SI
SI
discoversearch

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 : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?


To: DIAMOND JIM who wrote (1982)9/1/1998 12:39:00 PM
From: PHILLIP FLOTOW  Respond to of 7235
 
Here it is:
SOUTHERNERA RESOURCES LIMITED - MARSFONTEIN JOINT VENTURE -
SOUTH AFRICA PRODUCTION BEGINS.

TORONTO, Sept. 1 /CNW/ - SouthernEra Resources Limited (SUF - TSE), is
pleased to announce that commercial production commenced on Monday, 31st
August, 1998, at the M1 kimberlite on the Marsfontein Joint Venture project
(De Beers 60%, SouthernEra 40%), in South Africa.
Processing of surficial material consisting of diamondiferous overburden
began yesterday. The plant is now expected to operate on a continuous basis
until the resource is depleted.
Earlier bulk sample testing of the near surface overburden and surficial
deposits overlying M-1 yielded 22,390 carats of diamonds. The recoveries
indicated for this material, although erratic, were higher than the grade
obtained by bulk sampling of the primary kimberlite.
Waste stripping, pit preparation and stockpiling of ore are proceeding at
the site. Progress reports will be made at regular intervals.

%SEDAR: 00004535E

PHIL