Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : A CANADIAN DIAMOND HUNT -- Ignore unavailable to you. Want to Upgrade?

To: vds4 who wrote (814)	8/29/2002 9:56:42 PM
From: Rocket Red	Read Replies (1) \| Respond to of 930

Well I don't think it was about Snap Lake! MPV News around the corner like Next week and hearing some mighty big stones were found!Close to 20 Carats!

To: vds4 who wrote (814)	8/30/2002 12:47:44 PM
From: VAUGHN	Respond to of 930

Your Welcome Martin *Off THe Wire* SouthernEra Completes Drill Testing of the Sue and Sputnik Kimberlite Pipes at Yamba Lake Project Shares Issued and Outstanding: 51,611,800 TSX: SUF AIM: SRE TORONTO, Aug. 30 /CNW/ - SouthernEra is pleased to announce the completion of the drill programme at the Company's Yamba Lake Project in the Northwest Territories of Canada. Following the significant microdiamond results announced from the first drill hole at the Sue kimberlite pipe (see SouthernEra's news release dated July 8, 2002) a further six holes were drilled during August. Three additional holes were drilled at Sue in order to determine the diamond stone size distribution from a larger sample and also to better understand the structure of the Sue pipe. The Sputnik kimberlite pipe was also tested with one drill hole. In addition, two airborne targets were drill tested returning negative results. In its July 8 news release, SouthernEra reported: "The Sue is one of seven known kimberlite pipes at Yamba Lake. Its surface expression is estimated to be 150 metres by 100 metres - similar in size to those at Ekati. The first hole at Sue, drilled at a minus 45-degree angle, intersected 172 metres of kimberlite yielding a sample of 226.7 kilograms. This sample, independently tested by Saskatchewan Research Council's Geoanalytical Laboratory, returned 77 microdiamonds (using a 0.106 millimetre mesh bottom screen) plus 18 macrodiamonds having one dimension greater than or equal to 0.50 millimetres. Within this sample, the best results were generated within a 71.35-kilogram portion returning 52 microdiamonds and 17 macrodiamonds. The hole was stopped in kimberlite." All three holes drilled at the Sue pipe during August intersected kimberlite, as did the drill hole at the Sputnik pipe. Microdiamond results from the Sue and Sputnik pipes will be announced in approximately 6 weeks. SouthernEra can earn a 60% interest at Yamba Lake by completing a bankable feasibility study by the end of 2006. Under certain project financing arrangements, the Company can increase its interest to 65%. SouthernEra's partners at Yamba Lake are Tanqueray Resources Ltd., Mill City International Inc. and Techsite Strategies Corp. SouthernEra Resources is a fully integrated international mining company, which generates projects offering exceptional rates of return. The Company's focus is on platinum group metals and diamonds. Its operations in South Africa include the 70.4 percent owned Messina Platinum Mine and the 50 percent owned Klipspringer Diamond Mine. The common shares of SouthernEra are traded on the Toronto Stock Exchange (SUF) and the London Stock Exchange's AIM (SRE). Regards Vaughn