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Afri-Can to Start Sampling EPL 3403 in November

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Afri-Can Marine Minerals Corporation (AFA.V) has signed a charter agreement for the vessel mv DP The Explorer with International Mining and Dredging Holding Ltd. to carry out a diamond-sampling program on the Exclusive Prospecting Licence 3403 Marine Diamond Concession in Namibia.

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.

AFA has jumped nearly 7% to 16 cents in moving further away from year low 10 cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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