Survey Ship Begins Work on Diamond Fields’ Atlantis II JV Mining License
(“DFI” or the “Company”) is pleased to announce that the marine
research vessel RV POSEIDON is on the Company’s Atlantis II joint
venture concession conducting a walk-away, sub-bottom profiling (“SBP”)
survey using the state-of-the-art Abyss 6000 unmanned autonomous
vehicle (“UAV”). The survey is being conducted pursuant to a
collaborative agreement between DFI and Leibniz Institute of Marine
Sciences at the Christian-Albrechts Universitat zu Kiel (“IFMGEOMAR”).
Work will also include collating a high precision bathymetric survey
over the structure as part of the marine research project “
Transect” conducted by IFM-GEOMAR and King Abdulaziz University of
The survey has already for the first time, using specially adapted
cameras operating within the brine pool, managed to obtain detailed
photographs and video of the Atlantis II Deeps surface. During the two
months, marine scientists from
biological, geological and geophysical studies on Atlantis II and other
parts of the Red Sea in three legs from an area off the coast up to the
trench axis of the Red Sea at two kilometers depth. The Jeddah Transect
Project includes a broad range of scientific activity, including the
investigation of the Atlantis II Deeps, which is known to contain
significant precious and base metal mineralization. The DFI/Manafa
joint venture was granted the world’s first deep water marine mining
license by the Red Sea Commission in
The Company expects to complete a National Instrument 43-101 compliant
resource statement for the Atlantis II deposit before the end of March.
The work is being independently undertaken by
of 565 cores. The cores reflect only the average top 8.5 metres of the
deposit (the average depth of penetration), which is known to be open
“The information gained from the RV POSEIDON’s survey will add to the
Company’s extensive data base on the Atlantis II deposit and help us
plan follow-up surveys, provisionally scheduled for later this year,
and develop the resource,” said
are expected by Q2 2011.
DIAMOND FIELDS INTERNATIONAL LTD.
For further information, contact + 1 604 685 9911
Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific
factors identified in
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.
update any forward-looking statement, except as otherwise required by
SOURCE Diamond Fields International Ltd.