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

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To: Ron S. who wrote (1912)8/31/1998 9:53:00 AM
From: Ron S.  Read Replies (2) of 7235
 
OFF TOPIC - The Diavik project 300 km northeast of
Yellowknife increased the previous estimate by 10 million
carats to 133 million grading at 3.5 carats per tonne.

Pipe A-418 - 9.0 mil tonnes @ 3.7 c/t @ US$56/ct
Pipe A-154S - 12.0 mil tonnes @ 4.8 c/t @ US$63/ct
Pipe A-154N - 11.5 mil tonnes @ 2.4 c/t @ US$35/ct
Pipe A-21 4.9 mil tonnes @ 3.0 c/t @ US$56/ct

First production has been pushed back by six months to 2nd
Qtr 2002.

Processing rates have been estimated at 1.5 - 1.9 million
tonnes / year. At full, open-pit production, the operation
is estimated to produce 6-8 million carats per year ,
dropping to 3-4 million carats after year 15. The mine life
is estimated at 16-22 years.

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Summarized from The Northern Miner Aug 31-Sept6 1998
Vol. 84 No.27 Page1.
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