Drilling Report
Update on DO-27, WO Diamond Project, NWT, Canada
Shares issued and outstanding: 159,428,601
TSX: SDM
AIM: SRE
TORONTO/LONDON, May 11 /CNW/ - SouthernEra Diamonds Inc. (TSX: SDM; AIM:
SRE) announced today that it has been advised by Peregrine Diamonds Ltd.
("Peregrine"), operating partner of the WO Project Joint Venture, that large
diameter RC ("LDRC") drilling on the lake-ice at DO-27 has been completed for
this year. LDRC drilling on the land-based portion of DO-27 (Northeast Lobe)
is scheduled to begin in August, 2006. LDRC drilling of the DO-18 kimberlite
is scheduled to begin October, 2006.
A total of eighteen LDRC holes totaling 3202 meters have been completed
to date at DO-27 by Peregrine including twelve holes totaling 2424 meters
completed this winter.
Approximately 566 tonnes of kimberlite were extracted during the winter
2006 bulk sampling program for a total of over 717 tonnes of kimberlite
extracted from DO-27 to date by Peregrine through LDRC drilling. The 2006
program recovered material from vertical depths of up to 403 meters as
compared to 209 meters in the 2005 program.
This year's bulk sample consisting of 444 samples have been delivered to
the Ekati(TM) Diamond Mine for diamond recovery processing which is scheduled
for June/July, 2006.
A total of twenty-four NQ and HQ core holes totaling 5233 meters have
been completed to date at DO-27 by Peregrine including twelve holes totaling
2929 meters this winter. Core drilling is currently continuing with the
following objectives:
- Delineation drilling of DO-27, particularly the Northeast Lobe which
is land based.
- Geotechnical drilling at DO-27.
- Exploration drilling in the area between DO-27 and DO-18 where
previous core drilling intersected kimberlite and where geophysical
gravity data suggests that DO-27 and DO-18 may be connected at depth.
The WO Diamond Project is a joint venture with Peregrine holding a
54.475% interest plus Operatorship. The other partners' project interests are
as follows: Archon Minerals Ltd 13.275%, Aber Diamond Corp. 7.35%, DHK
Diamonds Inc. 20% (1/3 controlled by each of Dentonia Resources Ltd.,
Horseshoe Gold Mining Inc., and Kettle River Resources Ltd.), and SouthernEra
Diamonds Inc. 4.9%.
Peregrine's diamond exploration programs are conducted under the
direction of Dr. Jennifer Pell, Vice President Exploration, P. Geo., (BC),
P. Geo. (NT/NU), a qualified person under NI 43-101.
SouthernEra Diamonds is one of Canada's fully integrated diamond
companies with extensive alluvial and kimberlite diamond exploration in the
DRC as well as other countries including Canada, Gabon, Zimbabwe and South
Africa. The Company also holds the Klipspringer Diamond Mine in South Africa
and maintains an 18 percent free-carried interest in the Camafuca Diamond
Project in Angola.
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 Diamonds Inc.: Howard Bird, Senior
Vice President Exploration, or Sharon Allan, Investor Relations, Telephone:
(416) 359-9282, Fax: (416) 359-9141, E-mail: inbox(at)southernera.com,
www.southernera.com; London: 4C-Burvale, Carina Corbett, Director, Telephone:
++44 (0) 207-907-4761, Fax: ++44 (0) 207-907-4769, Email:
Corbett(at)4c-burvale.co.uk
(SDM. SRE)
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