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

To: gemsearcher who wrote (6283)	10/2/2000 12:06:22 AM
From: VAUGHN	Read Replies (1) \| Respond to of 7235

Hello Gemsearcher Courtesy of Crudestope: Vaaldiam Starts Exploration on SouthernEra's Mooikloof Diamond Property TORONTO, Sept. 27 /CNW/ - SouthernEra reports that Vaaldiam Resources Ltd. has commenced exploration on the Mooikloof diamond property, one of three properties that Vaaldiam holds through an option agreement with SouthernEra. Under the terms of the option agreement, Vaaldiam can earn up to a 70% interest in the Mooikloof property spending $355,000 on exploration and development prior to January, 2002. The Mooikloof property is situated along South Africa's border with Botswana, some 350km north of the city of Pretoria. The 2,335 hectare property encompasses the Mooikloof kimberlite pipe, a 3 hectare pipe that was discovered as a result of reconnaissance exploration by De Beers Consolidated Mines during the late 1980's. This exploration work also resulted in the discovery of the Oaks kimberlite pipe, which commenced full-scale production in late 1998. The Oaks Mine is situated immediately to the east of the Mooikloof property. SouthernEra acquired the rights to the Mooikloof property in 1998 after reconnaissance sampling resulted in the recovery of kimberlite indicator minerals. Subsequent sampling led to the delineation of two anomalies situated about one kilometer to the west of the Mooikloof 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. Vaaldiam management believes that the results to-date indicate the strong possibility that another kimberlite body exists on the Mooikloof property. Vaaldiam is currently completing an exploration program consisting of detailed surface sampling over the two kimberlite indicator mineral anomalies that are situated to the west of the Mooikloof pipe. It is anticipated that the results of this detailed sampling work will provide defined targets that can be tested by drilling and bulk sampling early next year. 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 -30- For further information: please contact: SouthernEra Resources Limited, Christopher M.H. Jennings, Chairman, Howard M. Bird, Vice-President, Exploration, Telephone: (416) 359-9282, Fax: (416) 359-9141, e-mail: Regards