Afri-Can Marine Minerals Corporation (TSXV:AFA) announced that its sampling program has confirmed the potential, and validates the planned acquisition of Exclusive Prospecting Licence 3403 marine diamond concession in Namibia. In a summary of the first phase of its sampling program completed on December 16th, 2012, the program successfully extracted 222 samples of 5 square metres each and recovered 17 diamonds weighing between 0.05 and 0.75 carats for a total weight of 4.55 carats.
As quoted in the press release:
The sampling program has greatly increased our understanding of the geology in certain regions. It also confirms the potential and validates the planned acquisition of EPL 3403, which warrants a second sampling phase and the start of planning for trial mining on certain areas.