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DIATREME RESOURCES LIMITED
ABN 33 061 267 061
Level 2, 87 Wickham Terrace, Spring Hill, Qld, 4000
PO Box 10288
Brisbane Adelaide Street
Queensland 4000
ASX Code: DRX, DRXO
Telephone : 61 7 3832 5666
Facsimile : 61 7 3832 5300
Email : [email protected]
Website : www.diatreme.com.au
Diatreme Resources Limited, as an Australian ASX listed company based in Brisbane, Queensland, operates as a diversified mineral
explorer with advanced commodity holdings in zircon, copper and gold. The Company is currently exploring the southern Australia “Eucla
Basin HMS Project”, the Queensland “Clermont Copper Project” and the “Bellfield Base Metals Project”. By conducting substantial
exploration over its quality projects, the Company aims to bring successful projects to production status at the same time as increasing
shareholder wealth.
Company Announcement Office
Australian Securities Exchange
Level 4, 20 Bridge Street
Sydney NSW 2000
17 October 2007
CYCLONE PROSPECT
GROUND MAGNETIC AND RADIOMETRIC SURVEYS
WANNA LAKES PROJECT (E69/1929) - WA
Diatreme Resources Limited (DRX) has agreed with Image Resources Limited (IMA) to
conduct a collaborative program of detailed ground magnetic and ground radiometric
surveys over part of DRX’s Cyclone Prospect heavy mineral discovery in the Eucla
Basin. The geophysical surveys are perceived by each party to be of benefit to provide
further information on the zircon enriched mineralised strands discovered by DRX’s
recent successful wide-spaced drilling.
The surveys, being conducted in the southernmost part of E69/1920, are expected to
commence within the next few days and run for approximately one week. DRX believes that
the results will provide quality information on the applicability and cost effectiveness of the
techniques in exploring for heavy mineral mineralisation within this remote part of the Eucla
Basin.
Survey results will be disseminated to the market at the appropriate time.
DRX is confident that, if the techniques prove successful, further ground magnetic and
radiometric surveys may be commissioned in the future to assist the Company locate more
enhanced magnetic targets within its tenements.
TONY FAWDON
Executive Chairman/CEO