Diadem Resources Ltd. Mirah and Mahakam, Kalimantan, Indonesia, Project Update.SCARBOROUGH, Ontario--(BUSINESS WIRE)--Aug. 15, 1996--DIADEM RESOURCES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability .(ME: DIR ) (i) MIRAH NORTH EAST DIADEM RESOURCES LTD. (DIR.ME) has received the initial report from Mirah N.E. Joint Venture Property in the Central Kalimantan Province of Indonesia after a helicopter site inspection by Mike du Guzman of Bre-X Resources Ltd. (BXM BXM Broadband Switch Module (Cisco) .TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ) and Mike Bird of Diadem to confirm the results of a two-month reconnaissance program by company geologists. The Mirah N.E. project is operated by Bre-X for Diadem 30 percent, Bresea Resources Ltd. (BSR.ME) 25 percent, Tandem Resources (TDM (Time Division Multiplexing) A technology that transmits multiple signals simultaneously over a single transmission path. Each lower-speed signal is time sliced into one high-speed transmission. .ME) 30 percent and Indonesian 15 percent The 10,000 hectare Mirah N.E. property is located at the headwaters of Katingan river. It was selected on the basis that the area contained extensive Mid to Upper Tertiary volcanic rock types and andesite/diorite plugs which have intruded along the intercepts of major regional lineaments. Major gold discoveries have been made at the intercepts of these lineaments, in particular Mt. Muro, Kelian and Busang. The two month exploration program was successful in locating an extensive quartz vein stockwork which is currently known to outcrop 150m by 400m and remains open ended. Visual 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. consists of fine grained pyrite, chalcopyrite and minor chalcocite chalcocite Sulfide mineral, Cu2S, that may be an important ore of copper. It belongs to a group of sulfide minerals formed at relatively low temperatures. Chalcocite alters to native copper and other copper minerals. . Random grab samples of leached, oxidized oxidized having been modified by the process of oxidation. oxidized cellulose see absorbable cellulose. outcrops returned encouraging results for both copper and gold. Gold assay results ranged from 0.01 to 2.13 gm/t, silver 0.05 to 43 gm/t. Currently, a hand trenching program is being undertaken for systematic mapping and channel sampling to confirm grades, continuity of the zone and its lateral extent. (ii) UPPER MAHAKAM A & B These two, 10,000 hectare properties, located in the headwaters area of the Mahakam River in East Kalimantan and adjoining the Central Kalimantan Province border, were selected by the Bre-X/Diadem staff to cover major structural and geological features again similar to the Mt. Muro, Kelian and Busang deposits. Mining of gold in the area streams indicates a nearby gold source. Mike de Guzman of Bre-X is currently supervising preparations for initiation of exploration activities consisting of prospecting and surface sampling. The program will be helicopter supported due to access factors. Mahakam A and B Joint Venture is operated by Bre-X for Diadem (30 percent), Bresea (BSR.ME) (30 percent), Tandem (25 percent) and Indonesian (15 percent). -0- The Company's news releases are now available through Canadian Corporate News' Internet Home Page: http://www.cdn-news.com CONTACT: Diadem Resources Ltd. A. C. A. (Peter) Howe, 416/284-5959 416/286-0795 (Fax) Fenton Scott, 416/512-9490 416/512-9714 (Fax) Mike Bird, 2-2/252-1093 62-21-252-1095 (Fax) INTERNET: http://www.diademresources.com E-MAIL e-mail: see electronic mail. in full electronic mail Messages and other data exchanged between individuals using computers in a network. : info@diademresources.com |
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