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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Post by Oilseekeron Mar 25, 2010 9:49am
289 Views
Post# 16922486

Before April 14

Before April 14Afri-Can Reports on Start of Diamond Sampling on Block J in Namibia

MONTREAL, QUEBEC, Mar 25, 2010 (Marketwire via COMTEX News Network) --

Afri-Can Marine Minerals Corporation (TSX VENTURE:AFA)(FRANKFURT:AJF) ("Afri-Can") has been informed by International Mining and Dredging Holding Ltd ("IMDH") that a deficiency has been identified with the umbilical compensation system and the umbilical cable on the sampling vessel DP The Explorer. The umbilical cable transmits power and communicates operational instructions to the sampling tool. The umbilical cable will be replaced and the speed of the umbilical compensation system will be adjusted. Afri-Can and IMDH have agreed to start the sampling program on Block J on or about April 14th, 2010.

The sampling program on Block J will cover Features 6, 8, 17 and 19 covering seven Geological Zones and will comprise a total of 332 samples. Of these, 271 are sited within delineated targets covering 19.6 square kilometres. The remaining 61 samples are designed to test geological formations that are thought to be potentially diamond bearing, but have not yet been proved as such. Approximately 22 square kilometres will be examined by future programs of detailed geophysics, vibracoring, and evaluation sampling. The aim of the complete surveying and sampling program is to delineate diamond resources on Afri-Can's Block J marine diamond concession in Namibia in compliance with National Instrument 43-101.

Afri-Can holds a 70% interest in Block J through a joint venture agreement with the licensee, Woduna Mining Holdings (Pty) Ltd.

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