Afri-Can Minerals completes surveys in Namibia (January 15, 2001)

Montreal-based Afri-Can Marine Minerals (AFA-M), formerly known as Nora Exploration, has completed aerial and marine geophysical surveys of blocks J and B at its marine diamond concession north of Luderitz, Namibia.

Afri-Can says three prominent areas may have a potential for diamond entrapment: a nearshore, 8-sq.-km sedimentary deposit; various bedrock trap sites within a 30-sq.-km area; and shallow depressions in a 10-sq.-km area extending from the coastline to 2 km offshore.

While the findings are based solely on digital side-scan sonar imagery, Afri-Can’s South African-based contractor, Marine & Coastal Geosciences, will also complete bathymetric and seismic interpretations within two months.

The next exploration phase will entail sampling targets.

Afri-Can has also begun a geophysical survey of the nearby block J and intends to collect 950 line-km of high-resolution geophysical data.

In November 2000, Afri-Can closed a private placement of 2 million units priced at 25 apiece, with each unit consisting of a share and a warrant entitling the bearer to buy another share for 36 over 18 months.

Print

Be the first to comment on "Afri-Can Minerals completes surveys in Namibia (January 15, 2001)"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close