Botswana Diamonds says pair of licences covering Kalahari Desert renewed for further two years

Writer, Stock Market Wire
Thursday, August 22, 2019 - 09:20

Botswana Diamonds said a pair of exploration licences held by the company's subsidiary Sunland Minerals had been renewed for an additional two years to 30 September 2021.

Licences PL232 and PL235, covering just over 500sq kms and located in the central Kalahari Desert, indicated proximity to kimberlite pipes, which regional geology suggested may be attractive in size and grade, the company said.

'Botswana Diamonds had already identified prospective drill ready targets. The intensive work included aeromagnetic surveys, ground magnetic surveys, soil sampling and target selection,' it added.

At 9:20am: (LON:BOD) Botswana Diamonds PLC share price was +0.02p at 0.51p


Related content

Botswana Diamonds losses widen on writedown of exploration assets

Botswana Diamonds reported wider losses as costs jumped amid a writedown of exploration assets after some licences held in its subsidiary Sunland Minerals were relinquished....

Fri, 15/11/2019 - 10:04


Botswana Diamonds recovers first gems from Marsfontein mining permit

Botswana Diamonds said the first diamonds had been recovered from plant commissioning activities on the Marsfontein mining permit in South Africa.

The gems came from...

Tue, 12/11/2019 - 13:05


Botswana Diamonds' associate Vutomi Mining granted permit for Marsfontein mine

Botswana Diamonds said its associate Vutomi Mining had been granted a mining permit for the Marsfontein mine.

Vutomi had partnered with Eurafrican Diamond Corporation...

Mon, 28/10/2019 - 09:54


Botswana Diamonds identifies drilling targets at Thorny River play in South Africa

Botswana Diamonds said it had identified what it believed to be kimberlite pipes, buried at shallow depth, at its Thorny River project in South Africa....

Mon, 02/09/2019 - 14:02


Botswana Diamonds welcomes gem recovery at Thorny River project in Limpopo

Botswana Diamonds said associate Vutomi, of which it owns 40%, had received permission to sell diamonds recovered during bulk sampling at their Thorny River project...

Tue, 11/06/2019 - 13:28