2nd Aug 2006 18:08
SouthernEra reports diamonds from RIP kimberlite Monument property, NorthwestTerritories, Canada Shares issued and outstanding: 159,464,229 TSX: SDM AIM: SRE - 198 DIAMONDS RECOVERED FROM 384.95 KG. OF RIP DRILL CORE TORONTO, ON and LONDON, UK, Aug. 2 /CNW/ - SouthernEra Diamonds Inc.(TSX: SDM; AIM: SRE) is pleased to report on microdiamond results forkimberlite pipe RIP, discovered in spring 2006 on the Monument Diamond Projectat Lac De Gras, Northwest Territories. Kimberlite RIP is delineated by two drill holes set perpendicular to oneanother. Drill hole MON06-01 intersected kimberlite between 43.0 and 98.8 m,and drill hole MON06-03 intersected kimberlite between 18.0 to 120.6 m. Thelatter drill hole collared in kimberlite, therefore RIP's size will increaseeastward with additional drilling. The drill holes sampled volcaniclastickimberlite, which was mineralized with kimberlite indicator minerals andcontained fossil carbonized wood. Drill core was logged, photographed, andsampled with select core samples retained for reference. All remaining BQthinwall size diamond drill core from RIP was analysed for microdiamonds. In total 384.95 kilograms of kimberlite RIP drill core was submitted formicrodiamond analysis to Saskatchewan Research Council GeoanalyticalLaboratories (SRC). Whole core sampling was successful in assembling ameaningful population of microdiamonds. The number of diamonds reporting toeach square mesh sieve is presented in the following table: << ------------------------------------------------------------------------- Combined 0.075 0.106 0.15 0.212 0.3 0.425 0.6 0.85 1.18 Weight mm mm mm mm mm mm mm mm mm (kg) Sieve Sieve Sieve Sieve Sieve Sieve Sieve Sieve Sieve TOTAL ------------------------------------------------------------------------- 384.95 56 57 32 24 18 3 3 4 1 198 ------------------------------------------------------------------------- (1) Saskatchewan Research Council Geoanalytical Laboratories (SRC) are accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as a testing laboratory for specific tests. (2) The largest diamonds measured 2.3 x 1.7 x 1.6 mm, 1.36 x 1.16 x 1.0 mm, 1.14 x 1.02 x 0.94 mm, 1.74 x 1.4 x 0.6 mm, and 1.6 x 1.1 x 0.6 mm. >> RIP is located 50m east of diamond-bearing kimberlite DD17, which is 0.93hectares in size. The JV Partners are encouraged that two significantlydiamondiferous kimberlites lie so close to one another, and are consideringadditional diamond drilling and sampling. The partners await diamond resultsfrom Nic, Sonja and DD17-11, the other members of the 1.2 km long blue-pearlkimberlite cluster. Results are expected from SRC at regular intervals in thethird quarter of 2006. The Monument Property consists of three mining leases located on thesouth shore of Lac de Gras, NWT at the south end of a kimberlite emplacementcorridor that hosts the Ekati Diamond Mine (operated by BHP Billiton).Kimberlite pipes discovered on the property to date include DD17, DD17-11,DD39, DD42, RIP, Nic and Sonja. Of these kimberlites DD17, DD17-11, DD39, DD42and RIP are known to be diamond bearing. Five kimberlite pipes (Sonja, Nic,DD17, RIP and DD17-11) are located centrally on the property in closeproximity to each other. Kimberlite pipe DD42 and two kimberlite dykes DD2002and DD42 East are located in the north portion of the property and kimberlitepipe DD39 is located in the south east. The project is operated by New Nadina under supervision of Mr. K. R.Kivi, P.Geol., an independent Qualified Person as defined by NationalInstrument 43-101. Field operations were supervised by Mr. Uwe Naeher,P.Geol., Western Exploration Manager for SouthernEra Diamonds. Mr. Kivi hasreviewed the content of this news release. The Monument project is owned 22.11% by SouthernEra Diamonds Inc., 57.49%by New Nadina Explorations Limited and 20.4% by Archon Minerals Ltd. with a 1%Royalty payable to each Kennecott Canada Exploration Inc. and DHK DiamondsInc. SouthernEra Diamonds is one of Canada's fully integrated diamondcompanies with extensive kimberlite diamond exploration and alluvial programsin the DRC as well as other countries including Canada, Gabon, Zimbabwe andSouth Africa. The Company also holds the Klipspringer Diamond Mine in SouthAfrica and maintains an 18 percent free-carried interest in the CamafucaDiamond Project in Angola. Some statements contained in this news release are forward-looking and,therefore, involve uncertainties or risks that could cause actual results todiffer materially. Such forward-looking statements include comments regardingexploration work. Actual results could differ materially from thoseanticipated. The Company disclaims any obligation to update forward-lookingstatements. 08/02/2006/For further information: SouthernEra Diamonds Inc., Howard M. Bird, SeniorVice President, Exploration, or Sharon Allan, Investor Relations, Telephone:(416) 359-9282, Fax: (416) 359-9141, E-mail: inbox(at)southernera.com,www.southernera.com/(SRE SDM.)ENDSOUTHERNERA DIAMONDS INCRelated Shares:
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