TANQUERAY RESOURCES LTD. and MILL CITY INTERNATIONAL INC. are pleased
to announce that SouthernEra Resources Ltd. has recommenced exploration on
the 152,000 acre Yamba Lake Property in the Northwest Territories. At a
recent presentation in Calgary, Mr. Howard Bird of SouthernEra announced
that the 1999 exploration program would consist of a minimum of $1,000,000
in expenditures. Mr. Bird stated that this budget would be increased
depending upon the results as the exploration program proceeded.
SouthernEra has the right to earn a 51% undivided interest in the Yamba
Lake Property by expending $10 million on or before December 31, 2002.
The 1999 program commenced on February 16, 1999, with an 8,000
line-kilometer high resolution airborne geophysical survey at 100 metre
spacing over the entire property. Unique to this program is that all
geophysical data obtained from the airborne survey will be processed daily
at SouthernEra's camp on the property, which will permit immediate
follow-up of ground geophysics and drill testing. In addition to any new
targets identified, two previously discovered kimberlites, the Ptarmigan
and the T-10 pipes, will also be re-drilled in mid-March.
As exploration techniques in the Northwest Territories have been
modified and improved over the past number of years, Mill City, Tanqueray
and SouthernEra are optimistic that the current program has a realistic
objective of finding numerous additional kimberlites over and above the six
kimberlite pipes identified through previous exploration program
I believe this is a shade different from yours, Hope it helps.
John
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