Cape Town, September 19, 2007: Diamond Fields International Ltd. (DFI:TSX) (“DFI” or the “Company”) is pleased to announce that it has recently completed an extensive gold sampling programme in the Grand Cape exploration project area in north western Liberia.
DFI through its subsidiary company Diamond Fields (Liberia) Inc. (“DFL”) has been actively exploring both the Grand Cape and Grand Geddeh exploration permits, which are held under a joint venture agreement with Ducor, a Liberian registered company. Regional exploration of the two properties has defined 10 diamond anomalies associated with G10 garnets in the Grand Cape property, and seven gold anomalies, six of these anomalies being located with the Grand Geddeh property.
The Company has now changed its exploration strategy from regional assessment to specific evaluation of these exploration targets. The current focus of activity has been on a gold anomaly within the Henry Town region of the Grand Cape property, where native gold is exploited by local artisans, which previously returned gold values of up to 13g/t gold in DFL’s grab samples. The gold is contained in quartz veins associated with a Birrimian (Proterozoic) age transgressive left lateral shear zone, which boudinages and juxtaposes basement gneisses and supracrustal lithologies.
Initial sampling indicates a possible maximum width of mineralization across the shear zone of up to 500 metres, with a possible semi-continuous strike length of over 7 km. To constrain the possible extent of mineralization, an exhaustive soil sampling program over the entire western extension of the shear zone has been undertaken by DFL on a 40 metre by 200 metre grid, yielding in excess of 1,400 samples. The samples are currently being analyzed by fire assay in an accredited laboratory in Mali, and results are expected to be available by the end of October 2007. Although limited in number, initial results returned from the laboratory are encouraging with up to 12.75ppm gold being returned.
DFI expects to commence a trench sampling program later this year across the most promising parts of the mineralized shear zone, with a follow up drilling program provisionally scheduled for the early part of 2008. In addition, two other promising gold shows, the Cestos Shear and the Bartiejam anomalies, both of which are worked for artisanal gold are scheduled for detailed investigation later this year with the commencement of the next dry field season.
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.
DIAMOND FIELDS INTERNATIONAL LTD.
“Roger J. Daniel”
Roger J. Daniel, President and CEO
For further information, contact Roger Daniel at +27 21 425 1990
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.