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

To: gemsearcher who wrote (6153)	8/17/2000 11:22:43 AM
From: teevee	Respond to of 7235

gemsearcher, Here is my take from my post on the Winspear thread: Yes, I expect that DSP will be drilling the King claims and conducting more exploration on the Hilltop claims. I have a few observations that I would like to share. I noticed that the drill holes located in Q 17 and P 18 and reported during the VRP, have two intersections. The thickest individual intersections reported over the last two years are proximal or closer to the Snap Fault. This structure trends at about 65 or 70 degrees and runs up into SUF's large claim block north of WSP and east of DSP. If this structure is controlling emplacement and thickness, and if multiple sheets are possible, then you should also consider the potential of the SUF claims. A deposit model conforming with the available data, suggests that the kimberlite came up the Snap fault and was injected laterally into sub horizontal sheets or tongues. The Snap fault may have closed again or pinched after intrusion of the kimberlite. The Snap Lake kimberlite sheets may extend into SUF's claims, however, it is reasonable there could also be additional intrusive centres on the fault on trend up into SUF's claims. Additional kimberite sheets may also have been injected at shallower depths. Pipes, dykes and large blows along the dykes are also a possibility. Also, a parallel trending structure occurs south of the Snap Fault and trends to the south west through the Hilltop claims. These DSP claims are checkerboarded with SUF. It is a pity that DeBeers has made its move now, just when the geological controls were beginning to be understood on WSP's claim block, however, DSP and SUF will benefit from that knowledge. Lets hope the DeBeers takeover of WSP will generate sufficient market interest to provide the funding for another sustained exploration campaign by DSP and SUF. I certainly hope so as there are surely more deposits to be found in this area. regards, teevee

To: gemsearcher who wrote (6153)	8/17/2000 11:39:35 PM
From: VAUGHN	Respond to of 7235

Hello Gemsearcher No much to ad other than CJ offered his opinion in a recent interview which was that "WSP's Snap Lake kimberlite almost certainly extends onto SUF claims at depth." On a seperate note, this from the SUF web site: Globe and Mail Newspaper, Tuesday, August 15, 2000: SouthernEra Resources Ltd. has scaled back its pay policies for executives and directors "to align them more with the interests of the shareholders," the troubled diamond miner said yesterday. The company, run by a new board installed by angry shareholders, said it will stop providing senior executives with so-called golden parachutes, or termination agreements that pay up to 300 percent of annual salary in the event of a corporate change of control. "We believe that the effect of such arrangements is to penalize shareholders for exercising their ownership rights," Rudi Fronk, a SouthernEra director, said in a release. "We are currently investigating whether a number of such existing arrangements were properly authorized and intend to contest their validity vigorously." Chris Jennings, the company's chairman, has voluntarily agreed to surrender his termination agreement without compensation, SouthernEra said. The move comes a little more than two months after the former president of SouthernEra quit after shareholders installed a new board to run the Toronto company. Steve Banning, a Denver mining executive who was made president in February, left the company in early June, as did John Pearson, vice-president for investor relations. The changes came after a shareholder revolt at the Toronto-based company's annual meeting in June led to the installation of a new board of directors. SouthernEra shareholders had been unhappy about the sagging share price as well as a plan by Mr. Banning to move the company to Denver. In SouthernEra's new compensation policy, the company said employment contracts will limit termination pay to a maximum of one year. To receive the maximum, employees will need to have at least one full year of service. As well, the company will stop paying directors to attend board and board committee meetings in addition to to stock options, and revised the terms of stock options granted to senior officers and directors. SouthernEra also said it will soon announce its new chief executive officer to replace Mr. Banning Regards

To: gemsearcher who wrote (6153)	8/20/2000 2:03:08 PM
From: teevee	Read Replies (1) \| Respond to of 7235

gemsearcher, From my post on SW: Author: teevee -- Date:2000-08-20 10:59:02 Subject: Diamond opportunities:-)) DH, If the dyke trends NE, as it seems to be doing, then for sure it is going onto SUF property, A geological "rule of thumb" suggests that the kimberlite could reasonably be expected to continue for half as far again. That would extend the dyke well onto the DSP and SUF claims. also stated is that the grade seems to be increasing with the downdip, is this because of proximity to the "source". A good way to see the trend of the grade is to perform a (thickness x micro diamond count/100) calculation for the grid squares and contour the numbers( I used the maps and data from the May 15 and August 10 press releases and contoured at >50, >30, >25). Then draw a best fit line best representing the axis of the contours. The highest (grade x thickness/100) all occur within a 1000 meters of the north shore of Snap Lake and the axis through the contours trends north-east to the S.E. and S.W. corners of the DSP and SUF claim blocks respectively. The spacial relationship between these features and the Snap Fault fault zone is highlighted by this exercise. The Snap Lake kimberlite sheet must be associated with a deep seated structure/fault/plumbing system that acted as a magma conduit. Another feature that is highlighted by the contouring are two lobes. These lobes probably indicate a N.W. trending structure that intersects the N.E. trending Snap Lake fault. Such an intersecting structure may have been instrumental in the thickening in this area of the Snap Lake dyke. The Snap Lake fault is probably a very old structure as it is parallel to the 2.2 billion year age set of diabase dykes that trend to the north east. It seems reasonable that this old structure may have been reactivated during the late Cretaceous or early Tertiary when the kimberlite event occured. If you believe the "trend is your friend", then performing this excercise is a must. An obvious inference one may draw from this exercize is that the source is more likely to be a deep seated, north-east trending fissure of considerable length, rather than a point source such as a pipe, and that this fissure is spacially related to and controlled by the ancient Snap Lake fault zone. Areas along this trend intersected by N.W. trending faults may be favored as areas where thickening of the dyke has occured. If so, then CJ's statement that the Snap Lake deposit could easily fit within the SUF claim block may well be prophetic. Another inference is that areas of greatest thickness are most likely to be similiar to blows on verticle dykes. A point source or single pipe source model for the Snap lake dyke now appears more ptolemaic than geologically reasonable, given the available data. regards, teevee