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RAPAPORT... Afri-Can Marine Minerals Corporation completed its National Instrument 43-101 report on Diamond Fields International Ltd.'s mining lease 111, providing official estimates for diamond resources, 413,000 carats of which were listed in the indicated category and 453,000 carats of which were categorized as an inferred resource. The lease covers 312 square kilometers off the coast of Namibia. A portion of the indicated resource, or about 255,000 carats, will undergo trial mining next. Since Afri-Can did not conduct a feasibility study on that particular resource, it is uncertain whether the trial mining program will prove to be economic, according to the firm. Mining lease 111 hosts three geological features. Marshall Fork is the main deposit and was the target of intermittent production between 2001 and 2007. The Diaz Reef has experienced only small-scale production and North Bay is comprised of three untouched deposits, according to the report. Indicated resources across these three areas represent a grade of 0.17 carat per square meter and the remaining inferred resource represent a grade of 0.15 carat per square meter. Afri-Can Marine Minerals stated that part of the remaining indicated resource on Marshall Fork and Diaz Reef has mining potential, and a preliminary feasibility study and mine management planning project are being prepared to quantify the project's economic potential. This work could result in reclassifying some of the indicated resources as probable reserves. The remaining inferred resources will undergo further sampling programs in order to enhance the resources assigned to the indicated category.
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