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/