Key points
- Afri-Can received all necessary permits from Namibian authorities to start the marine diamond sampling program.
- International Mining and Dredging Holding Ltd. is completing repair and maintenance on the sampling vessel before the program starts on or about March 29, 2010.
- The block J program covers features 6, 8, 17 and 19 across seven geological zones with 332 total samples, 271 within delineated targets covering 19.6 square kilometres.
- Afri-Can holds a 70-per-cent interest in block J through a joint venture with licensee Woduna Mining Holdings (Pty.) Ltd.
Afri-Can Marine Minerals Corp. has received all necessary permits from Namibian authorities in order to start the marine diamond sampling program. International Mining and Dredging Holding Ltd. (IMDH) is currently completing some repair work and maintenance on the sampling vessel, and Afri-Can and IMDH have agreed to start the sampling program on block J on or about March 29, 2010.
The sampling program on block J will cover features 6, 8, 17 and 19 covering seven geological zones and will consist of a total of 332 samples. Of these, 271 are sited within delineated targets covering 19.6 square kilometres. The remaining 61 samples are designed to test geological formations that are thought to be potentially diamond bearing, but have not yet been proved as such. Approximately 22 square kilometres will be examined by future programs of detailed geophysics, vibracoring, and evaluation sampling. The aim of the complete surveying and sampling program is to delineate diamond resources on Afri-Can’s block J marine diamond concession in Namibia in compliance with National Instrument 43-101.
Afri-Can holds a 70-per-cent interest in block J through a joint-venture agreement with the licensee, Woduna Mining Holdings (Pty.) Ltd.
