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Diatreme Resources Ltd

Diatreme Resources starts hunt for satellite heavy mineral deposits near Western Australia project

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Diatreme Resources (ASX: DRX) has restarted regional aircore exploration drilling north of Cyclone Zircon heavy mineral sands project near Western Australia's border with South Australia.

The regional exploration is part of its continuing search for satellite heavy mineral deposits.

This follows the drilling of three shallow water bores within 20 kilometres of the Cyclone deposit that will provide water for use in the deep water bore scheduled for drilling in October at the proposed mine site.

Diatreme is planning to carry out a major water supply investigation at the project, one of three milestones that the company has agreed to under its in-principle agreement with Hong Kong based Perpetual Mining.

This will allow it to progress its potential $2 million farm-in with Perpetual.

 

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Quick facts: Diatreme Resources Ltd

Price: $0.01

Market: ASX
Market Cap: $16.11 m
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