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Afri-can Marine Minerals fka AFA RSS Feed

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www.Afri-Can.com The Play - Diamond stock AFA.V is speculative mineral play that has a large number of claims in the South Africa region off the coast Nanibia. The management team has a proven track record in this business. One of them, Mr. Foster used to work for De Beer. The company has been planning the project for over 7 years and intend to find huge diamond deposits.Valuation could go up to $2.00 Share Structure Issued: 118,646,434 Fully Diluted: 133,668,496 Transfer Agent-Computershare Corporate Contacts: North American Office: 201-4444 Ste-Catherine St. W. Westmount (Quebec) Canada H3Z 1R2 Tel: 514 846 2133 Toll Free: 888 666 3431 Fax: 514 846 1435 Email:info@Afri-Can.com Corporate Profile: Afri-Can Marine Minerals Corp. (“Afri-Can”) is a Canadian exploration and development company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia. Afri-Can is one of the largest marine diamond concession holders in the area with interests in 25 exploration licenses, covering 23,500 square kilometers. The northern concession is located near Luderitz and the southern concessions are located near the mouth of the Orange River. The Corporation's large and prospective license holdings, together with its growth strategy, place it as the partner of choice for Namibian Empowerment Groups. click for PDF version Afri-Can’s northern concession, the Woduna (Block J) concession area, is adjacent to a region where Marine & Coastal has estimated inferred diamond resources exceeding 4.25 million carats. The Woduna (Block J) concession area represents Afri-Can’s near-term production potential. Analysis of the combined data from both phase 1 and phase 2 sampling programmes by the Afri-Can technical team concluded that the diamondiferous nature of Feature #8, has been confirmed, and the extent of the mineralization has been well defined within the area sampled. Follow-up phase 3 sampling is designed to determine the continuity of mineralization along and across the features, establish sufficient quantitative data to support an inferred resource and establish preliminary data on potential mining economics. Afri-Can has discovered and delineated two large marine diamond deposits close to major deposits producing in excess of 900,000 carats a year. Valuation for AFA => http://www.investorshub.com/boards/read_msg.asp?message_id=19424715
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