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Gold/Mining/Energy : MILL CITY MIY-V -- Ignore unavailable to you. Want to Upgrade?

To: Peter Bourgeois who wrote (403)	2/18/1999 4:41:00 PM
From: eyewatch	Read Replies (1) \| Respond to of 707

Drilling to Commence in March at Yamba Lake Project, NWT. (SUF 51%) ------------------------------------------------------------------- The Yamba Lake property is located within the Lac de Gras kimberlite field approximately 45 kilometres to the north of the producing BHP/DiaMet Minerals' Ekati diamond mine. To-date six kimberlite pipes have been discovered on the property. It is planned to drill test the T-10 and Ptarmigan pipes. An 8,000 line kilometre high resolution magnetic and electromagnetic airborne survey will commence on February 18th at a 100 metre line spacing. The recovery of kimberlitic heavy minerals from over 1,000 till samples collected during August, 1998 is on-going. A number of high interest pyrope garnets with excellent G-10 chemistry that do not relate to the known kimberlite pipes on the property have been recovered. This would seem to suggest further possible sources or bodies of kimberlite. Geophysical anomalies indicative of kimberlite pipe intrusions selected from the airborne survey will also be drill tested in the Spring. %SEDAR: 00004535E -30- For further information: please contact: Christopher M.H. Jennings, President, A. Lee Barker, Senior Vice President, Kim Freeman, Vice-President, Operations, Frank van de Water, Vice-President, Finance, Nicholas Sayce, Investor Relations, Phone: (416) 359-9282, Fax: (416) 359-9141, e-mail: inbox@southernera.com JOHN