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Gold/Mining/Energy : DIADEM RESOURCES - DIR,M

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To: Adrian du Plessis who wrote (825)	2/5/1998 8:37:00 AM
From: Dave Tan	Read Replies (1) of 897

Diadem released some encouraging results yesterday and so did Waseco. I am going to summarize it quickly as I have to go to work. Nicaragua-- Diadem is going to proceed with their pilot plant based on their resource calculation of 1.4m ounces and also continue to explore the remaining gold veins (total 12). Leek's springs -- largest diamond mine in the world has similar characteristics. Lac de Gras -- we have one property there, discussions are underway on the technical merits of the prospect (another diamond). Quebec -- samples were left there by mistake, will be picked up and assayed when spring comes. Waseco -- continuing excellent results from their Tikkur property, several new zones of grades from trace to 93g/ton have been identified. Tewah alluvial project is also proceeding with an estimaetd resource of 3.1m ounces.

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