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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: average joe who wrote (26719)	8/31/2000 12:45:44 PM
From: eyewatch	Respond to of 26850

SouthernEra Mobilizes Drill Rig for MacKay Lake Project TORONTO, Aug. 31 /CNW/ - SouthernEra Resources has secured a drill rig to complete one hole before winter on its 70% owned MacKay Lake diamond prospect in the Northwest Territories. Drilling is expected to commence in September 2000. As previously announced, the MacKay Lake project could host the northeast extension of Winspear Resources Ltd.'s Snap Lake diamond deposit. If the shallow dipping Winspear kimberlite sill extends onto MacKay Lake, it would be at an estimated depth of 900 to 1,200 meters. Because of its high grade and high value, an extension of the Snap Lake deposit onto SouthernEra ground could be economic at these depths. This drilling initiative is not included in the current SouthernEra exploration program. Therefore, the Board of Directors of SouthernEra is considering a small equity private placement to fund the MacKay Lake program. SouthernEra Resources Limited is a diamond mining and exploration company and an emerging platinum group metals producer. The common shares of SouthernEra are traded under the symbol SUF on the Toronto Stock Exchange. %SEDAR: 00004535E -0- 08/31/2000 For further information: SouthernEra Resources Ltd., Rudi Fronk, Director, Telephone: (416) 359-9282, Fax: (416) 359-9141, e-mail: inbox@southernera.com