Diamond Fields begins operations in Marshall Forks

About this update from Dfr Gold Inc

[{"type":"text","content":"\n\n\n\nSYMBOL: DFI\n\n\nVANCOUVER, May 26 /CNW/ - Diamond Fields International Ltd. (DFI:TSX)\n("DFI" or the "Company") Diamond Fields is pleased to announce that its mining\nship, the DF Discoverer, has arrived at the Marshall Forks East region of\nDFI's exclusive license area and will begin mining immediately. Commenting on\nthe move, Wayne Malouf, Diamond Field's CEO said, "DFI has been excited about\nthe resource in Marshall Forks. With the completion of the current phase of\nmining in the Dias Reef joint operations area of DFI's ML 111 license, the\nmarine team believes it the right time to shift focus to Marshall Forks, where\nthe Company has exclusive rights."\n\n\nDiamond Fields and Bonaparte Diamond Mines NL (ASX code BON) jointly\nannounce that they have completed the current phase of joint mining operations\nin the Dias Reef joint operations area within DFI's MIL111 mining license.\nDespite record sales prices and some recent vessel operating improvements\nachieved by the marine team, sharp increases in fuel and certain other\nsupplies have led the parties to conclude that the economic return of mining\nthe resources so far identified within the joint operation area does not\nwarrant moving into the next phase of joint operations. Additional resources\nin the joint operations area will be available for future mining should the\neconomics warrant.\n\n\nDiamond Fields' offshore Namibian mining licenses cover an area of\napproximately 719 square kilometres, of which approximately 708.8 sq.\nkilometres, or 98.5 percent, is outside the ML 111 joint venture area\n\n\nDIAMOND FIELDS INTERNATIONAL LTD.\n\n\n"Wayne Malouf"\n\n\nWayne Malouf, Chief Executive Officer\n\n\nForward-Looking Statements:\n\n\nStatements in this release that are forward-looking statements are\nsubject to various risks and uncertainties concerning the specific factors\nidentified in Diamond Fields' periodic filings with Canadian Securities\nRegulators. Such forward-looking information represents management's best\njudgment based on information currently available. No forward-looking\nstatement can be guaranteed and actual future results may vary materially.\nDiamond Fields does not assume the obligation to update any forward-looking\nstatement.\n\n\n","length":2356,"tagName":"div"}]

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