Afri-Can Marine Minerals Corp. has completed its initial diamond sampling program on the EPL 3403 marine diamond concession in Namibia and the sampling vessel is back in the port of Luderitz. The sampling program begins the delineation of diamond potential of the southern portion of EPL 3403, and investigation of diamond presence and areas of possible diamond concentration in the northern region.
The program has successfully extracted 350 samples of five square metres each. Results of the program will be disclosed once the diamonds are weighed by officials from the Ministry of Mines and Energy of Namibia.
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 Corp. 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.
