(Vancouver, Canada) – Diamond Fields International Ltd. (TSX-V: DFI) is pleased to announce that after revision by ACA Howe International Limited (“ACA Howe”), an amended and revised National Instrument 43-101 Technical Report declaring a maiden resource for the Atlantis II SEDEX deposit in the Red Sea has been SEDAR filed.
The original resource estimate remains unchanged as indicated below:
|SUMMARY OF THE 2011 ACA HOWE
INFERRED RESOURCE FOR THE ATLANTIS II DEEP DESPOSIT
|Wet Density||Sediment Volume m3 [millions]||Sediment Tonnage [millions]||DSF* Tonnage [millions]||Metal Tonnes [thousands]||Metal Volume Grade||DSF* Metal Grade|
|Manganese||1.29||473.93||604.21||80.88||2,179||4.60 kg/m3||2.69 %|
* Dry Salt Free (DSF)
The resource estimate compiled by ACA Howe is an independent report prepared by a Qualified Person as defined by Canadian National Instrument 43-101.
Ian Ransome, President and CEO of Diamond Fields International commented: “We are pleased to reinstate the resource estimate undertaken by ACA Howe, and reaffirm the resource potential of the Atlantis II deposit”.
DIAMOND FIELDS INTERNATIONAL LTD.
SIGNED: “Ian Ransome”
Ian Ransome, CEO, President and Director
For further information, contact Ian Ransome or Earl Young at + 1 604 685-9911
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Diamond Fields’ periodic filings with Canadian Securities Regulators. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Diamond Fields does not assume the obligation to update any forward-looking statement.