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

To: VAUGHN who wrote (1771)	7/17/1998 3:26:00 PM
From: RBMac	Read Replies (1) \| Respond to of 7235

Back Lake Project Update, N.W.T., Canada KALAHARI RESOURCES INC ("KLA-V;KALRF-L") SOUTHERNERA RESOURCES LTD ("SUF-T;SOARF-L") - Back Lake Project Update, N.W.T., Canada Albert W. Applegath, President of Kalahari Resources Inc. reports: The following was received from our joint venture partner/operator, SouthernEra Resources Limited at 10:00 a.m. July 16, 1998: A summer exploration program will commence on the Back Lake project during the first week of August, 1998. A till sampling program will be completed to further delineate three weak kimberlite heavy mineral indicator trains in order to locate their up-ice primary kimberlite sources. A total of 300 till samples will be collected during this program. The primary focus of the Back Lake project over the next ten months will be to locate the primary kimberlite sources of the "Yuryi" kimberlite float located on the shore of Munn Lake and the Margaret Lake kimberlite heavy mineral indicator train. The "Yuryi" kimberlite float has returned 226 diamonds from 581.29 kilograms of processed kimberlite. Sixty-two (62) diamonds are greater than 0.5mm in their largest dimension. The largest diamond is 0.12 carats, with one 0.03 carat and three 0.10 carat diamonds recovered. The primary kimberlite sources of the "Yuryi" kimberlite float and the Margaret Lake kimberlite heavy mineral indicator train are believed to occur in Munn and Margaret Lakes, respectively. To date, geophysical surveys covering Munn and Margaret Lakes have failed to define high priority targets whose geophysical signatures are indicative of kimberlite pipe intrusions. This suggests that the kimberlite pipes could have either no or subtle geophysical signatures. There are up to twenty (20) subtle geophysical targets which remain to be tested within the Munn/Margaret Lake grids. An attempt to locate the kimberlite pipes utilizing a sonic drill to collect till samples from the bottom of Munn and Margaret Lakes will commence mid January, 1999. The till samples will be processed for the recovery of kimberlite heavy mineral indicators in order to track the Munn (Yuryi kimberlite float) and Margaret Lake indicator trains from the shoreline, in an up-ice direction, until an up ice cut-off is established. This will define and minimize the kimberlite pipe search area within the two lakes. Core diamond drilling will be conducted from March to May, 1999 to test subtle ground geophysical targets defined during spring 1998 and test any positive results returned from the sonic drill till sampling programs. A total of CDN $1.2 million will be spent on the Back Lake property from July, 1998 to June, 1999. STREAMLINING INVENTORY To streamline its inventory, the following Prospects in Canada are being dropped: Adit Prospect, Amikougami Prospect, Claddagh-Kirkland Prospect, Granite Creek Prospect, Hutt Lake Prospect, North Contact Prospect, Porcupine Miracle Prospect, Shamrock Prospect, Silver Bar Prospect, Village Prospect, and Wickstead Prospect. TEL: (604) 669-3332 Albert W. Applegath, President ______________________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041.