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Diamond Fields Reports Update on Gold Exploration in Liberia
Diamond Fields Reports Update on Gold Exploration in Liberia.
About this update from Dfr Gold Inc
[{"type":"text","content":"\n\n\n\n\nSYMBOL: DFI \n\nCAPE TOWN, May 30 /CNW/ - Diamond Fields International Ltd. (DFI:TSX)\n(\"DFI\" or the \"Company\") is working in Liberia on diamond and gold concessions\ncovering more than 181,000 hectares of prospective Archean and Proterozoic\naged terrains. The company is greatly encouraged by a continuing stream of\npositive gold results from both the Grand Gedeh and Grand Cape properties.\nStream sediment samples commonly report visible gold and the presence of\nmedium to large scale artisanal workings over insitu mineralization provides a\nfocus for advanced exploration leading to a near term drilling program.\n\nGrand Cape\nOn the Grand Cape property, host to DFI's kimberlite discoveries and\ntargets, the Henry Town gold camp, as defined by DFI's mapping and sampling to\ndate extends for at least 10km along a northeast strike and for 5km across\nstrike within the property boundaries. Of the 43 stream samples collected so\nfar 50% have returned greater than 0.2 gms/tonne gold. Visible gold is present\nin heavy mineral concentrates from 10 of these samples as well as in samples\nof quartz veins within the Point Point artisanal mining site. Channel samples\nacross the target mineralization returned 13 gms/tonne over widths of 1.5m.\nStep out soil samples have picked up the gold anomaly for 250m along strike\nand 78m across strike, returning values between 0.2gms/tonne and 2.83 gms/tone\ngold. Grid soil sampling is underway to determine the full along and across\nstrike extent of the target.\nBedrock geology in the area is dominated by upright folded gneissic rocks\nenveloping what appear to be remnant greenstones (amphibolites) with cores of\noxide facies iron formation. Ultramafic intrusions are also mapped in the\narea. Gold appears to be associated with quartz veins intruding the folded\ngneissic rocks, alteration zones in tremolite schists at the contact with\ngneiss and in the contact aureoles of ultramafic intrusions.\nThe camp is host to both in situ artisanal mining sites as well as\nnumerous alluvial gold diggings Positive gold results from DFI's regional\nsampling will be followed up with further stream sediment work and grid based\nsoil sampling to define further discreet in situ anomalies. The preponderance\nof visible gold in stream sediment samples and the artisanal activity in many\nof the drainages...