Key points
- Diamond Fields International Ltd. filed an amended NI 43-101 technical report on SEDAR after revision by ACA Howe International Ltd.
- The report declares a maiden inferred resource for the Atlantis II sedex deposit in the Red Sea.
- The inferred resource totals 1,643 thousand tonnes of zinc at 2.03%, 368 thousand tonnes of copper at 0.46% and 2,179 thousand tonnes of manganese at 2.69%.
- Ian Ransome, president and chief executive officer of Diamond Fields International, said the company is pleased to reinstate the ACA Howe resource estimate.
After revision by ACA Howe International Ltd., Diamond Fields International Ltd. has filed on SEDAR an amended and revised National Instrument 43-101 technical report declaring a maiden resource for the Atlantis II sedex deposit in the Red Sea. The original resource estimate remains unchanged as indicated in the attached table.
SUMMARY OF THE 2011 ACA HOWE INFERRED RESOURCE FOR THE ATLANTIS II DEEP DESPOSIT
Wet Sediment Sediment DSF Metal tonnes Metal DSF
density volume tonnage tonnage (thousands) volume metal
(millions m3) (millions) (millions) grade grade
Zinc 1.29 473.93 604.21 80.88 1,643 3.47 kg/m3 2.03%
Copper 1.29 473.93 604.21 80.88 368 0.78 kg/m3 0.46%
Silver 1.29 473.93 604.21 80.88 3.35 7.07 kg/m3 41.14 g/t
Manganese 1.29 473.93 604.21 80.88 2,179 4.60 kg/m3 2.69%
- DSF refers to dry salt free.
The resource estimate compiled by ACA Howe is an independent report prepared by a qualified person, as defined by NI 43-101.
Ian Ransome, president and chief executive officer of Diamond Fields International, commented, “We are pleased to reinstate the resource estimate undertaken by ACA Howe and reaffirm the resource potential of the Atlantis II deposit.”
