Business
Sunland Minerals' Prospecting Licences renewed
Sunland Minerals' Prospecting Licences renewed.
About this update from Botswana Minerals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8073N\n Botswana Diamonds PLC\n 04 October 2021\n \n \n \n \n \n \n \n \n \n \n 4th October 2021\n \n \n \n \n \n \n \n \n \n Botswana Diamonds PLC\n \n \n (\"Botswana Diamonds\" or the \"Company\")\n \n \n \n \n \n Sunland Minerals' Prospecting Licences renewed close to the Ghaghoo diamond mine in the Kalahari of Botswana\n \n \n \n \n \n Prospecting Licences (\"PL's\") PL232 and 235 of 2015 of Sunland Minerals Pty Ltd, a wholly owned subsidiary of Botswana have been renewed. The renewals are for a two-year period commencing 1st October 2021. Recent aeromagnetic and surveys followed by targeted ground magnetic surveys and soil sampling have identified drill targets on the PLs.\n \n \n PL232 and 235 are 60 and 164 square kilometres respectively. They are situated to the west of the Ghaghoo diamond mine in the central Kalahari and are considered highly prospective. The nearest kimberlite to these licences is Go194 (part of the Gope or Ghaghoo kimberlite pipe cluster) close to the south-eastern point of PL235 which is 20-km from the Ghaghoo diamond mine where Botswana Diamonds holds an interest and is the operator. There is considerable infrastructure at Ghaghoo which will facilitate servicing a drilling campaign. The economics of any discovery on the ground will be improved by the closeness of an existing mine. \n \n \n The Environmental Management Plan for future drilling has been completed and approved.\n \n \n These licenses form part of BOD's joint venture with Diamexstrat and Burgundy Diamond Mining (as previously announced on 16 February 2021). Any work programme will be funded as part of the earn-in arrangement by our joint venture partners. \n \n \n This renewal is a key development in the company's primary focus on the Kalahari of Botswana.\n \n \n \n James Campbell, Managing Director\n \n commented: \"Botswana Diamonds believes that there is the potential for significant new diamond discoveries in the Kalahari. We have quietly built exploration acreage, while partnering with Diamexstrat and Burgundy Diamond Mining to finance exploration. Until recently, many thought that logistics and water challenges on this acreage could not be overcome. However, operational progress at nearby Ghaghoo and KX36 has transformed the situation: much...