Diamond Fields Resources

Diamond Fields sold 6,475 carats from Namibia's Marshall Fork feature for $158 (U.S.) per carat in Antwerp, netting $1-million.

Diamond Fields reported progress on its sampling and test mining program at the Marshall Fork and Elephant Basin marine diamond concessions near Luderitz, Namibia.

Diamond Fields reported a net loss of $1,572,530 for fiscal 1999, ended June 30, with cash reserves rising to $9,308,999 after raising nearly $11-million.

Diamond Fields International began phase 3 of advanced diamond sampling on its Luderitz Sea concessions in Namibia with De Beers Marine on Aug. 28.

Diamond Fields has commenced phase 2 of its advanced sampling program on the Luderitz Sea diamond concessions in Namibia, using De Beers Marine's vessel mv Coral Sea.

Diamond Fields International elected Frank Waldron, a Mony Group senior vice-president, to its board of directors.

Diamond Fields International has appointed Frank Potter, who has over 35 years of international finance experience, to its board of directors.

Diamond Fields Namibia's exclusive prospecting licence EPL 1607, covering about 540 square kilometres offshore near Luderitz, has been renewed for two years.

Diamond Fields International received $6-million (US$4-million) from the exercise of 9,999,999 warrants at 40 U.S. cents per share by MIL Investments.

Diamond Fields International sold a parcel of 4,450 carats in Antwerp for an average of $164 (U.S.) per carat.