investor.gif (1KB)
news.gif (1KB)
 Tue Aug 17, 2004
Diamond Fields Drills Nickel-Copper Sulfide and Titanium Mineralization in Norway

 Vancouver, Aug. 17, 2004 Diamond Fields International Ltd. (TSX:DFI) is pleased to announce the results of the initial drill program at the Ogna Nickel-Copper project in southwestern Norway. A total of 1280.7 meters of drilling was completed between May 25 and June 17, 2004. Drilling was focused in two geophysical targets at Bjorndalsnipa and Gulldragsvatn.

Bjorndalsnipa - Ni/Cu Geophysical Target
Eight drill holes totaling 896 meters targeted nickel and copper mineralization related to late-stage enrichment of an anorthosite host. The drilling encountered massive sulfide veins and stringers of disseminated sulfides with grades including nickel values up to 1.31% and copper values up to 0.85%. Drill holes 2 to 7 were all collared at the same site and drilled in a fan to define the extent of the mineralization in an area where no obvious structural controls could be seen at surface.

Results for selected elements are as follows (true thickness is not known at this time):
------------------------------------------------------
Drill  From    To    Width
Hole   (m)     (m)    (m)   %Ni    %Cu    %Co    %Fe
------------------------------------------------------
BJN02   27     29      2    1.23   0.57   0.16   52.79
BJN02   29     30      1    0.81   0.85   0.12   36.07
BJN02   31     33      2    1.21   0.34   0.13   51.82
BJN02   33     35      2    0.42   0.30   0.05   18.48
BJN02   35     37.2   2.2   0.70   0.27   0.08   29.98
BJN02   46.2   47.1   0.9   1.04   0.22   0.12   44.11
                     
BJN03   43.5   43.9   0.4   0.80   0.42   0.11   36.55
                     
BJN05   21.4   22.1   0.7   1.21   0.22   0.16   52.89
BJN05   63.2   64.2    1    1.06   0.44   0.18   50.54
BJN05   75.4   76.4    1    1.30   0.22   0.14   56.35
                     
BJN06   20.5   21     0.5   1.31   0.20   0.15   56.39
BJN06   23.5   24     0.5   1.19   0.23   0.14   51.54
BJN06   25.9   26.4   0.5   1.07   0.16   0.12   46.96
BJN06   40.5   41.4   0.9   0.86   0.49   0.14   40.68
                     
BJN07   24     25.9   1.9   1.22   0.36   0.14   52.78
BJN07   29.1   30.4   1.3   1.30   0.31   0.14   54.75
Interpretation of the drill intersections suggests a semi-cylindrical body of sulfide mineralization, about 50 meters long and 40 meters wide, dipping steeply to the south was intersected, similar in extent to the Homse massive sulfide deposit located 900m to the west. Although the drill identified zone at Bjorndalsnipa does not appear at this time to represent an economic ore deposit, the style and extent of mineralization in these two cases is interpreted to represent a feeder system of sulfide liquids, suggesting the possibility of a larger nickel/copper enriched sulfide body at depth. The two mineralized pods appear to be related by their locations adjacent to a through going fault. A ground geophysical program is planned over the area to search for deeper conductors that will help support this theory and generate targets for further drilling.

Gulldragsvatn
In the Gulldragsvatn area, 384.5m of drilling targeted nickel, copper, and titanium mineralization related to an extensive mineralized zone in anorthosite and norite. Two 45 degree angled drill holes on a SE bearing returned core lengths of 53m and 90m respectively of anorthosite and norite breccia with massive ilmenite matrix. The holes are 150m apart and targeted on geophysical anomalies. Intersections of massive ilmenite bands in the core varied from centimeters thick to 4m thick in HGV-1.

Results for selected metal oxides are as follows (true thickness is not known at this time):
----------------------------------------------------------------
       From  To   Width
DHID   (m)   (m)   (m)   TiO2%   Fe2O3%   MnO%   V2O5%   Cr2O3%
----------------------------------------------------------------
HGV1   88    100   12    23.76   32.25    0.17   0.191   0.043
HGV1   100   108    8     8.97   14.70    0.09   0.079   0.021
HGV1   108   114    6    25.89   34.00    0.17   0.200   0.037
HGV1   114   128   14     9.83   14.00    0.08   0.083   0.022
HGV1   128   134    6    12.89   18.47    0.11   0.112   0.026
HGV1   134   140    6     8.04   12.10    0.08   0.070   0.017
HGV1         Ttl   52m   14.91   20.92    0.12   0.12    0.03
HGV2 has a similar style of mineralization. Although disseminated and stringer ilmenite was seen for the entire length of the hole, a zone of massive ilmenite and anorthosite breccia extended from 126m to 144m. These intersections are interpreted to represent near true thickness of the ilmenite mineralization which is dipping 45 to 50 degrees to the NW. The mineralized zone and coincident HEM anomalies that define it extends over 1000 m along strike. Surface structure indicates that further strike length is possible.

Results for selected metal oxides are as follows (true thickness is not known at this time):
-------------------------------------------------------------------
       From   To    Width
DHID   (m)    (m)    (m)    TiO2%   Fe2O3%   MnO%   V2O5%   Cr2O3%
-------------------------------------------------------------------
HGV2    60     66     6      8.67   14.90   20.92   0.116   0.122
HGV2    66     74     8     13.91   21.00    0.12   0.141   0.036
HGV2    74     75.5   1.5   13.93   20.2     0.11   0.141   0.035
HGV2    75.5   79.5   4     26.53   36.45    0.19   0.266   0.060
HGV2    79.5   81     1.5   15.44   22.5     0.14   0.157   0.041
HGV2    81     89     8     12.52   20.53    0.12   0.122   0.029
HGV2    89     91     2      0.19    3       0.03  <0.005   0.005
HGV2    91     97     6     10.79   16.37    0.10   0.111   0.031
HGV2    97    101     4     27.23   37.90    0.20   0.272   0.067
HGV2   101    104     3      5.57    9.2     0.06   0.056   0.013
HGV2   104    112     8     20.83   30.10    0.16   0.211   0.048
HGV2   112    126    14      7.42   12.39    0.08   0.084   0.027
HGV2   126    144    18     19.18   28.44    0.16   0.20    0.049
HGV2   144    150     6     11.50   18.00    0.12   0.118   0.027
HGV2          Ttl    90m    14.2    21.43    0.12   0.15    0.04
Gulldragsvatn drilling has suggested ilmenite mineralization warranting further investigation. Future work will include assessing metallurgical potential before attempting to expand the deposit. Ilmenite is one of the main ores of titanium which is primarily used as a pigment for paint, paper, plastic and other materials. Other uses for titanium are for manufacturing alloys, carbides and chemicals

Crushing and geochemical analysis of the core was carried out by OMAC Laboratories, Loughrea, County Gallway, Ireland (www.omaclabs.com). The Bjorndalsnipa samples were processed using ICP methods while the Gulldragsvatn samples were processed using a Potassium Polysulphate Fusion method with ICP finish, specific for ilmenite compositions. Mr. Randal Cullen, P.Geol, Chief Geologist for Diamond Fields International Ltd., is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by Diamond Fields.

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 and Chief Executive Officer

For further information contact Investor Relations (1-888-682-2113)
Website: www.diamondfields.com

Forward-Looking Statements:
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.
 
 

You can return to the Top of this page

Adnet Communications Inc.