Subject:
Stockwatch: SouthernEra Resources Limited - News Release
Date:
Thu, 08 Jan 1998 14:46:14 -0800
From:
newsout@canada-stockwatch.com
To:
edpak@georgian.net
Application for judicial review of section 84 ruling
SouthernEra Resources Limited SUF
Shares issued 25,695,265 Jan 7 close $14.85
Thu 8 Jan 98 News Release
See Gerle Gold Ltd (GGL) News Release
Mr Raymond Hrkac reports
Gerle Gold and SouthernEra Resources have filed to seek a judicial review
of the Assistant Deputy Minister's section 84 ruling of November 20 1997.
Gerle received notification on November 20 that Mr James Moore, Assistant
Deputy Minister, Northern Affairs program, had overturned the supervising
mining recorder's decision of May 10 1996 which had been in favour of
Gerle. In this recent decision, he ordered the reinstatement of the RIM
1-24 and MK 1-15 mineral claims, the ground of which is in part covered by
the LA 26-30 claims, and ordered their transfer to lnukshuk Capital.
The results of Gerle's work to date suggest that the primary sources of the
indicator mineral trains found on the LA 26-30 claims are on the LA 1-25
claims which are unaffected by this decision. However, Gerle believes
strongly in its case and further, that the decision seriously undermines
the effective administration of the Canada Mining Regulations. As such, it
has decided to apply for a judicial review.
Gerle and its joint venture partners are among the largest claim holders in
the Slave Craton diamond region of the Northwest Territories.
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