Afri-Can Marine Minerals completed a marine geophysical survey of Block J offshore Namibia, collecting 950 line kilometres of data to define diamond sampling targets.
Afri-Can Marine Minerals reported a fiscal 2000 net loss of $424,503, down from $6,119,507 in fiscal 1999, after consolidating Namibian marine diamond concessions.
Afri-Can Marine Minerals has completed aerial and marine geophysical surveys of block B and begun a geophysical survey of block J, both north of Luderitz, Namibia.
Afri-Can has contracted Marine & Coastal Geoscience to run a $290,000, three-week geophysical survey covering 1,750 line-kilometres across the Woduna (block J) and Together Quando (block B) concessions starting Dec. 5.
Afri-Can Marine closed a $550,000 private placement of two million units at 25 cents each to fund exploration on its Woduna and Together Quando concessions.
Afri-Can completed a $500,000 private placement of 1,666,667 units at 30 cents each to fund geophysical surveys on its Woduna and Together Quando diamond concessions.