Canada?s Diadem Resources to review assets

Canadian junior explorer Diadem Resources Limited on Thursday said it would commence a complete review of its mineral projects with a view to determining the focus for the company going forward, including its projects in Indonesia.

The company has 90 percent interest in a Zinc project in Belitung island. The company also had indirect interest in gold project in Tewah in the Kahayan River, Central Kalimantan and Tikukur and Walang gold projects in Banten province through its 34 percent shareholding in another Canadian explorer Waseco Resources.

Industry sources said, however, Diadem would most likely dump its Indonesian projects, which had been dormant for several years, and will choose to concentrate activities in North America. (alex)