Afri-Can Marine Minerals Corp. has signed a charter agreement for mv DP the Explorer with International Mining and Dredging Holding Ltd. (IMDH) to carry out a diamond-sampling program on the EPL 3403 marine diamond concession in Namibia. The aims of the program are to start delineating the diamond potential of the Southern features of EPL 3403, and to prove diamond presence and find areas of diamond concentration in the Northern features. The program is expected to start by the end of March, 2011, and will last between 25 and 30 days. Details of the program will be disclosed in a separate press release.
The vessel mv DP the Explorer is a highly efficient, dedicated sampling vessel, which can sample down to depth of 200 metres and can extract up to 21 samples per day. The sample size is five square metres, and the sampling tool can work through up to 12 metres of overburden.
EPL 3403 covers approximately 800 square kilometres and is adjacent to the north of the Atlantic One mining lease (ML) 47 (owned by Namdeb Diamond Corporation (Pty.) Ltd., a 50:50 partnership between the government of the Republic of Namibia and De Beers Centenary AG), which is the largest marine diamond deposit in the world. ML 47 is currently producing in excess of 1.1 million carats per year.
On another matter, Afri-Can has received approval from the TSX Venture Exchange for the National Instrument 43-101-compliant qualifying report submitted by VP3 Geological Services (Pty.) Ltd. of South Africa. The report can be viewed on SEDAR or on the company’s website.
