Diamond Fields International Ltd. (DFI) has provided preliminary gold assay
results as part of an NI 43-101 resource statement being prepared for the
Atlantis II property in the Red Sea that it is developing jointly with
Manafa International. Cores 3M268, 3M338, 3M567 in the South West basin
of the Atlantis II analyzed as part of a due diligence study on
cores originally sampled in the late 1970s have yielded consistent
levels of gold mineralization over the sampling intervals, and are open
at depth. Sample preparation and analyses were undertaken by Alex
Knightly Laboratories in Alaska by AAS. Core 3M268, with a total
penetration of 12.68 metres, intersects significant gold mineralization
within the upper amorphous silicate zone (SAM) through to the central
oxidic (CO) zone of the upper unit, averaging 1.825 grams per tonne (g/t) DSF (dry salt
free) over eight metres (see table). Core 3M338, which penetrates the upper
7.87 metres of Unit A, averages 1.71 g/t gold (DSF) over the penetrated
interval, whilst core 3M567, with a total depth of 10.41 metres,
recovered 6.41 metres of the lower horizons of the Upper Unit (Unit A),
with an average gold value of 1.64 g/t gold (DSF).
GOLD VALUES OVER SAMPLE INTERVALS FOR CORES 3M268, 3M338
AND 3M567
3M268 3M338 3M567
Au ppm Au ppm Au ppm
From To (DSF) (DSF) (DSF)
0 1 CL 1.85 CL
1 2 1.80 1.78
2 3 1.93 1.80
3 4 1.76 1.80
4 5 1.58 1.89 1.57
5 6 1.84 2.09 1.70
6 7 2.13 0.86 1.37
7 8 1.81 Open at depth 1.69
8 9 1.81 1.82
9 10 Open at depth 2.59
10 11 0.72
Open at depth
*CL — core loss
To date, the highest recorded gold value analyzed contains 2.76 g/t Au
(DSF) (core 3M350).
The gold values are significantly higher than previously inferred from
floatation analyses (0.5 g/t Au DSF) by Preussag for the historical
resource estimate on the deposit. The presence of elevated gold values
within the South West basin of the Atlantis II deeps, together with
other geochemical and mineralogical data, indicate the close proximity
of an (palaeo) exhalative vent in the South West basin, where high-grade mineralization within the sedimentary pile may be present. As
part of its resource development program on the deposit, the company
has defined preliminary potential target areas of vent locations to
core in its upcoming resource development program.
Gold is part of a 30-mineral-suite being assayed as part of a 43-101
resource statement being prepared, and is in addition to zinc, copper
and silver already known to be present in the deposit (see news in Stockwatch on June 4, 2010).
Commenting on the results, DFI’s president and chief executive officer, Ian Ransome said:
“Obviously the gold results are encouraging. The presence of elevated
gold values and the possibility of locating high-grade mineralization
open at depth within the South West basin just adds further potential
value to the deposit.”
Qualified person
Information of a scientific or technical nature contained in this
release has been prepared and reviewed by Mr. Ransome, PriNatSci,
chief executive officer, who constitutes a “qualified person” within
the terms of National Instrument 43-101 regulations.
