RE: Sampling now 25 daysSo in order to conclude by adding the info from this article to what Mr Leveille just recently replyed to via email we then get the following future schedule for AFA:
"we are currently carrying out a sampling program on our new concession EPL3403 and the results will be published in the coming month."
"We have made an agreement to acquire EPL 3403 and we are currently sampling it with the goal to follow up with a second sampling within 3 to 4 months after completion of the first round."
comment - that is a second sampling at EPL 3403 possibly by August
"The first sampling has been very positive and has proven presence of diamonds. We now go back to where we have seen the deposits and explore and prospect for the next six months, and then with that completed we can probably envisage trial mining during the last quarter of 2011. From trial mining we switch to commercial mining."
"We discovered a profitable diamond deposit at Block J, which we will go back and mine, some 250km north of EPL 3403, in an area where diamonds were discovered for the first time. The diamonds are known to be smaller, but the resources there still have the potential to be over 1 million carats. We'll do trial mining after first exploration phase on EPL 3403. Potential to be over 1 million carats.
- Comment trial mining at Block J after first exploration phase on EPL 3403. Could this mean after first or second sampling or possibly trial mining at EPL 3403?
So the company's plans to seek a secondary listing on the JSE – its primary listing is on the Toronto Stock Exchange's Venture exchange where is has been listed since 1986 - seems a natural step.
The listing, he says, will likely be in the second half of 2011, as it takes some time to prepare.
In short:
- First sampling of EPL3403 finalized before the end of April- Results of sampling will be made public in May- Second sapling of EPL3403 to start possibly by August- Secondary listing on the JSE second half of 2011- Trial mining of EPL3403 last quarter 2011- Trial mining of Block J after the first exploration phase of EPL3403