Afri-Can Marine Minerals Corp. completed its geophysical survey on exclusive prospecting licence (EPL) 3403 marine diamond concession in Namibia on May 14, 2012.
The geophysical survey has covered 1,251 line kilometres over an area of 90 square kilometres in the south end of EPL 3403. The survey has included depositional areas 1, 2 and 3 already delineated by previous sampling programs.
The survey data were consistently of very high resolution and quality and will enable Afri-Can to develop cross-section maps and three-dimensional models of the depositional areas. The geology, morphology and stratigraphy of the south end of EPL 3403 will be analyzed in preparation for the second sampling phase. The goal of the geophysical survey and second sampling phase is to start delineating resources on depositional areas 1 and 2 in anticipation of trial mining.
Interpretation and analysis of the geophysical survey data are expected to take about one month, and results will be disclosed when available.
Leonard Gardner (SACNASP) is responsible for the technical part of this press release and is the designated qualified person under the terms of National Instrument 43-101.
EPL 3403 covers approximately 800 square kilometres and is adjacent to and contiguous with 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 currently produces in excess of 1.1 million carats per year.
