1st Apr 2020 10:34
(Alliance News) - Botswana Diamonds PLC has been granted six new prospecting licences in Botswana, it said on Wednesday.
Shares were 32% higher on Wednesday morning in London at a price of 0.60 pence each.
The three-year licences cover 4,319 square kilometres in the Central and Kgalagadi licences in the country, which Botswana Diamonds said are known as the Kalahari.
Further, the company said the Botswana government has expended four existing licences covering 1,406 square metres for another two years, to the end of March 2022.
"Airborne and ground magnetic surveys from previous work conducted by Sunland Mineral Pty Ltd von these licences have revealed well-defined targets and subsequent soil sampling over the targets identified heavy concentrations of kimberlitic indicator minerals over these targets particularly Chrome Diopsides strongly suggesting an underlying kimberlite source," said Botswana Diamonds.
"An environmental study is in progress to pave the way for the drilling of these high priority targets."
Sunland Minerals is a wholly-owned subsidiary of Botswana Diamonds and is the entity which holds the licences.
By George Collard; [email protected]
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