Diadem starts RI project

Thu, 18 Jul 1996 | Source: REUTERS

TORONTO (Reuter): Diadem Resources Ltd said on Tuesday it began drilling at its partly owned zinc-lead-silver property on Belitung Island in Indonesia on July 5 to confirm its tonnage and grade potential.

Diadem holds 30 percent of the property and Bresea Resources Ltd holds 60 percent. The other 10 percent is held by an Indonesian firm.

Bre-X Minerals Ltd, which is 23 percent-owned by Bresea, is the operator and is expected to present an up-to-date report on Belitung next week. A zinc-lead-silver zone was identified in the early 1990s, the firms have said.

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