Afri-Can Marine: Encouraging Drill Results From Haib Copper Project, Namibia-Shanghai Metals Market

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Afri-Can Marine: Encouraging Drill Results From Haib Copper Project, Namibia

Industry News 10:32:57AM Nov 30, 2010 Source:SMM

MONTREAL, QUEBEC, Nov 29, 2010 (MARKETWIRE via COMTEX) -- Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX VENTURE: AFA), reports assay results from the recently completed nine-hole drilling program totaling 5,000 metres carried out by Teck Namibia Limited ("Teck"), a wholly owned subsidiary of Teck Resources Limited, on the Haib copper project. The Haib project is located in the Karas region of southern Namibia, 8 km from the Orange River and the South African border and is a classic porphyry copper-molybdenum deposit hosted within quartz-feldspar porphyry.

The deposit was drilled in the 1970's but most of the historic holes were shallower than approximately 400 metres depth and many of these holes ended in well-mineralized rock. Five of the nine drill holes from the current program (holes 5 to 9) were designed to test the extent of porphyry mineralization at depth. The other four holes (holes 1 to 4) tested newly identified targets that had not previously been drill tested. One goal of the drilling program was to identify higher-grade zones that could increase the overall average grade of the deposit.

 

Afri-Can Marine: Encouraging Drill Results From Haib Copper Project, Namibia

Industry News 10:32:57AM Nov 30, 2010 Source:SMM

MONTREAL, QUEBEC, Nov 29, 2010 (MARKETWIRE via COMTEX) -- Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX VENTURE: AFA), reports assay results from the recently completed nine-hole drilling program totaling 5,000 metres carried out by Teck Namibia Limited ("Teck"), a wholly owned subsidiary of Teck Resources Limited, on the Haib copper project. The Haib project is located in the Karas region of southern Namibia, 8 km from the Orange River and the South African border and is a classic porphyry copper-molybdenum deposit hosted within quartz-feldspar porphyry.

The deposit was drilled in the 1970's but most of the historic holes were shallower than approximately 400 metres depth and many of these holes ended in well-mineralized rock. Five of the nine drill holes from the current program (holes 5 to 9) were designed to test the extent of porphyry mineralization at depth. The other four holes (holes 1 to 4) tested newly identified targets that had not previously been drill tested. One goal of the drilling program was to identify higher-grade zones that could increase the overall average grade of the deposit.