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Gold/Mining/Energy : Kalahari Resources Makes Major Move Upwords -- Ignore unavailable to you. Want to Upgrade?

To: originunknown who wrote (348)	4/28/2001 4:06:58 PM
From: originunknown	Respond to of 349

Northwest Territories, Canada Diamond Exploration Update 4/18/01 KALAHARI RESOURCES INC ("KLA-V;KALRF-0") SOUTHERNERA RESOURCES LTD ("SUF-T") - Northwest Territories, Canada Diamond Exploration Update Albert W. Applegath, President, reports: Mackay Lake Project - 118,795 Acres Approximately 24 miles x 8 miles SouthernEra Resources Limited: 70% Kalahari Resources Inc.: 30% The following has been received from our joint venture partner, SouthernEra Resources Limited: Vertical hole ML-002, 800 metres east of the completed first hole was stopped at 1601 metres. No kimberlite was intercepted. Two narrow kimberlite intersections were contained in the first completed hole. Company geologists believe that these intercepts are a north-east extension of the Snap Lake Deposit. Diamondex is currently drilling two (2) vertical holes, 4,200' and 7,000', west of the Mackay Lake SouthernEra/Kalahari border and immediately north of the DeBeers/Snap Lake Deposit (completion expected over the next twenty days). If either of these holes is successful, the Snap Lake Trend would be to the north and possibly north-east, making a potential new drill target area for our joint venture partner to the north and north-east of the first completed hole at the Mackay Lake Project. The total project area (Mackay Lake/Back Lake) which is joint ventured by SouthernEra measures approximately 38 miles east-west by 10 miles north-south or 380 square miles. DeBeers (Snap Lake Deposit), DeBeers (Mountain Province joint venture and pipes) and Diamondex are the adjoining neighbours (map available). TEL: (604) 669-3332 Kalahari Resources Inc. INET : www.info@kalahari-resources.com ______________________________________ ___________________________________________________________________ (c) Market News Publishing Inc. Tel:(604) 689-1101 All rights reserved. Fax:(604) 689-1106 MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041. © 2000 StockHouse.com \| Disclaimer