Baughfell
- 30 Sep 2004 21:35
BDI Mining Corp listed on Aim today raising 1.25m for their gold and diamond projects in south east Asia.
1) The Cempaka Diamond Project
An alluvial gem diamond project which commenced production in September 2004. The site will produce 5000 carats per month by the end of 2004.
2) Woodlark Island Gold Project
This property contains epithermal gold targets in a Tertiary Age island arc volcanic complex. The site is currently being test drilled ahead of a feasibility study next year. Management believe that this site has the potential to produce 100,000 ounces of gold a year with a total deposit of up to 2m ounces.
3) Bobaris Project, Sungai Pinang
The company has an agreement to earn up to a 70 per cent interest by spending US$500,000 in the Bobaris Block property in the Sungai Pinang area of the Meratus Range, south-eastern Kalimantan Indonesia. This is the likely source area for the alluvial diamond deposits for the Cempaka project.
Anticipate a steady steam of news over the next 6 months with cashflow from Cempaka confirmed and further very positive drilling results from Woodlark
http://www.bmdiamondcorp.ca/
AUGUSTMAN
- 23 Nov 2006 09:46
- 12 of 15
BDI Mining beginning to tick up. I have held these for a few months now, and feel that there might well be something about to happen. Have a look at the current edition of Growth Company Investor - makes interesting news - DYOR
am
AUGUSTMAN
- 20 Dec 2006 08:47
- 13 of 15
GOOD NEWS AS THIS TIDY MINING CO CONTINUES TO PUT IT'S HOUSE VERY MUCH IN ORDER - time to top up for this boy - dyor
AM
LONDON - 20th December 2006 - BDI Mining Corp. ('the Company') reports that it
has received an independent valuation of US$266 per carat for the first parcel
of diamonds recovered from initial Phase II mining at the Cempaka Diamond Mine
in SE Kalimantan, Indonesia.
The run-of-mine parcel of 702 carats was recovered from initial mining and plant
commissioning of the first open pit in the main Cempaka channel. Phase II of
operations at Cempaka have commenced and will target production of 100,000
carats per year.
Managing Director and CEO of BDI Mining Corp, Lee K. Spencer commented, 'We are
very pleased and highly encouraged with the valuation of the first stones from
the main Cempaka channel which so far have had a higher average stone size and
better stone quality than Danau Seran. And with a grade consistent with our
projections, we are hopeful that the high valuation will impact significantly on
revenues from Phase II of operations'.
AUGUSTMAN
- 24 Jan 2007 14:11
- 14 of 15
More Good News - still a chance to but in at low price IMHO - SEE LATEST
BDI Mining Q4 diamond revenue rises 40 pct vs Q3
AFX
LONDON (AFX) - BDI Mining Corp said diamond revenues from the Cempaka mine in Indonesia rose 40 pct in the fourth quarter from the preceding three months as mining started in the main Cempaka Channel.
During the quarter, a total of 16,099.85 carats of diamonds were sold, generating total gross diamond revenues of 3.45 mln usd.
Operations at the Danau Seran channel continued to perform strongly, with record monthly diamond production of 6,524 carats achieved in October, the company said, but added that December output was down on previous months as high rainfall impacted mining operations. The impact has been minimized and operations remain on schedule, it said.
Drilling to the west of current mining operations at Danau Seran have confirmed the downstream continuity of diamond bearing gravels in an area previously untested, it added. Recent drill-hole data has indicated the potential to expand the current resource base and extend the life of operations in the Danau Seran area.
Despite continued weakness in rough diamond market conditions, the company said the medium-term forecasts for rough diamond prices remain strong.
dyor
AM
AUGUSTMAN
- 13 Feb 2007 08:10
- 15 of 15
More excellent news just in ........
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.
Good luck this bodes well for more growth dyor
Augustman