Diadem clarifies diversified portfolio.TORONTO--(BUSINESS WIRE)--March 27, 1997--Diadem Resources Ltd (ME:DIR.) 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. RESOURCES LTD. expresses its concern that the media has erroneously er·ro·ne·ous adj. Containing or derived from error; mistaken: erroneous conclusions. [Middle English, from Latin err linked Diadem's Indonesian interests directly with Bre-X Minerals Ltd.'s Busang property. Diadem Resources Ltd. is a Canadian-based mineral exploration Company, currently focusing on bringing to production a gold property in Nicaragua. It also has a unique diamond project in California, two polymetallic deposits in Indonesia, and two properties in northern Quebec-Labrador hosting copper-nickel-cobalt and a separate 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. deposit. Major exploration programs are scheduled throughout 1997. The Company was founded by and is managed by international mining industry professionals. Company President, A. C. A. Howe, stated that "Diadem's main involvement to-date in Indonesia has been the drilling of two base metal/polymetallic deposits on the Island of Belitung. The previous operators, BHP BHP blood hydrostatic pressure; the pressure exerted by the blood cells and plasma in the capillaries. and Billiton Mining have already established substantial resources on the two base metal-polymetallic deposits. To-date only preliminary exploration work has been completed on the gold properties." Mr. Howe also further elaborated on Diadem's well-diversified portfolio Well-diversified portfolio A portfolio that includes a variety of securities so that the weight of any security is small. The risk of a well-diversified portfolio closely approximates the systematic risk of the overall market, and the unsystematic risk of each security has been as described in yesterday's press release. At the La Mestiza gold property in Nicaragua, Diadem will be in production with the installation of a pilot mill slated for August 1997 completion. This property has been estimated to contain 1.5 million ounces of gold. A full-scale mill will be designed based on the first year's operation. At the Leek leek: see onion. leek Hardy, vigorous, biennial plant (Allium porrum) of the lily family, native to the eastern Mediterranean and the Middle East. It has a mild, sweet, onionlike flavour. Springs, California diamond property the Company continues to receive reports from the Saskatchewan laboratory on its caustic caustic, any strongly corrosive chemical substance, especially one that attacks organic matter. A caustic alkali is a metal hydroxide, especially that of an alkali metal; caustic soda is sodium hydroxide, and caustic potash is potassium hydroxide. fusion of the samples from the 1996 drill program. To-date clear, white diamonds have been recovered from ten of the 13 holes analysed. Results from remaining holes will be reported on a regular basis. Diadem also has interests in the Quebec-Labrador district where drilling has indicated to-date 2 million tons of 1% combined copper-nickel-cobalt and open for extension, plus a separate zinc deposit intersected by drilling , the full extent of which is yet to be delineated de·lin·e·ate tr.v. de·lin·e·at·ed, de·lin·e·at·ing, de·lin·e·ates 1. To draw or trace the outline of; sketch out. 2. To represent pictorially; depict. 3. . Mr. Howe repeated that "Few other companies are as well geographically- or commodity-diversified. I have the utmost confidence in the Company's properties and its management." CONTACT: Diadem Resources Ltd. A. C. A. (Peter) Howe, 416/364-2893 416/286-0795 (FAX) |
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