Botswana Diamonds announce that it has been granted four Prospecting Licenses in the Kalahari of Botswana. These Prospecting Licences cover a total area of 2,331.81 square kilometres and have reference numbers which adds to the Company’s existing acreage in the Kalahari.
These Prospecting Licenses are in the same general area as Gem Diamonds Ltd’s Ghaghoo diamond mine as well as the Company’s KX36 advanced project in addition to its recently announced drillable targets.
The KX36 project is a 3.5 hectares kimberlite pipe in the Kalahari. The pipe has resources of 17.9 million tonnes at 35 carats per hundred tonnes and 6.7Mt at 36 cpht (inferred) at $65 per carat. The modelled grade range is 57-76 cpht at an estimated diamond value of up to $107/ct.
John Teeling, Chairman, commented: “I am pleased that we have been awarded these Prospecting Licenses in the Kalahari of Botswana, which we believe will be the next major diamond producing area in the country. Exploration is a long game, particularly diamond exploration, and we believe the industry is going through a structural change which will see the natural product, particularly from Botswana find its premium niche in world markets”.
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