Afri-Can Marine received a final report on its October 2002 sampling program on block J offshore Namibia, confirming diamond mineralization and recommending further sampling in 2003.
Namibian placed two subsidiaries, Namco Holdings SA and Namco Maritime, into provisional liquidation after LL Mining BV withdrew financial support amid failed talks with senior lenders.
Afri-Can Marine recovered 84 gem quality diamonds weighing 11.4 carats and discovered a new mineralized area during phase 2 sampling of its block J concession in Namibia.