Drilling Report
SouthernEra Joint Venture Completes Drill Testing at the
Yilgarn Diamond Project in Australia
Shares Issued and Outstanding: 85,335,411
TSX: SDM
AIM: SRE
TORONTO, Sept. 27 /CNW/ - SouthernEra Diamonds Inc ('SouthernEra') (TSX:
SDM, AIM: SRE) announced today that the SouthernEra/Caldera Joint Venture has
completed the first phase drill program at the Yilgarn Diamond Project in
Western Australia.
During August 2004, a reverse circulation (RC) drilling program was
completed at ten high priority, isolated dipolar aeromagnetic targets for a
total of 656 meters. Preliminary field examination of drill chips at one
anomaly necessitated drilling a second deeper hole to 82 metres to obtain
additional material for laboratory work. Some of these drill targets are
situated approximately 30 kilometres from the diamondiferous Jewill
kimberlites.
The Yilgarn Diamond Project is located in the Proterozoic Earaheedy Basin
kimberlite province of Western Australia. This province hosts the Jewill and
Nabberu kimberlite fields which both contain diamondiferous kimberlite pipes.
The Jewill kimberlites were discovered by CRA Exploration (now Rio Tinto
Exploration) in 1989 and comprise four kimberlites, two of which are
diamondiferous. The Nabberu field, which was discovered by De Beers during
1991-92, hosts twelve kimberlites, four of which are diamondiferous, and an
unknown number of lamprophyres.
The SouthernEra/Caldera Joint Venture selected the project area on the
basis of known diamondiferous kimberlites in a region encompassing numerous
structural lineaments, and a number of unresolved indicator mineral anomalies,
including micro-diamond occurrences. In early 2003, UTS Geophysics of Perth
completed 100 metre line-spaced aeromagnetic surveys for a total of 7,600 line
kilometres. During 2003, selected magnetic airborne targets, indicative of
possible pipe-like body intrusions, were followed-up with a loam-sampling
program. This resulted in the recovery of kimberlitic spinels at eight of the
ten targets drilled during August 2004. In addition, rock float collected at
one of the targets is of possible kimberlite/lamproite origin. The positive
follow-up exploration results led to the application of further exploration
licenses in late 2003. These licenses cover approximately 1,200 square
kilometers of ground considered prospective for new diamond discoveries.
Laboratory work on the drill material has commenced. This includes multi-
element geochemical analysis by Ultratrace Laboratories in Perth and
processing of heavy mineral concentrates for kimberlite indicator mineral
recovery carried out by Western Geochem and Diatech Heavy Mineral Laboratories
in Perth. Should results be positive, larger drill samples will be processed
for micro-diamonds. Results of the laboratory work will be published once
received.
SouthernEra has earned a 51 percent interest in the Joint Venture by
expending C$1,000,000 over a four year period. The partners continue funding
the Joint Venture on a 51% (SouthernEra) and 49% (Caldera) contributing basis.
Australia is one of five countries in which SouthernEra is engaged in
extensive diamond exploration. Others include Canada, Gabon, the DRC and South
Africa. This represents the fourth most active global diamond exploration
program after the majors DeBeers, BHPB and Rio Tinto. The Company also
operates the Klipspringer Diamond Mine in South Africa and maintains an 18
percent free-carried interest in the Camafuca Diamond Project in Angola.
Mr. Martin Jackson, a member of the Australian Institute of Mining and
Metallurgy (MAusIMM: Membership No. 210861), is the qualified person
responsible for the technical information in this release.
Some statements contained in this news release are forward-looking and,
therefore, involve uncertainties or risks that could cause actual results to
differ materially. Such forward-looking statements include comments regarding
exploration work. Actual results could differ materially from those
anticipated. The Company disclaims any obligation to update forward-looking
statements.
For further information: SouthernEra Resources Limited: Howard Bird,
Vice President Exploration, or Sharon Allan, Investor Relations, Telephone:
(416) 359-9282, Fax: (416) 359-9141, E-mail: inbox@southernera.com,
www.southernera.com
(SDM. SRE)
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