12th May 2006 07:00
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 largediameter RC ("LDRC") drilling on the lake-ice at DO-27 has been completed forthis 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 kimberliteis scheduled to begin October, 2006. A total of eighteen LDRC holes totaling 3202 meters have been completedto date at DO-27 by Peregrine including twelve holes totaling 2424 meterscompleted this winter. Approximately 566 tonnes of kimberlite were extracted during the winter2006 bulk sampling program for a total of over 717 tonnes of kimberliteextracted from DO-27 to date by Peregrine through LDRC drilling. The 2006program recovered material from vertical depths of up to 403 meters ascompared to 209 meters in the 2005 program. This year's bulk sample consisting of 444 samples have been delivered tothe Ekati(TM) Diamond Mine for diamond recovery processing which is scheduledfor June/July, 2006. A total of twenty-four NQ and HQ core holes totaling 5233 meters havebeen completed to date at DO-27 by Peregrine including twelve holes totaling2929 meters this winter. Core drilling is currently continuing with thefollowing 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 a54.475% interest plus Operatorship. The other partners' project interests areas follows: Archon Minerals Ltd 13.275%, Aber Diamond Corp. 7.35%, DHKDiamonds Inc. 20% (1/3 controlled by each of Dentonia Resources Ltd.,Horseshoe Gold Mining Inc., and Kettle River Resources Ltd.), and SouthernEraDiamonds Inc. 4.9%. Peregrine's diamond exploration programs are conducted under thedirection 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 diamondcompanies with extensive alluvial and kimberlite diamond exploration in theDRC as well as other countries including Canada, Gabon, Zimbabwe and SouthAfrica. The Company also holds the Klipspringer Diamond Mine in South Africaand maintains an 18 percent free-carried interest in the Camafuca DiamondProject 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. For further information: SouthernEra Diamonds Inc.: Howard 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; 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)ENDSOUTHERNERA DIAMONDS INCRelated Shares:
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