Liberian Gold Exploration Artisinal mining of high grade quartz veins assaying 13 grammes / tonne gold across 1.5m vein width on the Grand Cape property at Henry Town, and visible gold in stream sediment samples(2) from the Grand Gedeh property adjacent to the Cestos Shear Zone prompted the Company to proceed with soil sampling and mapping grids over these targets to explore along and across strike extensions of this mineralization.
Soil sample grids have been completed over these targets with the collection of over 300 samples. These samples are being dried and screened at DFI's heavy mineral laboratory in Monrovia before shipment for gold analysis by Anglo American Research Laboratories in Johannesburg. Results are expected by the end of August. Further work on these targets will include trenching to determine widths and drilling if warranted to explore for along strike continuity of grade and thickness.
Kimberley Process in Liberia The Liberian Department of Minerals and Energy is making rapid progress with development of infrastructure to support registration of diamond output under the Kimberley process. Entrance to the group of countries certified under the process, which already includes Liberia's immediate neighbors Guinea and Sierra Leone, is anticipated by the 4th quarter of 2006.
Mining vessel and corporate matters As announced in previous news releases, the Company's vessel M.V. DF Discoverer is in Cape Town for its scheduled dry docking, maintenance and refit programme. The statutory dry docking has been completed and other scheduled work is in progress. The overall programme has been delayed as a result of late entry into the dry dock due to time overruns with other vessels previously occupying the dock, poor weather with severe winter storms affecting the region, and in finalizing arrangements for the Company's ongoing financing. Details of the financing are nearing completion, and it is expected that such details will be released shortly. It is now anticipated that the vessel will resume mining in Namibia in September.'
Diamond Fields International Ltd is an internationally active exploration and mining company pursuing mineral exploration opportunities worldwide. The company also manufacturers diamonds. Its corporate strategy is to maximize cash flow from its Namibian marine diamond concessions and systematically explore and develop its international mineral exploration projects.
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