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

To: VAUGHN who wrote (439)	4/1/1999 11:24:00 AM
From: MZUBOZ	Read Replies (1) \| Respond to of 707

The following is an excerpt from a Southernera PR. The Yamba Lake diamond property is located within the Lac de Gras kimberlite field approximately 46 kilometres to the north of the producing BHP/Dia Met Minerals' Ekati diamond mine. The Yamba Lake project is a joint venture between SouthernEra Resources Limited, Tanqueray Resources Ltd., Mill City International Inc. and Cypango Ventures Inc. The 1999 diamond exploration programme commenced on 16th February, with an 8,000 line kilometre high resolution airborne geophysical survey at a 100 metre line spacing over the entire property. To-date approximately two-thirds of the survey have been completed. All airborne geophysical data is being processed on a daily basis at the Yamba Lake camp, to permit immediate target follow-up. Follow-up ground geophysical surveys commenced on 20th March on selected airborne geophysical targets indicative of kimberlite pipe intrusions. More than 30 airborne targets will be surveyed by the end of April. Diamond drill testing of the airborne targets will commence during the first week of April. In addition, the Ptarmigan and T-10 kimberlite pipes will be drill tested this spring for their diamond potential.