Afri-Can to Start Sampling EPL 3403 in November
MONTREAL, QUEBEC -- (Marketwire) -- 10/31/12 -- 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
About Afri-Can Marine Minerals Corporation
Afri-Can is 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
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.
Figure of EPL3403 is available at the following link:
Shares outstanding: 83,277,864
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.
Pierre Leveille, President & CEO
Bernard J. Tourillon, Executive V.P. and CFO
TOLL FREE North America: 1 (866) 206-7475
(514) 372-0066 (FAX)
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