Business
Diamond Fields Update
Diamond Fields Update.
About this update from Dfr Gold Inc
[{"type":"text","content":"\n\n\n\n\nSYMBOL: DFI\n\nCAPE TOWN, SOUTH AFRICA, Aug. 8 /CNW/ - Diamond Fields International Ltd.\n(DFI:TSX) (\"DFI\" or the \"Company\") is pleased to report on continuing\nreconnaissance and development success on its Liberian joint venture\nproperties and also provides updates on other operating corporate matters.\nIn Liberia nine kimberlite targets have been generated with 75% of the\nreconnaissance sampling completed. Two targets are pipe-like bodies, three are\ninferred dyke trends in excess of 500 m long. Ground magnetic anomalies are\npresent, coincident with interpreted kimberlite pipes and dykes on the three\ntargets surveyed. The Company is investigating the possibility of mobilizing a\ndiamond recovery plant to Liberia to facilitate bulk sampling of kimberlites\nfor grade. One kilometer long by 500m wide sampling grids over high grade gold\nanomalies have been completed on both Grand Cape and Grand Gedeh properties.\nResults are anticipated by the end of August. Field work has been suspended\nuntil the end of the rains in mid September.\n\nLiberian Diamond Exploration\n\nAfter follow up sampling on kimberlite targets generated by stream\nsediment reconnaissance work, DFI has nine areas requiring further development\nwork. Of these, the Company has advanced to mapping, grid sampling, and\npitting(1) on five areas, with ground geophysics completed on three. Magnetic\nresponse indicative of kimberlite is present on all three of these, confirming\nthe presence of two pipe-like bodies on Grid 4 and a dyke trend in excess of\n500m long on Grid 3. Macro-diamonds (0.05 cts, 0.08 cts and 0.22 cts) have\nbeen recovered during grid sampling and pitting of a fourth 3 km long dyke\ntarget on Grid 5.\nGeophysical response of the pipes on Grid 4, sampled at 25m intervals\nalong the line and 50m between lines, indicated discreet non-linear anomalies.\nThe area of the pipes could not be confirmed by the magnetics, but they are\ninferred from the size of the swamps within which they occur to be\napproximately 3 hectares (ha) and 1 ha respectively. The extensive (greater\nthan 500m) dyke trend on Grid 3 was surveyed at 10m intervals across strike,\nwith response indicating widths of the anomaly of 5m or more. Alternatively,\nthere are a series of smaller parallel striking dykes within a 5m wide or\ngreater zone. The dyke continues off...