Business
Diamond Fields Announces Commencement of Stage III of Offshore Marine Diamond Operations with IMDH
VANCOUVER, BC / ACCESSWIRE / July 12, 2016 / Diamond Fields International Ltd. (TSXV: DFI) (...
About this update from Dfr Gold Inc
[{"type":"text","content":"Diamond Fields Announces Commencement of Stage III of Offshore Marine Diamond Operations with IMDHVANCOUVER, BC / ACCESSWIRE / July 12, 2016 / Diamond Fields International Ltd. (TSXV: DFI) (\"DFI\" or the \"Company\") is pleased to announce that offshore marine diamond surveying and high density sampling, as well as trenching operations on its Namibian concession ML-111, are being engaged upon, initiating Stage III of the Company's agreement with International Mining and Dredging Holding (Pty) Limited (\"IMDH\"), being the holding entity of the IMDH Group (see DFI press release dated June 5, 2015).\nStage III constitutes further geo-physical runs supporting a high-density sampling campaign of earlier Stage II-identified areas focused on in the DFN ML-111 Concession area.\nThe Stage III campaign will cover the period from early July through August 2016 during which IMDH is planning, at times, the simultaneous deployment of three vessels namely M/V DP Star , The Explorer and M/V Ya Toivo in the ML 111 area. \nThe survey vessel M/V DP Star is currently undertaking a detailed survey to be dynamically elaborated in a 3D Topas foot-wall model within which the sampling vessel M/V The Explorer will be able to undertake high density samples through vertical drilling. Deployment of M/V Ya Toivo will further allow trenching to be undertaken by its deployed crawler. This offers the possibility of confirming geotechnical soil conditions, the mine-ability of such soils, footwall existence and its reach-ability within the 3D Topas model. This combined data will support the vertical drill sampling by The Explorer to further expand the model with targeted areas that can in future be reached by a deployed crawler. \nThe successful completion of this Stage III campaign will earn IMDH a 75% share ownership in DFI's Namibian subsidiary, Diamond Fields (Namibia) (Pty) Limited (\"DFN\") as consideration for the costs undertaken to execute Stage III campaign and otherwise in accordance with the relevant terms of the agreement between the Company and IMDH. \nDIAMOND FIELDS INTERNATIONAL LTD. \nSIGNED: \"Sybrand van der Spuy\" \nSybrand van der Spuy, Chief Executive Officer \nContact: Earl Young at +1 214 566 3709\nWebsite: www.diamondfields.com\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policie...