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Tsodilo Resources Engages SRK Consulting (U.K.) Limited to Prepare an Initial 43-101 Resource Estimate and Technical Report on its Xaudum Iron Ore Project
Tsodilo Resources Engages SRK Consulting (U.K.) Limited to Prepare an Initial 43-101 Resource ...
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[{"type":"text","content":"Tsodilo Resources Engages SRK Consulting (U.K.) Limited to Prepare an Initial 43-101 Resource Estimate and Technical Report on its Xaudum Iron Ore ProjectTsodilo Resources Engages SRK Consulting (U.K.) Limited to Prepare an Initial 43-101 Resource Estimate and Technical Report on its Xaudum Iron Ore Project\n\nToronto, Ontario CANADA, December 30, 2013 /FSC/ - Tsodilo Resources Limited (TSD - TSX Venture), (\"Tsodilo\" or the \"Company\") is pleased to announce it has engaged SRK Consulting (U.K.) Limited (\"SRK\") to prepare an initial National Instrument 43-101 compliant Mineral Resource Estimate and Technical Report for the Company's Botswana subsidiary, Gcwihaba Resources (Pty) Limited (\"Gcwihaba\"), on a portion of the Xaudum Iron Ore Project.   \n\nXaudum Iron Ore Project\n\nThe Xaudum Iron Formation (XIF) is located in the northern portion of the Ngamiland region in the North-West District of Botswana. The XIF generally does not outcrop and is considered a buried prospect. The XIF is buried below the \"Kalahari cover\" (made up of sand and calcrete) and has been delineated for exploration drilling using detailed ground magnetic surveys conducted by the Company over the area. The ground magnetic survey comprises 18,000 line kilometers (\"km\") on lines 50 meters apart with readings taken approximately every 5 meters and covers 1,600 km2.  \n\nDrilling to date has confirmed that the XIF is comprised of two units: \n\n1. Magnetite Banded Iron Formation (BIF) unit, which can be weathered near surface (just below the Kalahari cover).\n\n2. Magnetite Schist unit, which can also be weathered near surface. \n\nThese units are significantly magnetic, although the Magnetite BIF is more magnetic and can be considered a high grade magnetite unit, whereas the Magnetite Schist represents a less magnetic but potentially more widespread lower grade target unit.\n\nBoth units are believed to represents metamorphosed chemical sediments that have been highly deformed, resulting in strong and well-developed banding in the Magnetic BIF and a strong foliation within the Magnetic Schist. The magnetite mineralization is more disseminated within the Magnetite Schist and not as obviously partitioned into bands like the Magnetite BIF. \n\nIt is unclear whether these Magnetite BIF and Magnetite Schist units are comprised of sing...