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

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To: Valuepro who wrote (1641)6/18/1998 10:35:00 AM
From: VAUGHN  Read Replies (1) of 7235
 
Hello Valuepro

We just got our first rain of the entire year last week but to every ones amazement, the lakes actually thawed early this year despite the lack of rain. That is why SUF had to pack it up on Munn Lake early.

Usually the big lake is not open (East Arm) until this weekend (Midnight Madness)every year but it has been open for more than two weeks now.

Glorious summer and with the dry spring, I can actually see through the bug screen on my windows.

Saw this on the wire this morning which is of interest as I believe this concession is just up river from SUF.

DIAMONDWORKS RECOVERS 232-CARAT DIAMOND FROM ITS LUO MINE IN ANGOLA

VANCOUVER, June 18 /CNW/ - DiamondWorks Ltd.
Toronto and Vancouver Stock Exchanges
Trading Symbol: DMW

Bruce Walsham, chairman, President and CEO of DiamondWorks Ltd.,
announced that the company recovered a 232.6-carat diamond from its Luo mine
in Angola on June 16.
The diamond is the largest recovered to date by DiamondWorks since it
began commercial production at Luo in July 1997, and is almost five times
larger than a 50.2-carat stone recovered in January. Based on available
historical operating data, it is the largest stone ever recovered from the Luo
concession.
The 232.6-carat diamond will be valued in mid-July as part of
DiamondWorks' next sales parcel of diamonds from the Luo mine.
DiamondWorks is a global diamond mining company. The company is in
commercial diamond production at the Luo mine in northwest Angola, and will
begin production later this month at its Yetwene mine, also in Angola.
DiamondWorks has interests in a number of other mineral properties in Sierra
Leone, Lesotho, Canada, China and Venezuela.

Have a good one.

Regards
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