Diatreme Resources (ASX: DRX) has been granted an ASX trading halt while it reviews and verifies material information from its deep water bore drilling at its Cyclone Zircon heavy mineral sands project in Western Australia.
The halt will remain in place until the earlier of the start of trading on Tuesday, 12 November 2013, or the company releasing an announcement.
The deep water bore targeted deep Officer Basin aquifers at Cyclone to gain an understanding of water availability and quality for the project.
If water is available at the mine site, this will significantly improve infrastructure requirements for water by reducing the need for it to be pumped from a distant offsite bore field.
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