Monday, October 3, 2022

Tsodilo gets further extension to search for diamonds

Tsodilo Resources Limited has received a two year renewal licence to continue to search for diamonds in the prolific Boteti area, home to quality gems. 

The company on Monday disclosed that the Ministry of Mineral Resources, Green Technology and Energy Security has granted the renewal of Prospection License 369/2014 for a two-year period commencing October 1, 2021. 

The license area contains the miner’s BK16 kimberlite project, the diamondiferous kimberlite pipe located within the Orapa Kimberlite Field, and known to contain rare and valuable Type IIa diamonds. BK16 is located 37 kilometers (km) east-southeast of the Orapa Diamond Mine AK01, 25 km southeast of the Damtshaa Diamond Mine, and 13 km north-northeast of the Letlhakane Diamond Mine, all operated by Debswana and 28 km east-northeast from Lucara Diamond Corporation’s Karowe Mine (AK6). 

The Orapa Kimberlite Field has produced such notable diamonds as the 1,109 carat ‘Lesedi La Rona’ and the 813 carat ‘Constellation’ from Lucara Diamond Corporation’s Karowe (AK6) mine.

“We are pleased that the MMGE has renewed the BK16 license which will allow us to move into our Phase II evaluation program which will be a surface bulk sample of 20,000 tonnes of kimberlite which will enhance the work already undertaken and increase confidence in the value of the diamonds and grade as we move closer to developing this asset, ” said Tsodilo’s Chairman and CEO, James M. Bruchs,”

The junior explorer has already completed Phase 1 bulk sampling program, which has demonstrated the potential of BK16 kimberlite to host high value diamonds between $281 to $792 per carat, and they have successfully confirmed the presence of Type IIa diamonds where 3.8 percent of the diamonds were identified as of that type. Moreover, the sampling exercise has confirmed the potential of BK16 to host large special stones of more than 10.8 carats.

Tsodilo Resources Limited is  engaged in the search for economic diamond, metal deposits and industrial stone at its Bosoto, Gcwihaba and Newdico projects in Botswana. The company has a 100 percent stake in Bosoto which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) and the PL216/2017 diamond prospection license also in the OKF. 

The company holds 90 percent stake in its Gcwihaba project area consisting of seven metal (base, precious, platinum group, and rare earth) prospecting licenses all located in the North-West district, and 100 percent interest in its Newdico industrial stone project located in the Central district.


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