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

To: gemsearcher who wrote (3723)	6/21/1999 2:02:00 PM
From: maxed	Respond to of 7235

4,567,000 Tonne drill indicated resource at Leopard Fissure - significant increase in kimberlite resource at Klipspringer Mine - TORONTO, June 21 /CNW/ - SouthernEra Resources Limited (SUF - TSE) today announced that recent drilling results have significantly increased the indicated kimberlite resource for the Leopard fissure at its 100% owned Klipspringer underground mine. Following an extensive drilling programme along a 3.45km strike length, the indicated kimberlite resource to the 1,000 metre elevation is calculated to be 4,567,700 tonnes, using a specific gravity (S.G.) of 2.45. The 1,000 metre elevation lies between 500 and 630 metres below the surface outcrop of the Leopard fissure. Bulk sampling to date from the Leopard fissure has resulted in an in situ grade of 73 carats per hundred tonnes. A 1,000 tonne per day recovery plant has already been installed on the property to process ore from SouthernEra's Klipspringer mine. The underground development programme on the Leopard fissure is well advanced and treatment of ore commenced to-day. A 1997 sale of 4,832 carats of Leopard fissure diamonds, realised US$118.71 net (after commission) per carat. ''These results confirm and significantly enhance the long term resource of the Leopard fissure system'' says Dr. Chris Jennings, President of SouthernEra.