| ||Wed Apr 28, 2004|
Diamond Fields Announces Acquisition of Diamond and Gold Projects in Liberia
| ||Vancouver, April 28, 2004 - Diamond Fields International Ltd. (DFI: TSX) is pleased to announce that it has obtained two mineral reconnaissance licenses in Liberia, one of which is a diamond prospect, the other a gold prospect. These concessions were acquired by Diamond Fields as a result of the increasing political stability in a region that the Company believes is very prospective for mineral exploration and, to date, has been under explored.|
The Nimba diamond concession is in an area of Archean craton covering approximately 2000 km2. It is located in Nimba County in northeast Liberia, and hosts extensive artisanal alluvial diamond workings along Ya Creek and its tributaries. Diamond Fields exploration efforts will focus on the search for a source kimberlite.
The Cestos Belt gold concession covers approximately 1300km2 in River Cess and Sinoe Counties, and is located near the Cestos shear zone. Regionally, the Cestos shear trend is the southernmost extension of the Syama belt which hosts the Syama and Morila gold mines in Mali. Artisanal alluvial gold workings are present in watersheds of the Cestos and Sehnkwehn Rivers adjacent to the license.
Diamond Fields is planning sampling programs to attempt to define anomalous areas. A large scale heavy mineral stream sediment sampling program will occur in the Nimba concession and a soil sampling and mapping program will be undertaken in the Cestos Belt concession. Further work will be based on results from this initial program.
Mr. Gregg J. Sedun, President and CEO of Diamond Fields stated: "We are excited about the opportunity of being an early mover in a country with as much mineral potential as Liberia. The trend towards political stability now occurring in this geologically exciting region presents us with enormous potential not only in our search for diamonds, but also in a new mineral, gold, now being added to our portfolio of projects."
Diamond Fields International Ltd. is an internationally active exploration and mining company pursuing mineral exploration opportunities worldwide. The Company's corporate strategy is to maximize cash flow from its Namibian marine diamond concessions and systematically explore and develop its international mineral exploration projects. In addition, the Company continues to explore opportunities to acquire new economic mineral projects worldwide.
DIAMOND FIELDS INTERNATIONAL LTD.
"Gregg J. Sedun"
Gregg J. Sedun,
President, Chief Executive Officer and Director
For further information contact: Investor Relations (1-888-682-2113)
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 forwardlooking statement. All dollar amounts are reported in U.S currency unless otherwise indicated
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