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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: gemsearcher who wrote (3593)	6/8/1999 8:39:00 AM
From: Gord Bolton	Respond to of 7235

SouthernEra Resources Limited - POSITIVE MICRODIAMOND RESULTS RETURNED FROM MUNN LAKE KIMBERLITE SILL, BACK LAKE PROJECT, NORTHWEST TERRITORIES, CANADA TORONTO, June 8 /CNW/ - SouthernEra Resources Limited (SUF-TSE) is pleased to report microdiamond results from caustic fusion analyses of kimberlite drill intersections from the Munn Lake kimberlite sill, Back Lake Project (SUF 70%), Northwest Territories, Canada. The Back Lake diamond project (a joint venture between SouthernEra Resources Limited, Kalahari Resources Inc., and Island-Arc Resources Corp.), is located 100km south of Lac de Gras within the southern kimberlite field that includes the Snap Lake kimberlite sill and the Kennady Lake kimberlite pipes. A core diamond drilling programme, consisting of 10 holes, tested the Munn Lake kimberlite sill during March, 1999. The drill holes tested an area of 300m x 150m below the surface of Munn Lake. A total of 8 drill holes intersected kimberlite with true widths ranging from 0.25m to 12m. The best intersections are 12m, 8m and 5m true thickness. The sill is open along its strike length and down-dip. Microdiamond results from diamond drill core holes, 99-19-1 and 99-19-2, and sonic drill hole, SD992, are tabulated in Table 1. Microdiamond results returned from kimberlite boulders located down-ice of the Munn Lake kimberlite sill are listed in Table 2 for comparative purposes. << TABLE 1 Munn Lake Sill Microdiamond Results ----------------------------------- ----------------------------------------------------- DDH Weight Total Macro Micro Diamonds (kg) Diamonds Count Count Per 10kg ----------------------------------------------------- SD992 5.2 4 0 4 7.7 99-19-1 7.5 4 2 2 5.3 99-19-2 7.0 3 0 3 4.3 99-19-2 4.5 1 0 1 2.2 99-19-2 8.8 2 0 2 2.3 99-19-2 9.0 0 0 0 0 --------------------------------------------------- 42.0kg 14 2 12 3.3 --------------------------------------------------- Microdiamond - largest dimension less than 5mm. Macrodiamond - largest dimension greater than 5mm. TABLE 2 Microdiamond Results Returned from Kimberlite Float Located Down-Ice of Munn Lake Kimberlite Sill --------------------------------------------- ---------------------------------------------------------------------- Weight Total Macro Micro Diamonds Remarks (kg) Diamonds Count Count Per 10kg ---------------------------------------------------------------------- 581.29 226 62 164 3.9 One 0.12 carat. One 0.03 carat. Three 0.01 carat diamonds recovered. ---------------------------------------------------------------------- >> The positive microdiamond results and recovery of a 0.12 carat diamond are supported by excellent pyrope garnet and chromite chemistry. Over 40% of the pyropes occur within the G10 field. SouthernEra plans to test both the northwestern and southeastern kimberlite sill strike extensions on land in order to define its thickness and to locate the surface trace of the sill to plan for the possible collection of a mini-bulk kimberlite sample to test its diamond content. %SEDAR: 00004535E -30- For further information: please contact: Christopher M.H. Jennings, President/A. Lee Barker, Senior Vice-President/Kim Freeman, Vice-President, Operations/Howard Bird, Senior Geologist/Nicholas Sayce, Investor Relations, Phone: (416) 359-9282, Fax: (416) 359-9141, e-mail: inbox@southernera.com, southernera.com

To: gemsearcher who wrote (3593)	6/8/1999 8:49:00 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 7235

Finding 2 macro-diamonds in 42 kg of drill core is very positive. That would imply 100 macro-diamonds per tonne of ore, which would in turn imply a potential for >1 carat per tonne. The chemistry and previous comments indicate an environment conducive to diamond preservation and the potential for excellent quality diamonds. There are indications that the sill does extend significantly beyond the area tested and under land which means that drilling can continue during the summer to further define the dimensions and parameters of the resource.