GJ Town India

Botswana Diamonds receives permission to sell Diamonds recovered from Thorny River The Botswana Diamonds, associate Vutomi, received permission to sell diamonds recovered during bulk sampling at their Thorny River project. Untill, 256 carats of rough diamonds had been recovered. The sale of diamonds from bulk sampling will enable funding of further development by Vutomi. Sequence of bulk sampling site being worked, Consent received for the sale of diamonds, Sale of diamonds will fund further exploration activity and Mining Permit application accepted for coveted portion of the contiguous Marsfontein farm! Trenching by Botswana Diamonds has identified a ‘hotspot’ at Thorny River with a thick kimberlite intersection of four metres wide, suggesting a kimberlite blow.  256 carats of rough diamonds have already been recovered from re-commissioning the processing plant.  The bulk sampling programme will generate short-term cash flow, whilst building the mineral r...

Botswana Diamonds signs the Thorny River Project According to the John Teeling, Chairman, Botswana Diamonds PLC the AGM remain fruitful. At the Botswana Diamonds plc AGM, which was held in London earlier today, all resolutions were duly passed. Highlights of comments made by James Campbell, Managing Director, following the formal business of the AGM are highlighted below:   1: Negotiations with a new joint venture partner, who is a major producer, are far advanced in The Sunland joint venture covering Botswana.  This follows the planned exit of Alrosa, and completion of the 2018 work programme which identified high potential drill targets in the Kalahari by Botswana Diamonds’ geologists. 2: A draft Prospectus has been compiled by the liquidators of BCL on the Maibwe joint venture in the Kalahari Desert. BCL intend to sell their interest. 3: A royalty mining agreement has been signed on the Thorny River Project in South Africa.  This will allow early ge...

Thorny River could be the first diamond producing project for Botswana Diamonds According to the Botswana Diamonds the Thorny River project in South Africa is on development spree!  A mining contract has been concluded with Palaeo Minerals Pty Limited & that will enable the Company to self-fund the Thorny River project from bulk sampling through to mine development, assuming positive results.   Modelled diamond grades and value ranges were reported in February 2018 the annual benefits of the contract over the 3 to 6 year mine life of Thorny River could potentially be between US$2 to US$7 million annually. John Teeling, Chairman, commented, “We are confident that Thorny River could be the first diamond producing project for Botswana Diamonds.  A royalty bulk sampling / mining model means that we have no capital expenditure apart from a limited in-fill drilling programme in early-2019. We anticipate the award of the necessary regulatory ...