Diatreme upgrades Cylcone project zinc Resource

THE DRILL SERGEANT: Diatreme Resources (ASX: DRX) has released the results of a review and update of the company’s Cyclone project heavy minerals (HM) Resource estimate.

The updated estimate comes on the back of Diatreme’s recent acquisition of the Cyclone Extended HM deposit from Image Resources (ASX: IMA).

The Mineral Resource for the Cyclone zircon project is now estimated at 211 million tonnes at 2.3 per cent HM containing 4.8 million tonnes HM.

The review has increased the estimate of contained HM by 60 per cent.

According to Diatreme the zircon content of the HM is estimated at 27 per cent (comprising 1.27 million tonnes of zircon in the mineral resource), which represents an increase of 40 per cent from previously reported estimates.

Diatreme told the ASX this has confirmed the Cyclone project’s status as one of the highest zircon grade projects awaiting development.

Approximately 75 per cent of the resource tonnes and 80 per cent of the HM tonnes are classified as Measured, with the remainder classified as Indicated.

Email: manager@diatreme.com.au

Website: www.diatreme.com.au