Business
Operations Update
Operations Update.
About this update from Botswana Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 5679N Botswana Diamonds PLC 05 September 2011 \n \n\n \n5 September 2011\n \nBotswana Diamonds plc\n(\"Botswana Diamonds\")\n \nOperations Update\n \n· Cameroon:\n- A 430 sq km Exploration Licence has been awarded to Botswana Diamonds. This covers the area of paleo-placer conglomerate identified by the company.\n- A bulk sampling programme to examine diamond potential will be undertaken in the coming months. \n \n· Botswana: Orapa Region\n- PL04/2002 has been extended until 30 June 2012. This contains AK8, AK9, BK5.\n- Renewal of PL07/2004 remains under consideration and should be resolved in the coming weeks.\n- Bulk sampling on two kimberlites AK8 and BK5 has been completed.\n- The grade of AK8 at 1.25 cpht is not likely to be commercial. Previously reported grades at BK5 were not replicated in the bulk sampling, where no diamonds were discovered.\n- A review of all available data on AK9 is ongoing and a decision whether to bulk sample or not is imminent.\n- New prospecting licences applied for in the Orapa area. \n \n· Zimbabwe:\n- A small sampling programme will be carried out on seven claims held by Botswana Diamonds southeast of the Murowa area of Zimbabwe. \n \nThe Directors of Botswana Diamonds [AIM:BOD] are pleased to present an update on operations. \n \n \nCameroon\n \nAs a result of the initial reconnaissance on our 8,087 sq km Libongo licence, adjacent to the Mobilong diamond discovery, we applied for and obtained a 430 sq km Exploration Licence over a portion of the original Reconnaissance Licence. The balance of the Reconnaissance Licence remains valid however and as work progresses, further portions can be converted to Exploration Licences. The new licence covers the ground where paleo-conglomerates were identified during the current exploration activities. This licence is valid for an initial 4 year period and is renewable for multiple periods of 4 years. An Exploration Licence ensures exclusive rights to prospect and also gives the holder priority fo...