Diamond Fields International Ltd. is terminating its agreement with Afri-Can Marine Mineral Corp. (AFA) regarding the company’s Namibian marine diamond concessions (see press release dated March 21, 2013). The company will now develop the properties independently and is planning a resource development program with the aim of recommencing mining before the end of 2015. DFI expects the first marine survey work to commence in October, 2014.
Ian Ransome, president and chief executive officer of DFI, stated: “We have identified a number of potential resource targets on the concessions, which we now intend to fully explore. We are extremely excited about the future prospects for this project.”
