Drilling Report

SouthernEra Updates Millennium Platinum Drilling Program

 

    Platinum Reef Strike Continuity Confirmed

    Shares Issued and Outstanding: 51,828,400

    TSX: SUF

    AIM: SRE

 

    TORONTO, Nov. 25 /CNW/ - SouthernEra Resources is pleased to announce

initial results from the second phase drilling program at the Company's 100

percent owned Millennium Platinum Project on the Eastern Bushveld in South

Africa.

    Following the successful completion of the Phase 1 drilling program in

August 2002, the company embarked on a further program to add to the

previously declared inferred resource of 10.3 million tonnes, grading 4.46

grams per tonne (5PGE+Au) containing 1.44 million ounces. This resource was

based on the drilling intersections on the farm Blaauwbank only as shown

below. As part of the initial program three holes (RK01, RK03 and RK04) were

drilled on the farm Rietkloof to confirm continuity along strike, however

these holes did not intersect reef. Subsequent interpretation of the results

of the program and the completion of an aeromagnetic survey confirmed the

presence of a fault structure which had resulted in a downward throw of the

reef by some 500 metres suggesting that the holes were terminated above the

platinum-bearing UG2 reef. To view map, please visit:

http://files.newswire.ca/248/map021125.doc

    The focus of the Phase 2 drilling program, which commenced in August

2002, was to trace strike continuity and acquire grade intercepts on the farm

Rietkloof. The results thus far have been encouraging with reef intersections

in seven out of the nine holes drilled to date.

    The three drill holes from the Phase 1 program (RK01, RK03 and RK04) were

deepened and the holes intersected the reef at varying depths from 540 to 695

metres below surface. Two additional drill holes (RK05 and RK09) were drilled,

both intersecting normal reef at depths of 428 and 453 metres, respectively.

    Two further drill holes in the current program (RK06 and RK10)

intersected somewhat degraded reefs, serving to delineate the westerly extent

of the resource towards the contact with granite roof rocks.

    Average grades from all the Rietkloof boreholes range between 2.4 and 5.1

grams per tonne (5PGE+Au) over an average width of 1,25 metres. The lowest

grade was intersected in a wide reef, which is split by a barren pyroxenite

parting. This parting has only been intersected in one borehole to date and is

currently considered the exception to the norm.

    The drilling to date has delineated a significant and open-ended reef on

Rietkloof, which will be added to the inferred resources on the Blaauwbank

farm when all the final assay results are collated. The drilling program is

ongoing on Rietkloof to outline further resources to the north. Further

results will be provided when they become available.

    All drilling, logging, sampling, assaying and reporting procedures are

undertaken to strict SAMREC (South African Mineral Reporting Committee) and

JORC (Joint Ore Reserves Committee) procedural requirements and guidelines,

which are in line with the National Instrument 43-101. All field operations

are managed on SouthernEra's behalf by MSA Projects (PTY) Limited under the

supervision of Mr. K. Matier, a professional, experienced geologist registered

with the SACNASP (South African Council for Natural Scientific Professionals.)

    SouthernEra Resources Limited is an independent producer of platinum

group metals (PGMs) and diamonds. The Company also has an extensive PGM and

diamond exploration program. The common shares of SouthernEra are traded on

the Toronto Stock Exchange (SUF) and the London Stock Exchange's AIM (SER).

   

    For further information: SouthernEra Resources Limited, Patrick C.

Evans, President and CEO, or Dr. Sally Eyre, Vice President, Corporate

Affairs, Telephone: [phone], Fax: [phone], e-mail:

[e-mail]

    (SUF. SRE)