Vancouver, July 7, 2009 — Diamond Fields International Ltd. (DFI:TSX) (“DFI” or the “Company”) is pleased to announce that the Government of the Republic of Zambia has granted the Company’s application for renewal of its large-scale prospecting license PLLS 311 (the “License”) with respect to copper, gold silver, lead and germanium in the Solwezi District of north-western Province, Zambia.
The License covers an area of more than 444 square kilometers. The Company has completed regional exploration of the License. From a review of published core drilling data undertaken by Gecamines, the Company has been able to establish the continuation of the Kipushi ore body into the Republic of Zambia over a minimum strike distance of 180 metres traversing the international border at a depth of approximately 1,000 metres below ground level. A total of 67l holes have been drilled underground by Gecamines along the 1,132msl drill addit following the southwesterly strike of the Kipushi orebody in the Republic of Zambia. These are dispersed in 12 drill fans, drilled at 15 metre intervals sub-perpendicular into the strike of the orebody, which plunges steeply to the northwest. The Gecamines drill data for the Zambian extension to the Kipushi orebody has been modeled using polygonal resource estimates between the 1,200msl and 1,570msl levels. At least two sphaleritic palaeokarst are contained within the 1,200msl to 1,570msl level on the Zambian side of the border. A third sphalerlitic palaeokarst is partially intersected by the international border. Mineralisation is open to the southwest on the Zambian side of the border. The Company has not independently verified the Gecamines drill data at this stage and is thus conservatively treating any resource estimates as “indicated”.
Two other areas including the Katwishi anomaly, a defined Cu-Zn target approximately 1,200 metres to the northwest of Kipushi, and a zone of cupriferous gossans developed near the village of Yowela in the centre of the license, were extensively sampled and have been evaluated. The Katwishi anomaly was previously drilled by American Mineral Fields to a depth of 256 metres. Although no economic mineralisation was intersected, statistically significant levels of copper and zinc mineralization were encountered. A review of the kinematics of the genesis of the Katwishi anomaly undertaken by the Company suggests that lateral as opposed to vertical propagation was dominant during the early stages of formation, and that the Katwishi anomaly may contain economic mineralization at depth.
Sampling of the Yowela prospect undertaken by the Company indicates a relatively large anomalous zone of base metal mineralisation covering an approximate area of approximately 15km2. The superficial mineralisation is in the form of base-metal oxides, indicating meteoric ground water leaching of a source(s) at depth. The mineralization at Yowela does not appear to be associated with late-stage faulting and fluid migration as typified by both the Kipushi orebody and the Katwishi anomaly, but additional work is necessary to better understand the geology.
The geological and technical information in this press release has been compiled and reviewed by Mr. I Ransome B.Sc. (Hons) Geology, UBO, Pri. Sci. Nat. Mr. Ransome is the Chief Geologist for Diamond Fields International, and is a registered geological scientist with the South African Council for Natural Scientific Professions (SACNASP) and is thus a Qualified Person under NI 43-101 of the Canadian Securities Administrators.
DIAMOND FIELDS INTERNATIONAL LTD.
Wayne Malouf, Chief Executive Officer
For further information, contact Wayne Malouf at + 1 604 685 9911
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.