Afri-can Marine Minerals Corporation

Published : October 31st, 2012

TO START SAMPLING EPL 3403 IN NOVEMBER

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Keywords :   Diamond | Namibia |
 

 

October 31, 2012, Montreal, Qu�bec Symbol: TSX.V: AFA
Press release � for immediate distribution Shares outstanding: 83,277,864
 
AFRI-CAN TO START SAMPLING EPL 3403 IN NOVEMBER
 
Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX Venture: AFA) has signed a charter agreement for the vessel mv DP The Explorer with International Mining and Dredging Holding Ltd. (�IMDH�) to carry out a Diamond-sampling program on the Exclusive Prospecting Licence (�EPL�) 3403 Marine Diamond Concession in Namibia.  The program is expected to start on or about November 25th, 2012, and will last for at least 14 days and extract a minimum of 250 samples.
The priorities of the program are to begin delineation of the Diamond potential and inferred resources in targeted areas of the diamondiferous features already identified in the southern portion of EPL 3403. The program will also include some exploratory samples in new target areas delineated by the recent geophysical survey. Details of the program will be disclosed in a separate press release.

The mv DP The Explorer is an efficient, dedicated sampling vessel, which can sample down to depth of 250 metres and extract up to 21 samples per day. The sample size is 5 square metres, and the sampling tool can work through up to 12 metres of overburden.
EPL 3403 covers approximately 800 square kilometres and is adjacent to the north of the Atlantic One Mining Lease (�ML�) 47 owned by Namdeb Diamond Corporation (Pty) Limited, a 50:50 partnership between the Government of the Republic of Namibia and De Beers Centenary AG (see attached map). ML 47 is the largest marine Diamond deposit in the world and is currently producing in excess of 1,100,000 carats per year.
 
About Afri-Can Marine Minerals Corporation
Afri-Can is a Canadian company, actively involved in the acquisition, exploration and development of major properties in Namibia. Afri-Can's creative and scientific approach targets large marine Diamond deposits in prospective territories.

This press release contains certain "forward-looking statements," as identified in the Afri-Can's periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
 
FOR MORE INFORMATION CONTACT:
Pierre L�veill�, President & CEO;
Bernard J. Tourillon, Executive V.P. and CFO
TEL: (514) 846-2133 FAX: (514) 372-0066
TOLL FREE North America: 1 (866) 206-7475
E-MAIL: info@afri-can.com - WEB SITE: www.afri-can.com
 

Data and Statistics for these countries : Namibia | All
Gold and Silver Prices for these countries : Namibia | All

Afri-can Marine Minerals Corporation

EXPLORATION STAGE
CODE : AJF.F
ISIN : CA0082782024
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Afri-can Marine is a exploration company based in Canada.

Afri-can Marine holds various exploration projects in Namibia.

Its main exploration property is BLOCK J in Namibia.

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Financings of Afri-can Marine Minerals Corporation
7/18/2013July, 18, 2013, AFRI-CAN MARINE ANNOUNCES A PRIVATE PLACEMEN...
6/28/2013ANNOUNCES A PRIVATE PLACEMENT
8/22/2012CLOSES FINAL TRANCHE OF FINANCING FOR $1.3 MILLION
7/29/2011HAS CLOSED A PRIVATE PLACEMENT
Nominations of Afri-can Marine Minerals Corporation
11/21/2013announces appointment to the Board of Directors
Project news of Afri-can Marine Minerals Corporation
9/11/2013868,000 CARATS HISTORICAL DIAMOND RESOURCE ON DIAMOND FIELDS
3/14/2013COMPLETES ACQUISITION OF 20% INTEREST IN EPL 3403 IN NAMIBIA
1/31/2013SAMPLING CONFIRMS THE POTENTIAL AND VALIDATES THE PLANNED AC...
11/7/2012GEOPHYSICAL SURVEY DELINEATES NEW TARGETS ON EPL 3403 MARINE...
2/15/2012RECEIVES APPROVAL FOR THE ACQUISITION OF 20% OF EPL 3403 MAR...
3/16/2011CHARTERS SAMPLING VESSEL AND RECEIVES 43-101 APPROVAL
Corporate news of Afri-can Marine Minerals Corporation
1/23/2014ANNOUNCES POSITIVE PRE-FEASIBILITY STUDY ON MINING LEASE
12/5/2013REACHES AGREEMENT FOR DEVELOPMENT AND MINING OF DIAMOND FIEL...
10/1/2013discloses 43-101 resources on DFI mining leases
3/21/2013OPTIONS DIAMOND FIELDS MINING LEASES OFF THE COAST OF NAMIBI...
10/31/2012TO START SAMPLING EPL 3403 IN NOVEMBER
7/4/2012COMMON SHARES WILL START TRADING ON A CONSOLIDATED BASIS ON ...
6/4/2012SHARE CONSOLIDATION APPROVED BY SHAREHOLDERS
5/17/2012COMPLETES GEOPHYSICAL SURVEY ON EPL 3403 MARINE DIAMOND CONC...
5/3/2012STARTS GEOPHYSICAL SURVEY ON EPL 3403 MARINE DIAMOND CONCESS...
4/20/2012TO START GEOPHYSICAL SURVEY ON EPL 3403 MARINE DIAMOND CONCE...
2/28/2012Deep-South signs option agreement to earn 60% of Zebrafontei...
8/17/2011Deep-South and Afri-Can to list the remaining 30% through a ...
7/13/2011RB MILSTONE INITIATE COVERAGE ON AFRI-CAN MARINE
5/10/2011SAMPLING RECOVERS LARGE DIAMONDS FROM EPL 3403 IN NAMIBIA
3/28/2011BEGINS SAMPLING PROGRAM AND CLOSES PRIVATE PLACEMENT
3/23/2011DISCLOSES SAMPLING PROGRAM DETAILS AND SCHEDULE
2/12/2010Reports on Start of Diamond Sampling Program on Block J in N...
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