Afri-Can Marine Minerals received a final report on its December 2001 sampling program on Block J, Namibia, confirming diamonds across three features totalling 10 million square metres.
Namibian Minerals Corporation reported a $56-million net loss and diamond production of 85,589 carats for the year ended Dec. 31, 2001, following an operational accident and provisional liquidation.
Afri-Can Marine Minerals reported that De Beers Marine recovered 23 gem-quality diamonds totaling 4.65 carats from 338 samples on the Block J concession offshore Namibia.
Afri-Can Marine Minerals reported a first-quarter fiscal 2002 net loss of $223,123, up from $120,327 a year earlier, for the period ended Nov. 30, 2001.