Afri-Can Marine Minerals Corporation
TSX VENTURE : AFA

Afri-Can Marine Minerals Corporation

April 20, 2011 09:46 ET

Afri-Can Completes Sampling Program on EPL 3403 in Namibia

MONTREAL, QUEBEC--(Marketwire - April 20, 2011) - Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX VENTURE:AFA) announces its initial diamond sampling program on the EPL 3403 Marine Diamond Concession in Namibia is complete, and the sampling vessel is back in the port of Luderitz. The sampling program begins the delineation of diamond potential of the Southern portion of EPL 3403, and investigation of diamond presence and areas of possible diamond concentration in the Northern region.

The program has successfully extracted 350 samples of 5 square metres each. Results of the program will be disclosed once the diamonds are weighed by officials from the Ministry of Mines and Energy of Namibia.

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), which is the largest marine diamond deposit in the world (see map at http://media3.marketwire.com/docs/afaa0420_map.pdf). ML 47 is currently producing in excess of 1,100,000 carats per year.

Shares outstanding:222,714,984

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. 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.

Contact Information

  • Afri-Can Marine Minerals Corporation
    Pierre Leveille
    President & CEO
    514-846-2133 or TOLL FREE North America: 1-866-206-7475
    514-372-0066
    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
    info@afri-can.com