Belitung Island, Indonesia Drilling Update.TORONTO--(BUSINESS WIRE)--March 10, 1997--Diadem Resources Ltd. (ME:DIR) is pleased to announce the results on the three Belitung Belitung (bĕlē`tŏng), island (1990 pop. 192,972), 1,866 sq mi (4,833 sq km), Indonesia, in the Java Sea midway between Sumatra and Borneo. It has valuable tin mines (government-owned), worked chiefly by Chinese labor. Island, Indonesia Indonesia (ĭn'dənē`zhə), officially Republic of Indonesia, republic (2005 est. pop. 241,974,000), c.735,000 sq mi (1,903,650 sq km), SE Asia, in the Malay Archipelago. projects held 30% in joint venture with Bresea Resources Inc. (BSR BSR Business for Social Responsibility BSR Baltic Sea Region BSR British Society for Rheumatology BSR Bootstrap Router (networking) BSR Bonsoir (French) BSR Bottom-Simulating Reflector .ME) 60%. Bre-X Bre-X Minerals Ltd., a member of the Bre-X group of companies, was a junior Canadian mining company, based in Calgary, that was once reported to be sitting on an enormous gold deposit at Busang, Indonesia (on Borneo). Minerals Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BSR) is the operator. KELAPA KAMPIT PROJECT Zinc-lead-silver-tin is the main attraction occurring in a sedimentary sed·i·men·ta·ry also sed·i·men·tal adj. 1. Of, containing, resembling, or derived from sediment. 2. Geology Of or relating to rocks formed by the deposition of sediment. bed with an indicated strike length of 7.5 km and zones within it ranging up to 20 m wide with grades from drilling of 10.6% zinc zinc, metallic chemical element; symbol Zn; at. no. 30; at. wt. 65.38; m.p. 419.58°C;; b.p. 907°C;; sp. gr. 7.133 at 25°C;; valence +2. Zinc is a lustrous bluish-white metal. It is found in Group 12 of the periodic table. , 7.7% lead over 10 m widths. The adits driven to develop the tin zone averaged twice the average drill results. Estimates suggest a minimum of 25 million tonnes. A total of 10 diamond drill holes (3,152.6 m) were completed up to December December: see month. 15, 1996, over 1 km strike length at 200 m fence line spacing with two holes at 150 m spacing along each line. Due to difficult drilling conditions several holes were abandoned prior to reaching the favourable footwall foot·wall n. Geology 1. The mass of rock underlying a mineral deposit in a mine. 2. The underlying block of a fault having an inclined fault plane. zone target; however when the footwall target was reached very significant assays on drill intersections resulted. For example: Hole 96-4A: 19.68% Pb+Zn, 78 gm/t Ag, and 0.22% Sn over 6.7 m (gross value US$ 200/tonne in-ground) Hole 96-9: 5.1% Pb+Zn, 13.5 gm/t Ag over 28.5 m (gross value US$ 48/tonne in-ground); including 9.73% Pb+Zn, 26 gm/t Ag and 0.22% Sn over 7 m (gross value US$ 105/tonne in-ground) Full results are currently available for 7 holes and are tabulated hereunder Adv. 1. hereunder - in a subsequent part of this document or statement or matter etc.; "the landlord demises unto the tenant the premises hereinafter called the demised premises"; "the terms specified hereunder" hereafter, hereinafter 2. as TABLE I. Interpretation of 1996 drilling results showed both the widths and values of the polymetallic mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. consisting of zinc (Zn), lead (Pb), silver (Ag) and tin (Sn) encountered in each hole increased towards the regional central Phiang-Ha fault zone. Therefore the ongoing scout drilling program will evaluate an additional 1.5 km strike length from line 400W towards this regional fault and beyond (between the Nam Nam Vietnam. NAM (US) n abbr (= National Association of Manufacturers) → nationaler Verband der verarbeitenden Industrie Salu open pit and Waterfall waterfall, a sudden unsupported drop in a stream. It is formed when the stream course is interrupted as when a stream passes over a layer of harder rock—often igneous—to an area of softer and therefore more easily eroded rock; the edge of a cliff or adit). West of the open pit, a tunnel yielded footwall massive base metals over 24 m assaying 16.23% Pb+Zn and 84 gm/t Ag. The 1996 program was the deepest probe drilling ever undertaken on the property and as a result it is now confirmed that the economically significant mineralization is hosted by a previously unrecognized thick calcareous calcareous /cal·car·e·ous/ (kal-kar´e-us) pertaining to or containing lime; chalky. cal·car·e·ous adj. flysh unit (impure im·pure adj. im·pur·er, im·pur·est 1. Not pure or clean; contaminated. 2. Not purified by religious rite; unclean. 