Diamond Fields International has obtained two mineral reconnaissance licences in Liberia, one of which is a diamond prospect, the other a gold prospect. These concessions were acquired by Diamond Fields as a result of the increasing political stability in a region, which the company believes is very prospective for mineral exploration and, to date, has been underexplored.
The Nimba diamond concession is in an area of Archean craton covering approximately 2,000 square kilometres. It is located in Nimba county in northeast Liberia, and hosts extensive artisanal, alluvial, diamond workings along Ya Creek and its tributaries. Diamond Fields’ exploration efforts will focus on the search for a source kimberlite.
The Cestos belt gold concession covers approximately 1,300 square kilometres in River Cess and Sinoe counties, and is located near the Cestos shear zone. Regionally, the Cestos shear trend is the southernmost extension of the Syama belt, which hosts the Syama and Morila gold mines in Mali. Artisanal, alluvial, gold workings are present in watersheds of the Cestos and Sehnkwehn rivers adjacent to the licence.
Diamond Fields is planning sampling programs to attempt to define anomalous areas. A large-scale, heavy-mineral stream sediment sampling program will occur in the Nimba concession, and a soil sampling and mapping program will be undertaken in the Cestos belt concession. Further work will be based on results from this initial program.
Gregg Sedun, president and chief executive officer of Diamond Fields, stated: “We are excited about the opportunity of being an early mover in a country with as much mineral potential as Liberia. The trend towards political stability now occurring in this geologically exciting region presents us with enormous potential not only in our search for diamonds, but also in a new mineral, gold, now being added to our portfolio of projects.”
WARNING: The company relies upon litigation protection for “forward-looking” statements.
