Voisey Bay extension discovered

The latest results released by Diamond Fields Resources (TSE) from its Voisey Bay project in Labrador include holes drilled to test a target that is believed to be a downfaulted extension of the previously discovered main ovoid body.

Situated near Nain, the property has so far been subjected to 77 drill holes using three rigs. Assay results were released from 15 of these holes, nine of which were drilled within the main ovoid and six on the new discovery zone.

Results from the new discovery zone were not as high in grade as those released from the nine holes that tested the main ovoid massive sulphide body. The latter were comparable in grade and thickness to previously released holes. The weighted average grade of the drill intercepts in the main ovoid is estimated to be 3.71% nickel, 2.14% copper and 0.15% cobalt.

The newly discovered massive-to-semi-massive sulphide body is thought to represent a downfaulted extension of the previously discovered shallow mineralization, or another body en echelon with, but similar to, the main ovoid.

The new 30-to-60-metre-thick body lies within a sheet of troctolite that dips north at 40. Six holes tested the new discovery zone, situated 300 to 400 metres southwest of the ovoid zone (the main discovery area),although one of the holes missed the zone and so was not assayed.

Results from this target are as follows (“overall” includes low-grade, disseminated mineralization):

Hole Depth Interval Base Metals

Metres Metres Ni% Cu% Co%

95-31 84.0-179.0 95.0 0.38 0.23 0.02

179.0-183.0 4.0 3.12 1.63 0.16

95-33 67.0-160.0 93.0 0.47 0.25 0.02

95-39 77.0-112.0 35.0 1.12 0.52 0.05

95-43 36.7- 52.7 16.0 1.12 0.57 0.05

overall 24.7- 69.7 45.0 0.79 0.47 0.03

95-44 80.2-102.2 22.0 1.77 1.07 0.09

120.2-124.2 4.0 2.87 1.63 0.15

overall 65.2-124.2 59.0 1.04 0.76 0.05

Results from drilling within the ovoid are as follows:

95-32 29.0-97.0 68.0 3.95 2.20 0.17

95-34 14.0-69.0 55.0 3.50 1.84 0.15

overall 14.0-89.0 75.0 2.71 1.45 0.11

95-35 36.8-81.8 45.0 4.01 1.81 0.17

overall 35.8-93.8 58.0 3.24 1.52 0.14

95-37 13.2-56.2 43.0 3.57 1.87 0.15

overall 13.2-74.2 61.0 2.83 1.49 0.12

95-38 38.4-52.4 14.0 3.73 1.72 0.16

overall 31.4-60.4 29.0 2.26 1.08 0.09

95-40 13.8-49.8 36.0 3.82 2.48 0.16

overall 13.8-56.8 43.0 3.40 2.22 0.14

95-41 28.1-46.1 18.0 4.08 1.73 0.17

overall 28.1-73.1 45.0 1.98 0.92 0.08

95-42 16.9-35.9 19.0 3.31 1.99 0.13

overall 16.9-43.9 27.0 2.70 1.65 0.11

95-45 8.40-24.4 16.0 3.54 1.87 0.16

overall 8.40-39.4 31.0 2.26 1.30 0.10

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