Thu Jun 20, 2002 LARGEST DIAMOND RECOVERED ON DIAMOND FIELDS' LUDERITZ CONCESSION
Diamond Fields International Ltd. (TSX:DFI) is pleased to announce that it has recovered a 17-carat diamond from its Luderitz concession offshore Namibia. The diamond was recovered aboard the mining vessel mv Namakwa and is the largest recovered since the Diamond Fields-Trans Hex Joint Venture began operations in May 2001. Based on available information from neighboring operations, it is the largest stone ever recovered in the marine concessions off Luderitz.
Recoveries to date by the DFI-Trans Hex Joint Venture indicate an average stone size for the mined portion of the Marshall Fork deposit to be 0.33 carats.
Chief Geologist Randal Cullen stated: "Recovery of a 17 carat diamond from Luderitz Bay indicates higher than expected energy was present in the marine diamond transport system. Expectations are high that further recovery from a population of large diamonds will occur as mining progresses in the Marshall Fork feature. We will continue to evaluate the possibility of an alternative source for these large stones within Namibia."
ON BEHALF OF THE BOARD OF DIRECTORS OF
DIAMOND FIELDS INTERNATIONAL LTD.
Director of Operations
For further information contact Earl Young (1-214-219-1439) or H.D. Lee (1-604-682-2113)
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the 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.