Diatreme Resources Ltd

Diatreme Resources and Antofagasta subsidiary drill for copper in Queensland


Diatreme Resources (ASX:DRX) has re-commenced diamond drilling in its quest to uncover large scale porphyry copper mineralisation at the Rosevale Project at Clermont in central Queensland.

As part of Diatreme's joint venture at Clermont, a wholly owned subsidiary of Antofagasta (LON: ANTO) is targeting large +1 million tonne copper deposits, with exploration activities tailored to this end.

A 500 metre deep diamond drill hole has commenced, targeting a high IP anomaly situated between the Gollan and West Copperfield prospects. The hole will be drilled at a dip of 60 degrees eastwards and is expected to intersect the anomaly 150 metres down hole.

At the Gollan Prospect toward the north of the Rosevale Porphyry belt, DRX has defined a wide zone of hematite-bearing propylitic alteration of the intrusives, located in a zone of abundant secondary carbonate copper on surface.

Notably, the geological setting is reminiscent of the high grade Ridgeway deposit at Cadia in New South Wales.

Drilling is expected to take two weeks to complete, with results to be progressively released as they become available.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Diatreme Resources Ltd

Price: $0.01

Market: ASX
Market Cap: $16.11 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Northern Minerals reveals talks with US government agencies,...

Northern Minerals Ltd (ASX:NTU) CEO George Bauk tells Proactive he recently met US government agencies, who he says wanted to get a better sense of the Australian company's progress with its dysprosium production, and its strategy going forward. Bauk is currently in New York meeting with...

1 day, 4 hours ago

2 min read