Management of Diadem is focused on acquiring near-production mining opportunities in North America, especially those related to diamonds and gold. Its principal current activity is diamond exploration in the Franklin Bay area of the Northwest Territories. On that project Diadem now has identified 28 potential drill targets on the Parry Peninsula, which currently constitutes the Franklin Bay project area. A ground magnetic survey has just been completed and the results are being analyzed. When the analysis is complete, Diadem will finalize its drilling program which will be carried out subject to permitting.

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Diadem has formed a joint venture with Darnley Bay Resources Ltd. (DBR) for diamond exploration in an area near Paulatuk in the Inuvialuit Settlement Region of the Northwest Territories, near the Mackenzie River delta. More.