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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: Just G who wrote (195)	9/26/2002 2:22:30 PM
From: VAUGHN	Read Replies (1) \| Respond to of 16203

Just fine thanks Regards V

To: Just G who wrote (195)	9/30/2002 10:41:50 AM
From: Famularo	Respond to of 16203

SouthernEra secures additional PGMs at Messina SouthernEra Resources Ltd SUF Shares issued 51,611,800 Sep 27 close $6.43 Mon 30 Sept 2002 News Release Mr. Patrick Evans reports SOUTHERNERA PROVIDES UPDATE ON PROGRESS AT MESSINA PLATINUM SouthernEra Resources has provided an update of the recent developments at the Messina platinum mine. Over the past quarter, the following significant progress has been achieved: SouthernEra joint venture secured an additional 7.8 million ounces of platinum group metals -- the award of three new platinum properties (Dwaalkop properties) to SouthernEra and its 50-per-cent joint venture partner, Mvelaphanda Resources, increase the PGM resource under SouthernEra's control to more than 25 million ounces; successful completion of the phase 2 (Doornvlei) feasibility study -- the feasibility study indicates an operating mine life of 23 years, with full production of 120,000 tonnes per month being achieved by mid-2005. Peak capital requirement for the project is $84.7-million (U.S.); phase 1 (Voorspoed) main shaft commissioned on Aug. 19, 2002 -- the phase 1 main shaft was successfully commissioned on schedule and on budget; phase 1 (Voorspoed) concentrator plant commissioned Sept. 19, 2002 -- following cold commissioning, the 90,000-tonne-per-month main concentrator plant was handed over for hot commissioning on Sept. 12, nine days ahead of schedule and approximately 12 per cent under budget. Final commissioning occurred on Sept. 19; Messina platinum wins mineral reporting award on Aug. 15 -- Messina platinum received the South African Investment Analyst Society's Award for "Best Reporting of Mineral Reserves and Mineral Resources" according to the South African Mineral Resource Committee (SAMREC) code; and SouthernEra to underwrite Messina rights issue -- SouthernEra announced its intention to underwrite a Messina rights issue, which could increase its ownership in Messina from 70.4 per cent to a possible 75.3 per cent. Commenting on the developments at Messina platinum, SouthernEra president and chief executive officer, Patrick Evans, said: "The past quarter has seen exceptional progress made at SouthernEra's major asset, Messina platinum. Through the dedication and hard work of all our employees we have succeeded in achieving a number of key milestones. Our focus at Messina's phase 1 Voorspoed mine has now shifted to deepening the main shaft from 430 to 730 metres, and advancing development on the 275-, 350- and 400-metre levels to achieve our production target of 80,000 tonnes per month over the next 12 months."

To: Just G who wrote (195)	10/9/2002 9:14:30 AM
From: Famularo	Read Replies (1) \| Respond to of 16203

Ashton Mining of Canada Inc.: Additional Diamond Results From Renard Cluster VANCOUVER, BRITISH COLUMBIA--Robert T. Boyd, President and CEO of Ashton Mining of Canada Inc. ("Ashton"), is pleased to report additional diamond results from material collected at the time of discovery of Renard 1, 3, 4, 5, and 6. The five kimberlitic intrusions are located on the 153,000 hectare Foxtrot property in north-central Quebec which is held by Ashton and its joint venture partner, SOQUEM INC. ("SOQUEM"). The discoveries were announced on September 21, 2001 (Renard 1), March 28, 2002 (Renard 3) and April 9, 2002 (Renard 4, 5 and 6). DMS Results - Renard 5, 6 and 1 Samples from Renard 5 (364 kg), Renard 6 (457 kg) and Renard 1 (296 kg) were processed through the dense media separation plant at Ashton's North Vancouver laboratory to recover diamonds greater than 0.85 mm in two dimensions. The Renard 5 sample returned four diamonds having an aggregate weight of 0.95 carat. The largest diamond is a grey composite crystal weighing 0.92 carat. The Renard 6 sample returned a single translucent colourless diamond crystal weighing 0.26 carat. No diamonds were recovered from the Renard 1 sample. The potential diamond content of the three bodies should not be inferred from the results of small samples such as these. Caustic Dissolution Results - Renard 3, 4, 5, and 6 Material from Renard 3, 4, 5 and 6 was treated by caustic dissolution at Ashton's North Vancouver laboratory to recover diamonds greater than or equal to 0.1 mm in two dimensions. The current results together with the diamond results previously reported for these bodies are summarized in the following table. /T/ Diamond Results - Renard 3, 4, 5 and 6 ---------------------------------------------------------------------- Kimberlitic Date Sample Numbers of Diamonds Body Reported Weight Total greater greater greater (kg) Diamonds than or than or than or greater equal to equal to equal to than or 0.5 mm 0.5 mm 1.0 mm equal to (in one (in two (in two 0.1 mm dimension) dimensions) dimensions) (in two dimensions) ---------------------------------------------------------------------- Renard 3 Oct. 9, 2002 50.5 43 16 5 0 Jul. 2, 2002 156.1 38 17 12 6 ---------------------------------------------------------------------- Total 206.6 81 33 17 6 ---------------------------------------------------------------------- Renard 4 Oct. 9, 2002 50.6 19 11 8 1 (Note 1) (Note 2) Jun. 13, 2002 102.1 35 14 11 2 ---------------------------------------------------------------------- Total 152.7 54 25 19 3 ---------------------------------------------------------------------- Renard 5 Oct. 9, 2002 43.6 18 10 8 1 (Note 3) Jun. 13, 2002 100.3 35 22 13 1 (Note 4) ---------------------------------------------------------------------- Total 143.9 53 32 21 2 ---------------------------------------------------------------------- Renard 6 Oct. 9, 2002 51.2 6 2 1 0 Jun. 13, 2002 100.9 31 6 2 1 (Note 4) ---------------------------------------------------------------------- Total 152.1 37 8 3 1 ---------------------------------------------------------------------- Notes: 1. In addition to the diamonds shown in the table, 80 diamond fragments were recovered. These fragments are attributed to breakage, during sample processing, of one or more stones. 2. This diamond measures 2.9 mm x 1.5 mm x 0.6 mm. 3. This diamond measures 1.9 mm x 1.3 mm x 0.6 mm. 4. These data incorporate minor corrections from the values reported on June 13, 2002. /T/ The joint venture is encouraged by the diamond results derived to date from these bodies. As announced on October 4, 2002, additional diamond results are expected later in the fourth quarter. The joint venture will utilize these results and the extensive geological data generated on the Foxtrot property in planning further evaluation of the Renard cluster and surrounding area in 2003. SOQUEM is a wholly-owned subsidiary of SGF Minerals Inc., a subsidiary of Societe Generale de Financement du Quebec ("SGF"). The mission of the SGF is to carry out economic development projects in cooperation with partners and in accordance with accepted requirements of profitability. Ashton is the operator of the joint venture's exploration programs and Brooke Clements, Professional Geologist and Ashton's Vice President, Exploration, is responsible for their design and conduct and the verification and quality assurance of analytical results.