Afri-Can Marine Minerals Reports 868,000 Carats Historical Diamond Resource on Diamond Fields Mining Lease ML 111

Diamond Investing

Afri-Can Marine Minerals Corporation (TSXV:AFA) released a historical estimate report stating that the Historical Estimate remaining on Diamond Fields International Ltd Mining Lease 111 is of 868,000 carats of diamonds. The analysis estimated the remaining Historical Estimate from two reports: a resource estimate and a feasibility study prepared by MRDI and AGRA-Simons in 2000, and a resource estimate prepared by SRK Consulting on a small area of ML 111 called Diaz Prospect 1, in 2006.

As quoted in the press release:

The Historical Estimate report summary is as follows:
• The analysis has estimated the remaining Historical Estimate from the two following reports:
• A resource estimate and a feasibility study prepared by MRDI and AGRA-Simons in 2000;
• A resource estimate prepared by SRK Consulting on a small area of ML 111 called Diaz Prospect 1, in 2006;
• ML 111 has 3 geological features that host Historical Estimates;
• Marshall Fork is the main deposit that has seen intermittent production between 2001 and 2007, and the Historical Estimate remaining in Marshall Fork stands at about 148,000 carats;
• Diaz Reef has seen some small scale production and the Historical Estimate remaining there stands at about 479,000 carats;
• North Bay is composed of 3 deposits, has never been in production, and the Historical Estimate remaining stands at about 241,000 carats.

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