| ||Mon Nov 6, 2006|
Resource Development Progress and Vessel Update
| ||(Cape Town, November 6, 2006) - Diamond Fields International Ltd. (DFI:TSX) ("DFI" or the "Company") is pleased to report very encouraging results from the recently completed resource development sampling conducted by Bonaparte Diamond Mines NL (ASX: BON) ("Bonaparte") under a joint operations agreement and the expected resumption of mining operations in early November.|
The resource development sampling program by Bonaparte Bay in the joint operations area in ML111, offshore Luderitz was successfully completed in late October. A total of 291 gem quality diamonds weighing 135.92 carats (ct) were recovered and the grid-based sampling results show near-continuous diamond mineralization over a substantial cumulative area of approximately 290,000m2.
A total of 577 grid-based samples were taken of which 159 samples were positive and multiple diamond recoveries (more than 1 stone) were made at 56 sites. Based on groups of closely associated positive results, a total of 9 discrete zones of near continuous mineralization covering a cumulative area of approximately 290,000m2, have been identified. Summary of results:
Samples Positive Multiple Diamonds* Carats* Size St>0.4ct Ct>1ct
577 159 56 291 135.92 0.07 -- 6.46 127 14
* incorporating 28 stones (9.32ct) from 24 sites that were re-sampled for technical reasons Sampling was undertaken on a grid of approximately 50m x 40m spacing and average sample size was approximately 2.6m2. This is sufficient density for estimation of NI 43-101 and JORC compliant resources to the "Indicated" category. In terms of the joint operations agreement Bonaparte has appointed independent experts, Steffen Robertson & Kirsten (SRK) of Cardiff, United Kingdom to analyze these sampling results and carry out delineation, grade estimation and classification of resources in compliance with the NI 43-101 and JORC codes. It is anticipated that their report will be completed by end November 2006.
Results of the sampling programs have been reviewed (including sampling, analytical and test data) by Mr. Randal Cullen, P.Geol., a "Qualified Person" as indicated under NI 43-101. The Company also reports that the engineering work program on its vessel mv DF Discoverer is nearing completion. It is expected that the vessel will return to Namibia and resume mining operations in early November.
Roger Daniel, President and CEO commented: "We are very pleased with the results from the Bonaparte sampling operations which we expect to result in an increase to our resource base and improve mine planning options. We are also looking forward to the imminent resumption of marine diamond mining with our own vessel and expect improved operating availability and efficiency following the repair, maintenance and upgrade program."
DIAMOND FIELDS INTERNATIONAL LTD.
Roger J. Daniel, President and CEO
For further information, contact Roger Daniel or Randal Cullen 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.
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