Afri-Can Marine Minerals Corporation

Afri-Can Marine Minerals Corporation

April 20, 2010 09:58 ET

Afri-Can Will Start Diamond Sampling on Block J in Namibia

MONTREAL, QUEBEC--(Marketwire - April 20, 2010) - Afri-Can Marine Minerals Corporation (TSX VENTURE:AFA)(FRANKFURT:AJF) ("Afri-Can") has been informed by International Mining and Dredging Holding Ltd ("IMDH") that the umbilical cable on the sampling vessel DP The Explorer has been changed and that the umbilical compensation system has been successfully tested at sea. The umbilical cable transmits power and communicates operational instructions to the sampling tool. The vessel will return to the port of Luderitz on Friday, April 23th. Afri-Can and IMDH have agreed to start the sampling program on Block J on April 24th, 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.

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 unexplored prospective territories.

This press release contains certain "forward-looking statements," as identified in Afri-Can's periodic fillings 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.

Shares outstanding: 177,887,484

Neither 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.

Contact Information

  • Afri-Can Marine Minerals Corporation
    Pierre Leveille
    President & CEO
    514-846-1435 (FAX)
    Afri-Can Marine Minerals Corporation
    Bernard J. Tourillon
    Executive V.P. and CFO
    514-846-1435 (FAX)