Diamond Fields’ Liberia Gold Discovery Increases in Size to Cover an Area of 3.52 km2 and a Strike Length of 5.5 km

Nov 8, 2007 | 2007, Corporate News

(Cape Town, November 8, 2007): Diamond Fields International Ltd. (DFI:TSX) (“DFI” or the “Company”) is pleased to announce the results from their field sampling program of the Henry Town shear zone, situated in the Grand Cape exploration permit in the Republic of Liberia. Compilation of these and previous results shows the existence of near continuous anomalous gold mineralisation over a strike length of 5.5 km and total surface area in excess of 3.5km2.

The Henry Town area contains a shear zone hosted gold anomaly, which is locally worked by artisanal miners. Soil samples collected from a 20 m by 200 m grid over a strike length of 4 km along the shear zone during the 2007 field season have been analysed for gold by fire assay by Groupe de Laboratoire ALS Mali Sarl., a division of the accredited international laboratory conglomerate ALS Laboratory Group. Sample preparation included coning and splitting the samples, prior to milling at the assay laboratory. A total of 1,370 samples were assayed, of which 100 samples returned gold (“Au”) values equal to or greater than 0.1 g/t, 17 samples returned values greater than 0.5g/t Au, and 9 samples returned values greater than 1g/t Au. The highest recorded value returned by the soil samples was 15.06 g/t Au. These data have been combined with a prior soil sampling program sampled on a 200 m by 40 m grid undertaken in 2005 to produce a gold soil sample anomaly map indicating near continuous gold mineralisation over the 5.5 km of strike length of the shear zone sampled using a value of 0.02 g/t Au to define the anomaly limits. The current sampled limits of the anomaly encompass a surface area greater than 3.52 km2.

Further mineralisation of the Henry Town shear zone to the west southwest and to the east northeast, beyond the limits of the current sample grid, is indicated by stream sediment samples returning gold anomalies. Just under 50% of the estimated strike length of 11.7 km of the Henry Town shear zone situated within the limits of the Grand Cape permit has now been sampled. A secondary splay shear zone to the Henry Town structure, located 1.5 km to the south near the village of Guyama and which indicated gold mineralisation on the basis of stream sediment sampling undertaken by DFI, is now being worked by artisans crushing weathered schists in the top soil for native gold. The Henry Town prospect appears to comprise a significant zone of quartz vein associated gold.

The Company is aggressively exploring the Henry Town anomalies by extending the current sample grid to determine the limits of the gold mineralisation of both the Henry Town and Guyama shear zones, as well as undertaking a channel sampling program over the known extents of the gold mineralisation to define drill targets. Drilling on the current anomalies is programmed for beginning of 2008.

Roger J. Daniel, B.Sc. (Hons) Geology, London, Pr.Sci.Nat., the Company’s President and CEO, who is a Fellow of the South African Institute of Mining and Metallurgy (SAIMM), is also a registered geological scientist with the South African Council for Natural Scientific Professions (SACNASP), and is thus a Qualified Person in terms of National Instrument 43-101, has compiled and reviewed the scientific and technical information contained in this News Release.


“Roger J. Daniel”

Roger J. Daniel, President and CEO
For further information, contact Roger Daniel at +27 21 425 1990
Website: www.diamondfields.com

Forward-Looking Statements:
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.

More News