number of kimberlite had been discovered on the property in the early 1990s, but none amounted to anything. SouthernEra believed that it could succeed where others had failed, primarily because there were unexplained indicator mineral trains with higher concentrations of indicator minerals. None of those trains could be tied to the existing kimberlites, which did not have the same high levels of indicator minerals. For instance, less than 4 per cent of the garnets contained in the low-grade Torrie pipe were G10s. Although SouthernEra has other interests these days, the company still has not called it quits at Yamba." stockhouse.com.

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