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DIAMOND FIELDS RESOURCES INC. PURCHASES OCEAN-GOING SHIP "M.V. OCEAN ROVER" TO EXPLOIT WORKING DIAMOND DEPOSITS OFF NAMIBIAN COAST

 Near Shore Yields Estimated at 140 CT/CT Tons
 VANCOUVER, British Columbia, June 28 /PRNewswire/ -- Jean-R. Boulle,


president of Diamond Fields Resources Inc.(the "company") is moving into the forefront of marine diamond exploration and production in the African subcontinent.
 With DeBeers continuing to increase its large fleet of diamond mining ships, and BHP now embracing sea diamond exploration and mining off the southwest coast of Africa, the company believes that sea diamond mining in this area will increasingly become the dominant source of gem quality diamonds in the world.
 It is reliably estimated that at least 1.5 billion carats of diamonds have been eroded from African kimberlites and subsequently deposited along the southern African west coast.
 The only diamond producers in Namibia are De Beers and the Namibian West Coast Diamond Company (Pyt.) Ltd., the holder of two large sea diamond concessions, now 100 percent owned by the company.
 On the first day of operation after acquiring the company's concessions, a diver sampling operation recovered 35 carats of 90-95 percent gem quality diamonds. The company's diamond production will continue with contract boats and divers.
 M.V. Ocean Rover
 In order to facilitate greater production from the concessions, the company is pleased to announce it has successfully purchased from the Marshall of the Supreme Court of Queensland, Australia, a 100 percent interest in the ocean-going ship "M.V. Ocean Rover" for Aust. $525,000. This is a fraction of the replacement price for a well- equipped salvage ship of this class. The ship is currently in Australia and will be departing for Capetown in August.
 The "M.V. Ocean Rover" was refitted in 1986 for deep sea salvage and has the ability with onboard robotics to easily recover bottom samples to the maximum depth of the concession.
 The ship is 166 feet long, has a 38-foot beam with a working deck of 100 feet. It has a 6-point positioning system that automatically keeps the ship in a fixed position utilizing on shore or satellite positioning. This is a key element in the ship's equipment, in that it allows the ship to remain stationary over a fixed mining or sampling location. This system alone can cost up to 1 million dollars. This ship also comes equipped with under water camera units that can be robotically controlled, a side scan radar system that can survey the gravels in the concession and various other geophysical instruments capable of defining the sea floor in great detail yielding information on sediment type, thickness and distribution, all of which will greatly assist the mining and sampling operations. The ship includes a full complement of diving support gear and a moonpool.
 During its Capetown visit in September of this year the ship will be fitted for deep sea mining with a 10-ton-per-hour heavy media diamond recovery plant and a drilling device similar to a WIRTH DRILL SYSTEM used for recovering the diamond bearing sea bottom aggregate and pumping it on board ship. The estimated cost of this refit is U.S. $1.5 million.
 Near Shore and Surf Operations
 In addition to the Ocean Rover's offshore mining, the company will be establishing three other basic mining operations in harbor areas and near shore portions of the concession, as follows:
 (A) The "Harbor Units" which consist of a barge type vessel equipped with a rotating cutter head with an internal vacuum that will remove the diamond bearing sea bottom aggregate and pump it directly to a shore based diamond jig plant;
 (B) The "Dive Barge Units": These barges will work actively behind the Harbor Units that have exposed the richer gravels and pot holes unmineable by any other method. The barge itself will be capable of pumping air to four divers and warm water for longevity of bottom time. In addition to supporting the Harbor Units, the Dive Barge Units will work independently in other areas not normally accessible by other means; and
 (C) The "Surf Units" are land-based units that utilize diver- assisted dredge pump hoses which extend up to 400 feet into the ocean and will pump high volumes of sediments and gravel to shore and into land based jig assemblages for diamond recovery.
 These operations are very important to the company's total carat production as they will be working the gravels and sediments near shore which historically have produced an abundance of fancy canary yellow diamonds of much higher value per carat.
 The grade of the near shore sands and gravels were extrapolated from the last 33,000 carats removed and found to be approximately 140 cts/ 100 tons of raw sea bed material (see note).
 When this raw material is processed it will yield 700 ct/100 tons of concentrate consisting of 90-95 percent top quality gem diamonds.
 The large concession is unique in that not only does it support more than 100 kilometers of shoreline and shallow water, but extends up to 12 kilometers into the Atlantic Ocean to depths of 120 meters. This is approximately the depth of water that De Beers' expanded fleet is currently mining on their nearby concessions.
 All current operations using contract divers will continue and it is estimated the near shore and surf operations will be established in October and that marine mining and prospecting, utilizing the company's ship, will begin in late November or early December. This will bring the company's Luderitz, Namibia, offshore diamond concession into the forefront of marine diamond exploration and production in the African sub-continent.
 Note: As per "The Marine & Coastal Geo-consultant's Report," prepared May 19, 1993, by R. De Decker, M.Sc., for the company, and available for viewing at the registered and records office of the company, 2200-885 West Georgia St., Vancouver, British Columbia, during normal business hours.
 -0- 6/28/93
 /CONTACT: Jean-R. Boulle, president of Diamond Fields Resources, 501-777-0600/
 (DFR.)


CO: Diamond Fields Resources Inc. ST: British Columbia IN: MNG SU: TNM

JB-MF -- LA019 -- 6338 06/28/93 14:45 EDT
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Date:Jun 28, 1993
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