Additional resource Cempaka
2007年2月13日 - 4:02PM
RNSを含む英国規制内ニュース (英語)
RNS Number:1297R
BDI Mining Corp
13 February 2007
London office:
Level 5
22 Arlington Street
London SW1A 1RD
England
T: +44 (0) 207 016 5106
F: +44 (0) 207 016 5101
NEWS RELEASE
ADDITIONAL RESOURCES AT DANAU SERAN
LONDON - 13th February 2007 - BDI Mining Corp. ("the Company", "BDI") reports
that recent drilling at the Cempaka alluvial diamond mine in Indonesia has
identified additional diamond bearing gravels in the Danau Seran channel, west
of current mining operations.
This newly identified western extension of Danau Seran adds an initial 1 km to
the known strike length, representing a 37% increase in linear length of the
mineable area of the palaeochannel. At present, the downstream continuity of
these gravels remains open with drilling continuing to identify additional
resources to the west.
Based on drill-hole results to date, these newly discovered diamond-bearing
gravels are considered to be comparable in terms of higher in-situ grades and
economic strip ratios as those encountered in other recently mined upstream
areas of the channel.
The additional resources have the potential to extend the life of mining
operations in Danau Seran, which were originally expected to cease in the first
half of 2007. Mine planning is now being undertaken on these new resources with
the aim of mining Cempaka and Danau Seran concurrently, allowing greater
operational flexibility.
Managing Director and CEO of BDI, Mr. Lee Spencer, noted "These drilling results
prove very encouraging. The fact that we may be able to extend the mine life of
Danau Seran, especially in a previously un-drilled area, serve to highlight that
the Cempaka region has the potential to be a long-term producer of diamonds. We
will continue to explore the area as defined by our Contract of Work boundaries,
in conjunction with the continued expansion of production with the move into the
Cempaka Main Channel".
BDI Mining Corp is an Asia-Pacific focused mining and exploration Company whose
primary assets are the Cempaka Diamond Mine in Indonesia, and the 100%-owned,
Woodlark Island gold project in Papua New Guinea.
BDI Mining Corp's exploration is supervised by the Company's Managing Director
and CEO, Mr Lee K. Spencer, MSc, MAusIMM, a Competent Person as defined by
Clause 10 of the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves (JORC Code - 2004 Edition). Mr. Spencer has reviewed
all references to resources and exploration results contained herein and have
approved them for release.
For further information, please contact:
BDI Mining Corp.
David Lenigas (Chairman) Tel: +44 (0) 788 182 5378
Martin Horgan (Director) Tel: +44 (0) 777 867 0342
Corporate Affairs Tel: +61 (0) 448 812 128
General email info@bdiminingcorp.com
Website www.bdiminingcorp.com
Ruegg & Co. (AIM Nominated Advisor)
Brett Miller Tel: +44 (0) 20 7584 3663
Hichens, Harrison & Co. (Joint AIM Broker)
Dave Paxton/Adam Wilson Tel: +44 (0) 20 7382 4473
WH Ireland Ltd. (Joint AIM Broker)
Philip Haydn-Slater Tel: +44 (0) 20 7220 1690
Parkgreen Communications
Justine Howarth / Clare Irvine Tel: +44 (0) 20 7851 7480
This information is provided by RNS
The company news service from the London Stock Exchange
END
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