|By Marketwired .||
|July 2, 2014 03:26 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/02/14 -- Diamond Fields International Ltd. (TSX VENTURE: DFI) ("Diamond Fields" or the "Company") - As a result of a review by the British Columbia Securities Commission ("BCSC") we are issuing the following news release to clarify our disclosures.
In the Management Discussion and Analyses (MD&A's) dating back to March 31, 2009, for the Company disclosed a resource estimate for its Valozoro nickel laterite property in Madagascar, The resource estimate as disclosed is not supported by a current technical report compliant to NI 43-101, and as such the resource estimate should not be relied upon. The Company retracts that resource statement.
On the Company' website under Namibian Projects, a historic resource was quoted for the ML111 property dating back to 2001. This resource statement has been updated in accordance with a recent technical report which will be filed shortly. As such investors are cautioned that no reliance should be placed on this estimate until such time that a compliant NI43-101 report has been filed.
The Company filed an amended technical report Review of Historic Resource Estimates and CIM Compliant Resource Estimate for Atlantis II Deep Cooper, Zinc, Silver and Manganese Deposit, Red Sea dated October 28, 2011 and prepared by ACA Howe in support of the first time disclosure of mineral resources in the Company press release of July 26th 2011. The resource estimates contained within the report are not supported by compliant 43-101 technical report and should not be relied upon until they have been independently verified and supported by a compliant technical report.
Ian Ransome, B.Sc. (Hons), Pr.Sci.Nat., the Company's President and CEO, is a registered geological scientist with the South African Council for Natural Scientific Professions (SACNASP), and is thus a Qualified Person in terms of National Instrument 43-101, has compiled and reviewed the scientific and technical information contained in this News Release.
DIAMOND FIELDS INTERNATIONAL LTD.
Ian Ransome, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
Diamond Fields International Ltd.
Chief Executive Officer
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