GJ Town India

Botswana Diamonds to determine the mining potential Botswana Diamonds (BOD) said, that a preliminary kimberlite assessment has been completed on its Thorny River diamond prospect in South Africa. Projected kimberlite volume significantly increased to an estimated 2 million tonnes. Economic study of mining options initiated. Four further potential blow targets identified: potential to further increase kimberlite volume.   John Teeling, chairman, commented: “The estimated kimberlite volume in the River area is considerably better than expected. Botswana Diamonds will now determine the mining potential.  Let me put this in context. The 2 million tonnes is almost twice the size of the nearby Marsfontein deposit. We have identified other small potential blows which could further increase the kimberlite volume. This enhances the potential in developing a hub and spoke-mining project”. The projected volume of kimberlitic material in the River, River Extension and in the immediate...

BOD Cooperation agreement to fast-track Botswana diamond exploration!   Botswana Diamonds (BOD), announce that it has entered into a cooperation agreement to fund exploration of its prospecting licence assets in Botswana with Diamexstrat Botswana Pty Ltd (DESB), which in turn has an alliance agreement with Burgundy Diamond Mines Limited. BOD’s prospecting assets comprise the recently acquired Sekaka Diamonds Exploration Pty Ltd database and Prospecting Licenses, as well as the Prospecting Licences held by BOD’s subsidiary, Sunland Minerals Pty Ltd.   DESB can earn up to a 70% interest in BOD’s Botswana Sunland Minerals and Sekaka’s Prospecting Licences BOD can earn a 15% interest in Prospecting Licences held by DESB (and partners) on the first US$1.5m spent on exploration by DESB where BOD’s database assists in the discovery of a primary kimberlite.   On 3rd party Prospecting Licences where targets are identified in BOD’s database, a joint earn-in will be negotiated a...

Botswana Diamonds satisfies acquisition norms! Completion expected on or around 20th November 2020   Botswana Diamonds (BoD), announces that all the Conditions Precedent for the acquisition of Sekaka Diamonds Pty Ltd, as previously announced on 20th July 2020, have now been satisfied.. . Sekaka’s Prospecting License which holds the KX36 high-grade kimberlite pipe has also been extended for a further two years to 30th September 2022.   The transaction has been approved by Petra’s lenders and note holders as well as by the Botswana Minister of Mineral Resources, Green Technology and Energy Security.   Sekaka was Petra’s exploration vehicle in Botswana and holds three Prospecting Licenses in the Central Kalahari Game Reserve (Kalahari) in Botswana, PL169/2019, PL058/2007 and PL224/2007, which includes the high grade KX36 kimberlite pipe. The acquisition also includes an extensive database, built up over 15 years of exploration. KX36 is a 3.5Ha kimberlite pipe, discov...

  Precision geophysics to zero-in on priority drilling targets   Botswana Diamonds (BoD), announce that it has commenced a precision ground geophysics programme to zero-in on potential kimberlite pipes on the prospective Marsfontein and Thorny River properties. The company is focusing on four high-potential targets to finalise early drilling, 1. The largest and most prospective of the anomalies generated by UK group Subterrane’s recent detailed assessment.  Geophysics will confirm potential targets for November drilling. 2. An assessment by Canadian group Terra modelling  Services identified a further anomaly where geophysics will also confirm a target for November drilling.  3. New Marsfontein anomalies (M9 and M17) which were identified by reviewing historic data.  Our own detailed geophysical survey is required to accurately geo-reference the targets for drilling in November.  4. Two thick intersections on Frischgewaagt suggest multiple kimberlite...