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

To: gg cox who wrote (5861)	3/23/2000 9:17:00 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 7235

Crystallex Initiates Drill Program for Diamonds in Uruguay VANCOUVER, British Columbia, March 23 /CNW/ -- Crystallex International Corporation (Amex: KRY; Toronto) announced today that it is commencing a drill program in Uruguay to explore for diamonds, in accordance with its proposed joint venture with SouthernEra Resources Limited (Toronto: SUF). Under the terms of the proposed Joint Venture, Crystallex will initially be the operator of the project and will conduct a 2,500-meter drilling program on SouthernEra properties in Northwest Uruguay. The program, expected to take approximately four months, will include the drill testing of several kimberlitic diatremes to investigate the geology of the diatremes, their indicator minerals and diamond potential. Announced in April 1999, the proposed joint venture covers exploration land held by both companies. Crystallex International Corporation is a gold mining and exploration company. The Company's strategy for growth is to develop its portfolio of properties in South America as well as to diversify geographically by investing in producing or near-production projects and by exploring properties of merit in other areas of the world. Note: This news release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Crystallex, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with The Toronto Stock Exchange, the United States Securities and Exchange Commission and other regulatory authorities. The Toronto Stock Exchange has not reviewed this release and does not accept responsibility for the adequacy or accuracy of this news release. -30- For further information: A. Richard Marshall, VP, 201-541-6650 ext. 26, or Andrea Boltz, 604-683-0672, or email, info@crystallex.com , both of Crystallex International Corporation /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 114620 /Web site: crystallex.com

To: gg cox who wrote (5861)	3/23/2000 11:09:00 AM
From: que seria	Respond to of 7235

Sounds as though Banning brings needed objectivity to SUF regarding (1) what is an economic project; (2) how and when to tell that (i.e., before committing to and spending money on development); and (3) the need to communicate with potential investors. I guess that's what facing up to reality at places like Pegasus and Golden Queen can do to/for a guy. Makes it hard to kid yourself. I toast to business supervision of geologists! If SUF hadn't spent our $30M on that Camafuca rathole, I could toast with champagne instead of coffee. My own misplaced belief in the progress of the story has turned SUF holdings into comatose money, but I still can't bring myself to sell. LTB&H unless we suddenly can say Oh, Canada!