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

To: Donald McRobb who wrote (5307)	1/6/2000 10:45:00 AM
From: Donald McRobb	Read Replies (1) \| Respond to of 7235

Vaaldiam options SouthernEra's diamond properties SouthernEra Resources Limited SUF Shares issued 27,766,645 Jan 5 close $2.05 Thu 6 Jan 100 News Release See Vaaldiam Resources Ltd (VRL) News Release Mr. Ken Johnson reports Vaaldiam Resources has signed an agreement with diamond producer SouthernEra Resources Ltd., providing Vaaldiam with the option to earn up to a 70-per-cent interest in three of SouthernEra's diamond projects in the Republic of South Africa. The Prieska diamond project The Prieska project is located 180 kilometres to the southwest of the city of Kimberley. The project consists of three properties that encompass the past-producing Sandrift mine, an underground mine which produced high-quality diamonds during the early 1900s. SouthernEra's detailed exploration work completed during 1999 resulted in the discovery of a new kimberlite dyke on the property and provided strong indications of at least four additional kimberlite occurrences. The high quality of the Sandrift production, coupled with the excellent chemistry of the indicator minerals found within the new kimberlite discovery and associated anomalies, serves to underscore the high potential of the Prieska project. Vaaldiam can earn a 70-per-cent interest in the Prieska project by spending approximately $875,000 on exploration and development work over the next two years. Makoppa diamond project The Makoppa project is located in South Africa's Northern Province, approximately 210 kilometres to the northwest of the city of Pretoria. SouthernEra acquired control of the mineral rights to the two properties comprising the Makoppa project in 1995, following their discovery of indicator garnets in reconnaissance samples. Detailed sampling by SouthernEra confirmed the presence of kimberlites within the project area, and a limited drilling program in 1999 resulted in the discovery of two east-west trending kimberlite dyke systems. These kimberlites are diamond-bearing with four macrodiamonds totalling 0.04 carats in weight having been recovered in two percussion drillholes. One macrodiamond (0.22 carats) was also recovered from a shallow trench on one of the properties. Vaaldiam is planning a program of detailed drilling and bulk sampling of these kimberlite bodies to test the economic potential of these discoveries. Under the terms of the agreement with SouthernEra, Vaaldiam can earn a 70-per-cent interest in the Makoppa project by spending approximately $1,385,000 on exploration and development programs during the next two years. Mooikloof diamond project The Mooikloof project is situated along South Africa's border with Botswana, some 350 kilometres north of Pretoria. The property lies adjacent to De Beers new "Oaks" diamond mine, which commenced production last year. SouthernEra acquired the rights to the Mooikloof project in 1998 after reconnaissance sampling resulted in the recovery of kimberlite indicator minerals. Subsequent sampling resulted in the delineation of two anomalies situated about one kilometre to the west of the Mooikloof kimberlite pipe, which lies on the eastern half of the property. It is encouraging to note that two macrodiamonds, weighing 0.01 and 0.02 carats, were recovered during surface sampling of these new anomalies. Management believes that the results to date indicate the strong possibility that another kimberlite body exists on the Mooikloof project. Vaaldiam can earn a 70-per-cent interest in the Mooikloof project by spending $355,000 on exploration and development over the next two years. Under the terms of the option agreement, SouthernEra will retain the right, for a 90-day period following the completion of a feasibility study, to buyback an additional 25-per-cent interest in any of the three properties, by reimbursing Vaaldiam with double its expenditures on that property. Vaaldiam will operate the projects and will use the independent contract services of Mike Scott & Associates, mineral exploration specialists based in South Africa, to conduct the exploration activities on the properties. Exploration work will commence prior to the end of the first quarter of 2000. Ken Johnson, president of Vaaldiam, commented that, "The properties that Vaaldiam has acquired under this agreement complement our company's alluvial diamond projects in South Africa and the Central African Republic, and provide us with a diverse portfolio of advanced-stage diamond properties, that can be efficiently and cost-effectively explored and developed."

To: Donald McRobb who wrote (5307)	1/6/2000 4:33:00 PM
From: Donald McRobb	Respond to of 7235

01/06/2000 - 24 Trades for T:SUF Ex Time Price Change Volume Buyer Seller T 2000-01-06 15:56:50 1.950 -.100 1200 22 Thomson Kernaghan 81 HSBC T 2000-01-06 15:44:40 1.980 -.070 1800 90 CT Securities 81 HSBC T 2000-01-06 15:03:50 1.950 -.100 1000 80 National Bank 81 HSBC T 2000-01-06 14:40:30 1.950 -.100 1000 7 Green Line 81 HSBC T 2000-01-06 14:40:30 1.950 -.100 1000 22 Thomson Kernaghan 81 HSBC T 2000-01-06 14:40:30 1.950 -.100 1000 79 CIBC 81 HSBC T 2000-01-06 13:46:20 1.950 -.100 1000 7 Green Line 7 Green Line T 2000-01-06 13:31:30 1.970 -.080 1000 7 Green Line 81 HSBC T 2000-01-06 13:26:50 1.970 -.080 1000 7 Green Line 81 HSBC T 2000-01-06 13:17:00 1.950 -.100 800 79 CIBC 9 Nesbitt T 2000-01-06 13:17:00 1.960 -.090 1200 2 DS 9 Nesbitt T 2000-01-06 13:08:10 1.970 -.080 1000 7 Green Line 81 HSBC T 2000-01-06 12:20:30 1.970 -.080 1400 79 CIBC 33 Canaccord T 2000-01-06 11:34:20 1.970 -.080 100 36 Latimer 33 Canaccord T 2000-01-06 11:34:20 1.970 -.080 500 79 CIBC 33 Canaccord T 2000-01-06 10:03:30 2.000 -.050 2000 79 CIBC 88 Versus T 2000-01-06 10:03:30 2.000 -.050 500 80 National Bank 88 Versus T 2000-01-06 09:30:00 1.910 -.140 400 36 Latimer 2 DS T 2000-01-06 09:30:00 1.910 -.140 400 9 Nesbitt 2 DS T 2000-01-06 09:30:00 1.910 -.140 700 90 CT Securities 2 DS T 2000-01-06 09:30:00 1.910 -.140 1000 80 National Bank 2 DS T 2000-01-06 09:30:00 1.910 -.140 5000 7 Green Line 2 DS T 2000-01-06 09:30:00 1.910 -.140 1000 80 National Bank 2 DS T 2000-01-06 09:30:00 1.910 -.140 1500 2 DS 2 DS House Positions for SUF from 01/06/2000 to 01/06/2000 Ex House Bought Av/Sh Sold Av/Sh Net $Net T 7 Green Line 10000 1.94 1000 1.95 9000 -17410 T 79 CIBC 5700 1.97 0 0.00 5700 -11253 T 80 National Bank 3500 1.93 0 0.00 3500 -6770 T 90 CT Securities 2500 1.96 0 0.00 2500 -4901 T 22 Thomson Kernaghan 2200 1.95 0 0.00 2200 -4290 T 36 Latimer 500 1.92 0 0.00 500 -961 T 9 Nesbitt 400 1.91 2000 1.96 -1600 3148 T 33 Canaccord 0 0.00 2000 1.97 -2000 3940 T 88 Versus 0 0.00 2500 2.00 -2500 5000 T 2 DS 2700 1.9310000 1.91 -7300 13883 T 81 HSBC 0 0.0010000 1.96-10000 19614 Total 27500 1.9527500 1.95 0 0