3. Immoral or sinful: impure thoughts. limestone limestone, sedimentary rock wholly or in large part composed of calcium carbonate. It is ordinarily white but may be colored by impurities, iron oxide making it brown, yellow, or red and carbon making it blue, black, or gray. The texture varies from coarse to fine. ) which is most prospective for polymetallic ore deposition Deposition Christ is taken from the cross and enshrouded. [N.T.: Matthew 27:57–60; Christian Art: Appleton, 55] See : Passion of Christ and particularly so in the general vicinity of regional cross-cutting Cross-cutting is an editing technique used in films to establish continuity. In a cross-cut, the camera will cut away from one action to another action. Because the shots occur one after another, cross-cutting is used to suggest simultaneity of action. faults. In an interview from Jakarta Jakarta or Djakarta (both: jəkär`tə, jäkär`tä), city and special district (1990 pop. 8,227,746), capital and largest city of Indonesia, NW Java, at the mouth of the canalized Ciliwung River, on Jakarta , Indonesia, John Felderhof stated "this represents a major advance in exploration strategy and potential, completely overlooked by previous workers who failed to detect this favourable host rock and the mineralization it contains." TIKUS Ti´kus n. 1. (Zool.) The bulau. TIN/TUNGSTEN PROJECT To date, seven scout diamond drill holes totalling 2,861.5 m have been completed up to December 15, 1996 over one of the three known targets. Four of these holes (96-1, 96-9, 96-15 and 96-21) were drilled along section line 00 at 100 m spacing. One hole was drilled at 100 m to south and two holes respectively 100 and 200 m north of line 00. Mineralization is interpreted as porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. tin/tungsten with associated base metals and silver hosted in elongated e·lon·gate tr. & intr.v. e·lon·gat·ed, e·lon·gat·ing, e·lon·gates To make or grow longer. adj. or elongated 1. Made longer; extended. 2. Having more length than width; slender. breccia breccia: see conglomerate. breccia Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured. pipe bodies. These breccia pipes are not solitary solitary /sol·i·tary/ (sol´i-tar?e) 1. alone; separated from others. 2. living alone or in pairs only. solitary being the only one or ones. features but occur in clusters. The first drill target was centered over an area mined by the Dutch for six years from 1914 to 1920 inclusive. The mine closed in 1920 due to flooding caused by a flash flood. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dutch mining records an underground reserve was blocked out to 100 m vertical depth containing 2.5 million tonnes at 2% combined tin/tungsten in a ratio 60% and 40% respectively. Tabulated hereunder as TABLE II are the results of seven scout holes drilled to date. These results are considered to be very positive whereby preliminary modelling shows an overall indicative average grade of 0.86% tin/tungsten with significant base metals and 14.3 gm/t Ag. This target is still open to the north and is considered to be mineable by open pit (gross value of some US$ 61/tonne in-ground). Soil sampling, trenching, and geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. mapping has outlined two additional similar targets within a two km radius. These will be scout drill tested by 14 diamond drill holes. Drilling is ongoing with one diamond drill rig. The Bre-X/Diadem technical team, consisting of John Felderhof, Mike de Guzman Guzman (or Guzmán) is a Spanish surname which derives its origins from the descendant of a Guzmán (good man), a lord or nobleman, a cadet or noble who served in the military. (Bre-X) and Mike Bird (Diadem diadem, in ancient times, the fillet of silk, wool, or linen tied about the head of a king, queen, or priest as a distinguishing mark. Later, it was a band of gold, which gave rise to the crown. In heraldry, the diadem is one of the arched bars that support the crown. ) are very encouraged by the progress to-date. Their report states "this project has the ingredients of a mine maker." LILANGAN GOLD PROJECT This prospect is considered by the technical team to be highly prospective for epithermal gold occurrences. To date, three epithermal targets have been located. The presence of gold is confirmed by local miners who have dug water races across gold-bearing weathered bedrock. Field work will commence in the near future consisting of detailed geological mapping and sampling followed by scout drilling program scheduled to commence mid- mid- pref. Middle: midbrain. 1997.
