Afri-Can Completes Sampling Program on EPL 3403 in Namibia4/20/2011 9:47:54 AM - Market Wire
MONTREAL, QUEBEC, Apr 20, 2011 (MARKETWIRE via COMTEX News Network) --
Afri-CanMarine Minerals Corporation ("Afri-Can") (TSX VENTURE: AFA) announcesits initial diamond sampling program on the EPL 3403 Marine DiamondConcession in Namibia is complete, and the sampling vessel is back inthe port of Luderitz. The sampling program begins the delineation ofdiamond potential of the Southern portion of EPL 3403, and investigationof diamond presence and areas of possible diamond concentration in theNorthern region.
The program has successfully extracted 350samples of 5 square metres each. Results of the program will bedisclosed once the diamonds are weighed by officials from the Ministryof Mines and Energy of Namibia.
EPL 3403 covers approximately 800square kilometres and is adjacent to the north of the Atlantic OneMining Lease ("ML") 47 (owned by Namdeb Diamond Corporation (Pty)Limited, a 50:50 partnership between the Government of the Republic ofNamibia and De Beers Centenary AG), which is the largest marine diamonddeposit in the world (see map athttps://media3.marketwire.com/docs/afaa0420_map.pdf). ML 47 is currentlyproducing in excess of 1,100,000 carats per year.
Shares outstanding: 222,714,984
About Afri-Can Marine Minerals Corporation
Afri-Canis a Canadian company, actively involved in the acquisition,exploration and development of major mineral properties in Namibia.Afri-Can's creative and scientific approach targets large marine diamonddeposits in prospective territories.
This press release containscertain "forward-looking statements," as identified in the Afri-Can'speriodic filings with Canadian Securities Regulators that involve anumber of risks and uncertainties. There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents could differ materially from those anticipated in suchstatements. Neither the TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease.
Contacts:
Afri-Can Marine Minerals Corporation
Pierre Leveille
President & CEO
514-846-2133 or TOLL FREE North America: 1-866-206-7475
514-372-0066 (FAX)
info@afri-can.com
Afri-Can Marine Minerals Corporation
Bernard J. Tourillon
Executive V.P. and CFO
514-846-2133 TOLL FREE North America: 1-866-206-7475
514-372-0066 (FAX)
info@afri-can.com
SOURCE: Afri-Can Marine Minerals Corporation
mailto:info@afri-can.com mailto:info@afri-can.com
Copyright 2011 Marketwire, Inc., All rights reserved.