Business
Brightstone Joint Venture Agreed on 13 Licences
Brightstone Joint Venture Agreed on 13 Licences.
About this update from Botswana Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 5236K Botswana Diamonds PLC 31 July 2013 \n \n\n \n \n31 July 2013\n \nBotswana Diamonds plc (\"Botswana Diamonds\" or the \"Company\")\n \nBrightstone Joint Venture Agreed on 13 Licences in the Gope Region of Botswana\n \n \nThe directors of Botswana Diamonds (AIM: BOD), announce an agreement between the Company and Siseko Minerals Pty Ltd over the 13 licence Brightstone block in the Gope area of Botswana, covering an area of 6,518 square kilometres (\"Brightstone\"). \n \nUnder the terms of the agreement the Company becomes operator of the block and will earn into Brightstone by spending up to $940,000 over three years to earn 51 per cent. The budget for the first year is $140,000.\n \nThe Gope region is highly prospective. The Ghagoo mine owned by Gem Diamonds is being developed in the area while Petra Diamonds has made a discovery on block KX36. Botswana Diamonds personnel have analysed all available geochemical, geophysical and drilling log data on the Brightstone licences and have identified a series of targets. Detailed work on the targets willcommence within weeks. This involves ground work to iden...