TABLE I
KELAPA KAMPIT
FAVOURABLE DRILL INTERCEPTS
Cut-off Grades: Pb > = 0.5 percent, Zn > = 0.5 percent, Cu > =
0.3 percent, Sn > = 0.1 percent, Ag 10 gm/t, Au 1.0 gm/t
KK 96-9, LINE 400W
ZONE DEPTH
(m) LENGTH Pb Zn Cu Sn Ag
FROM-TO (m) % % % % gm/t
----------------------------------------------------------------
175.00-176.00 1.00 1.35 (x) (x) (x) (x)
181.00-182.00 1.00 (x) 0.76 (x) (x) (x)
188.00-199.00 11.00 (x) 1.89 (x) (x) (x)
204.50-226.00 21.50 0.96 2.94 (x) (x) 10.98
206.50-208.50 2.00 2.84 7.66 0.39 (x) 41.00
226.00-233.00 7.00 2.66 7.07 (x) 0.22 26.00
238.00-246.50 8.50 1.09 5.14 (x) (x) 28.70
244.00-246.50 2.50 3.31 13.28 0.45 0.011 67.20
260.50-261.50 1.00 2.92 0.65 (x) 0.27 21.00
295.00-301.00 6.00 (x) (x) (x) 0.15 (x)
315.50-318.50 3.00 0.59 0.70 (x) 0.31 12.67
Note: (x) indicates below cut-off grade
KK 96-9A Line 400W + 150 m NE of 96-9 (results not yet available)
KK 96-5, LINE 200W
ZONE DEPTH
(m) LENGTH Pb Zn Cu Sn Ag
FROM-TO (m) % % % % gm/t
----------------------------------------------------------------
100.00-111.50 11.50 1.38 (x) (x) (x) (x)
132.00-136.00 4.00 0.72 (x) (x) (x) (x)
160.00-163.00 3.00 (x) 1.11 (x) (x) (x)
195.00-197.00 2.00 1.89 0.54 (x) (x) 12.00
216.00-219.00 3.00 0.66 1.07 (x) (x) (x)
295.00-301.00 6.00 (x) 1.01 (x) (x) (x)
311.11-316.00 5.00 1.10 1.06 (x) (x) 12.60
322.00-326.50 4.50 2.91 0.92 (x) (x) 56.89
336.50-344.50 8.00 1.71 2.44 (x) 0.25 31.50
Note: (x) indicates below cut-off grade
KK96-5A Line 200W + 150 m NE from 96-5 (results not yet available)
KK 96-1, LINE 00
ZONE DEPTH
(m) LENGTH Pb Zn Cu Sn Ag
FROM-TO (m) % % % % gm/t
----------------------------------------------------------------
0.00-7.60 7.60 1.12 (x) (x) (x) (x)
49.90-56.40 6.50 1.78 0.60 (x) (x) (x)
70.60-77.00 6.40 2.71 4.91 (x) (x) 43.53
95.00-96.00 1.00 1.55 (x) (x) (x) 10.00
190.00-191.00 1.00 2.04 0.60 (x) (x) 19.00
221.00-222.00 1.00 0.63 1.23 (x) (x) (x)
231.00-233.00 2.00 0.91 2.50 (x) (x) (x)
260.00-268.00 8.00 1.65 4.70 (x) (x) 10.20
278.00-294.00 16.00 0.80 1.78 (x) 0.14 (x)
Note: (x) indicates below cut-off grade
KK 96-1A, LINE 00 + 150m NE FROM 96-1
ZONE DEPTH
(m) LENGTH Pb Zn Cu Sn Ag
FROM-TO (m) % % % % gm/t
----------------------------------------------------------------
52.00-60.00 8.00 (x) 0.53 (x) (x) (x)
82.00-88.00 6.00 (x) 1.33 (x) (x) (x)
94.00-104.00 10.00 (x) (x) (x) 0.13 (x)
112.00-114.00 2.00 1.14 1.82 (x) (x) (x)
Note: Aborted at 114m, favourable mineralization
Hole KK96-1B awaiting results
(x) indicates below cut-off grade
KK 96-4, LINE 200E
ZONE DEPTH
(m) LENGTH Pb Zn Cu Sn Ag
FROM-TO (m) % % % % gm/t
----------------------------------------------------------------
