Drilling to Commence in March at Yamba Lake Project, NWT. (SUF 51%)
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The Yamba Lake property is located within the Lac de Gras kimberlite
field approximately 45 kilometres to the north of the producing BHP/DiaMet
Minerals' Ekati diamond mine. To-date six kimberlite pipes have been
discovered on the property. It is planned to drill test the T-10 and Ptarmigan
pipes.
An 8,000 line kilometre high resolution magnetic and electromagnetic
airborne survey will commence on February 18th at a 100 metre line spacing.
The recovery of kimberlitic heavy minerals from over 1,000 till samples
collected during August, 1998 is on-going. A number of high interest pyrope
garnets with excellent G-10 chemistry that do not relate to the known
kimberlite pipes on the property have been recovered. This would seem to
suggest further possible sources or bodies of kimberlite.
Geophysical anomalies indicative of kimberlite pipe intrusions selected
from the airborne survey will also be drill tested in the Spring.
%SEDAR: 00004535E
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For further information: please contact: Christopher M.H. Jennings,
President, A. Lee Barker, Senior Vice President, Kim Freeman, Vice-President,
Operations, Frank van de Water, Vice-President, Finance, Nicholas Sayce,
Investor Relations, Phone: (416) 359-9282, Fax: (416) 359-9141, e-mail:
inbox@southernera.com
JOHN |
