Further to its press release of Dec. 6, 2021, Diamond Fields Resources Inc. has filed an amended and restated technical report prepared in accordance with National Instrument 43-101 for the Labola gold project in Burkina Faso. The report, entitled “Diamond Fields Resources Inc. Amended and Re-stated Technical Report on the Labola Project, Burkina Faso,” dated April 2, 2022, with an effective date of April 20, 2022, was prepared by Ivor W.O. Jones, MSc, PGeo, FAusIMM, John Asafo-Akowuah, MS, MAIG, and Alan Riles, BMet, MEconGeol. The amended Labola report is available for review on SEDAR and the company’s website.
The amended Labola report addressed certain issues raised by the TSX Venture Exchange, including clarifying that no exploration or drilling has been done on the project by the company, confirming that there are no properties within close proximity to the project that could be considered relevant to the Labola project and confirming that the qualified persons are independent from the company, Moydow Holdings Ltd. and Panthera Resources PLC. As described in the company’s press release of Aug. 25, 2021, Diamond Fields Resources has entered into definitive agreements to acquire Moydow Holdings, which has an option to own 100 per cent of the project.
There are no material differences in the amended Labola report from those results disclosed in the company’s press release dated Oct. 25, 2021, and entitled “Diamond Fields Announces Maiden Mineral Resource for Labola Gold Project.”
Diamond Fields Resources is a TSX-V-listed exploration and mine development company with assets in Madagascar and Namibia. In Madagascar, Diamond Fields Resources is developing the Beravina project, an advanced, high-grade, hard-rock zircon exploration prospect located in the west of the country, approximately 220 kilometres east of the port of Maintirano and close to a state road. Diamond Fields Resources acquired Beravina from Pala Investments and Austral Resources in 2016. In Namibia, the company owns several offshore diamond mining licences, including the ML 111 concession, which has a 10-year mining licence, effective until Dec. 4, 2025. In 2018 and early 2019, mining undertaken by a contractor on the company’s ML 111 licence area produced two parcels of rough diamonds totalling 47,318.41 carats.
