2014

Resource Development Progress and Vessel Update SYMBOL: DFI



    CAPE TOWN, Oct. 3 /PRNewswire-FirstCall/ - Diamond Fields International
 Ltd. (DFI:TSX) ("DFI" or the "Company") is pleased to report encouraging
 initial results from the resource development sampling being conducted by
 Bonaparte Diamond Mines NL (ASX: BON) ("Bonaparte") under a joint
 operations agreement and the expected resumption of mining operations by
 late October.
     During the first four days of sampling by Bonaparte (up to 25th
 September) in the joint operations area in ML111, offshore Luderitz,
 Namibia, diamonds have been recovered from 61% (31 samples) of the 51
 samples completed producing a total of 57 stones weighing 23.78 carats
 (ct). Multiple diamond recoveries (more than 1 stone) have been returned
 from 15 samples (29%). A high proportion (39%) of the diamonds are 0.4ct or
 greater in size with the largest diamond being a 1.94ct stone. Subsequent
 to 25th September a diamond, estimated by geologists onboard the vessel to
 be approximately 3.0ct, has been recovered. The quality of the stones
 recovered to date appears typical of Namibian marine production where
 historically more than 95% of diamonds are gem quality.
     Summary of results:
 
     -------------------------------------------------------------------------
                                                               St       Ct
                                                            (greater (greater
                                                      Size    than)    than)
     Samples  Positive  Multiple  Diamonds  Carats   Range    0.4ct    0.4ct
     -------------------------------------------------------------------------
        51       31        15        57      23.78   0.12 -    22      13.73
                                                     1.94
     -------------------------------------------------------------------------
                 61%       29%                                 39%      58%
     -------------------------------------------------------------------------
     To date sampling has focused on a well defined geological feature in
 the central part of the Diaz Point 1 (DP1) area where results indicate
 near-continuous mineralization in an area of approx 30,000 m2. DP1 has a
 total area of 1,200,000 m2. Sampling operations are scheduled to continue
 until the third week in October with an option to extend the programme a
 further 10 days.
     The sampling programme is focused on recovering diamonds from a
 regularly spaced grid of sample sites at sufficient density for estimation
 of NI 43-101 and JORC compliant resources to the "Indicated" category.
 Under the terms of the Joint Operations agreement Bonaparte will retain a
 30% participating interest in mining of any Indicated Resource identified
 within the joint operations area. Operations are being conducted from the
 dedicated sampling vessel mv Douglas Bay, contracted by Bonaparte from
 DeBeers Marine in Cape Town, South Africa.
     Marine diamond samples from this programme are initially processed in a
 secured and CCTV monitored plant on board the sampling vessel. Marine
 gravels are screened and concentrated via dense media separation and X-ray
 sorting. X-ray concentrates are canned on board and transferred to a secure
 shore base and CCTV monitored sorting facility for final recovery, weighing
 and logging of diamonds. All aspects of diamond transport are supervised by
 the Protected Resources Unit (PRU) of the Namibian Police.
     Results of the sampling programs have been reviewed, verified
 (including sampling, analytical and test data) by Mr. Randal Cullen,
 P.Geol., a "Qualified Person" as indicated under NI 43-101.
     The Company also reports that the engineering work programme on its
 vessel mv DF Discoverer is nearing completion. It is expected that the
 vessel will return to Namibia and resume mining operations in late October.
     Roger Daniel, President and CEO commented: "We are excited by the
 initial results from the Bonaparte sampling operations which create the
 potential for delineation of a significant, indicated resource in the joint
 operations area thereby adding to our resource base. We also look forward
 to resumption of marine diamond mining with our own vessel and expect
 improved operating availability and efficiency following the repair,
 maintenance and upgrade programme."
     DIAMOND FIELDS INTERNATIONAL LTD.
 
     "Roger J. Daniel"
 
     Roger J. Daniel, President and CEO
 
     Forward-Looking Statements:
     Statements in this release that are forward-looking statements are
 subject to various risks and uncertainties concerning the specific factors
 identified in Diamond Fields' periodic filings with Canadian Securities
 Regulators. Such forward-looking information represents management's best
 judgment based on information currently available. No forward-looking
 statement can be guaranteed and actual future results may vary materially.
 Diamond Fields does not assume the obligation to update any forward-looking
 statement.
     CONTACT: Roger Daniel or Randal Cullen at +27 21 425 1990; Website:
 www.diamondfields.com
 
 

SOURCE Diamond Fields International Ltd.

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