23.00-31.00 8.00 0.57 (x) (x) (x) (x)
77.00-106.00 29.00 0.81 0.74 (x) (x) (x)
83.00-95.00 12.00 1.26 1.42 (x) (x) 12.28
204.00-329.00 125.00 (x) 0.57 (x) (x) (x)
Note: (x) indicates below cut-off grade
KK 96-4A, LINE 200E + 150m NE FROM96-4
ZONE DEPTH
(m) LENGTH Pb Zn Cu Sn Ag
FROM-TO (m) % % % % gm/t
----------------------------------------------------------------
4.00-22.00 18.00 0.84 (x) (x) (x) (x)
6.00-12.00 6.00 1.02 (x) (x) (x) (x)
197.70-204.40 6.70 6.40 13.28 (x) 0.22 78.01
214.40-220.40 6.00 (x) 1.03 (x) 0.18 (x)
262.40-264.40 2.00 1.56 1.81 (x) (x) 19.00
284.40-290.40 6.00 0.68 (x) (x) (x) 14.00
Note: (x) indicates below cut-off grade
KK 96-12 LINE 600E
ZONE DEPTH
(m) LENGTH Pb Zn Cu Sn Ag
FROM-TO (m) % % % % gm/t
----------------------------------------------------------------
123.00-133.00 10.00 (x) 0.70 (x) (x) (x)
171.00-191.00 20.00 (x) 0.61 (x) (x) (x)
289.00-305.00 16.00 0.57 1.40 (x) (x) (x)
293.00-299.00 6.00 (x) 1.60 (x) 0.24 (x)
321.00-323.00 2.00 1.64 1.64 (x) (x) (x)
Note: (x) indicates below cut-off grade
TABLE II - TIKUS PROJECT DRILL HOLE INTERCEPTS
FROM TO LENGTH % % % % % % % % Ag
(m) (m) Sn WO3 Sn+ Pb Zn Cu Pb+Zn Pb+Zn gm/t
WO3 +Cu
----------------------------------------------------------------------
TDH 96-1
--------
120 198 78 0.47 0.13 0.60 0.25 0.63 0.09 0.88 0.97 21.05
212 232 20 0.10 0.02 0.12 0.14 0.30 0.04 0.44 0.48 9.90
264 272 8 0.13 0.01 0.14 0.14 0.30 0.03 0.44 0.47 8.25
TDH 96-2
--------
228 254 26 0.14 0.04 0.18 0.24 0.31 0.04 0.55 0.59 10.31
292 300 8 0.03 0.10 0.13 0.12 0.20 0.04 0.32 0.36 17.25
356 360 4 0.88 0.15 1.03 0.02 0.16 0.03 0.18 0.21 2.00
414 444 30 0.56 0.12 0.68 0.05 0.39 0.11 0.44 0.55 7.07
TDH 96-4
--------
0 40 40 0.07 0.03 0.10 0.03 0.03 0.02 0.06 0.08 3.05
56 70 14 0.10 0.02 0.12 0.02 0.14 0.03 0.16 0.19 3.50
TDH 96-9
--------
20 40 20 0.32 0.02 0.34 0.07 0.02 0.01 0.08 0.09 3.60
48 62 14 2.69 0.43 3.12 0.08 0.74 0.04 0.82 0.86 12.71
76 96 20 0.29 0.01 0.30 0.04 0.14 0.02 0.18 0.20 5.27
140 148 8 0.21 0.02 0.23 0.05 0.29 0.03 0.34 0.37 4.25
158 166 8 0.52 0.02 0.54 0.05 0.70 0.13 0.74 0.87 12.00
198 218 20 0.08 0.08 0.16 0.15 0.36 0.03 0.50 0.54 14.20
TDH 96-21
---------
0 12 12 0.07 0.03 0.10 0.02 0.02 0.01 0.04 0.05 <1
24 30 6 0.11 0.01 0.12 0.02 0.08 0.01 0.01 0.11 1.67
46 52 6 0.09 0.03 0.12 0.03 0.11 0.01 0.14 0.16 2.67
82 86 4 0.09 0.07 0.16 0.03 0.18 0.01 0.21 0.22 7.50
102 108 6 0.17 0.01 0.18 0.07 0.15 0.01 0.22 0.23 4.67
116 126 10 0.50 0.07 0.57 0.17 0.41 0.03 0.06 0.60 12.00
CONTACT: Diadem Resources Ltd. A. C. A. (Peter) Howe, 416/364-2893 or Diadem Resources Ltd., Asia Mike Bird, 62/21-252-1093 |
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