Drilling has begun at Yamba Lake, near Yellowknife, N.W.T., where
The Yamba Lake property covers more than 62 sq. km and is 40 km from the Ekati mine. It is owned by
Last April, ground geophysical work tested 16 kimberlite-like targets identified by airborne magnetic and electromagnetic surveys. Seven of the targets were subsequently selected for drilling.
SouthernEra can earn a 60% interest in the project by completing a bankable feasibility study by the end of 2006. The company may increase its interest to 65%.
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