Diamond Fields International Ltd. (TSX:DFI) is pleased to announce positive results from exploration activities following a program originally designed by kimberlite expert Mark Collins for Jean-Raymond Boulle’s Gondwana (Investments) S.A. in Sierra Leone, West Africa. More than 620 stream sediment and hard rock samples have been collected on the Company’s properties, with approximately 550 heavy mineral concentrates being produced from laboratory processing of these samples. Mineral Services (Pty) Ltd. of Cape Town has confirmed G10 garnets, kimberlitic ilmenites and low Ti chromites of possible kimberlitic origin in the grains analyzed to date. In addition, DFI’s Project Manager, geologist Craig Mclean, has recovered a macro diamond (diameter greater than 1 mm) from a sample taken on the east-central Foindu License and in the same locality from which two G10 garnets were recovered. These results support the possibility of local kimberlite occurrences, and the Company will conduct follow up work in the area as a priority. In addition, stream sediment samples taken from several areas within EPL 40/96, in the east of Sierra Leone, contain very high quantities of kimberlitic ilmenite (verified by Mineral Services (Pty) Ltd.). Further work will be conducted in these areas as soon as weather permits.
DFI’s exclusive exploration rights for diamonds cover a total of 1,148 square kilometers located within five geographical regions selected for their potential to host primary diamondiferous (kimberlitic) rock. Artisanal alluvial diggings are present on five of the Company’s seven licenses. DFI now owns and operates the only heavy mineral processing laboratory in Sierra Leone. The laboratory is equipped with a magnetic separator-elutriation column and microscope facilities. DFI also uses the Mineral Services (Pty) Ltd. in Cape Town, South Africa for analysis of selected indicator mineral grains. The lab in Sierra Leone affords the Company a very fast turn around time from sample abstraction to final result. Randal Cullen, DFI’s Chief Geologist and qualified person, commented “The preliminary results are very exciting, and we look forward to further results from samples currently being analyzed and to the follow up sampling planned for the coming dry season, as well as continuing the reconnaissance sampling program”.
DFI director Rod Baker, a highly respected exploration geologist, commented that “Sierra Leone is a significant producer of large gem quality diamonds, and is under-explored with modern exploration techniques for kimberlites.” Sierra Leone has recently become a member country of the Kimberley Process Certification Scheme.
The Sierra Leone licenses are registered in the name of Gondwana (Investments) SA, a company established and owned by Mr. Jean-Raymond Boulle. As announced in DFI’s news release of July 31, 2003, Gondwana (Investments) SA is transferring a 100% interest in the exploration licenses to DFI, as well as full ownership rights to all exploration tools, vehicles and equipment owned by Gondwana in Sierra Leone including all of the equipment (except the elutriation column which is on loan from Gondwana) in the heavy mineral processing laboratory.
The recently announced acquisitions place DFI in a leadership position in diamond exploration in Madagascar and Sierra Leone, complementing its substantial diamond resource in Namibia.
DIAMOND FIELDS INTERNATIONAL LTD.
“Gregg J. Sedun”
Gregg J. Sedun, President and Chief Executive Officer
For further information contact: Earl Young (1-214-219-1439)
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the 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.