With a final payment of $125,000 to its Australian partner, Woduna Mining Holding,
Afri-Can did so under a deal that allowed it to buy 10% tranches for instalments of $125,000 each, up to a total controlling interest of 70%. Woduna’s interest has shrunk to 30%.
Afri-Can has hired Gemfarm Investments to complete a US$42,000 follow-up program on the block in mid-October. The work, aimed at exploring the Paleo-Surf zone of feature 8, will be carried out from the deck of the 1,054-tonne MV Lady-S. The vessel is equipped with a 50-tonne-per-hour dense-media-separation plant, a 1,000-tonne-per-hour, 60-cm airlift, and a powerful jetting system.
Gemfarm will collect at least eighty 10-sq.-metre samples and two 100-sq.-metre samples. The results should provide data for an inferred resource calculation and a preliminary indication of potential mining economics, as well as determine the extent and continuity of mineralization.
Last year, 338 reconnaissance samples collected from Block J by the marine division of
Feature 8 lies beneath 125 metres of seawater and covers 11.7 sq. km. The feature includes about 2 sq. km of weakly cemented diamondiferous conglomerate.
In all, Block J covers 994 sq. km of seafloor in waters as deep as 167 metres. The block contains 17 features, eight of which tested have proved diamondiferous.
The Block J project is near a concession owned by
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