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Tsodilo Resources Limited Announces Renewal of BK16 Prospecting License
TORONTO, ON / ACCESSWIRE / August 19, 2019 / Tsodilo Resources Limited (TSXV:TSD) ("Tsodilo"...
About this update from Tsodilo Resources Limited
[{"type":"text","content":"Tsodilo Resources Limited Announces Renewal of BK16 Prospecting LicenseTORONTO, ON / ACCESSWIRE / August 19, 2019 / Tsodilo Resources Limited (TSXV:TSD) (\"Tsodilo\" or the \"Company\") is pleased to announce the Ministry of Mineral Resources, Green Technology and Energy Security (MMGE) in Gaborone, Botswana has granted the renewal of Prospection License 369/2014 for an additional two-year period ending September 30, 2021.The license area contains the Company’s BK16 kimberlite project. The emphasis of the program for the next 2 years will be the Phase II surface bulk sampling program which will be the extraction, processing and diamond recovery of 20,000 metric tonnes of kimberlite. Further information about the Phase II program can be found in the Company’s press release of July 15, 2019 located at http://www.tsodiloresources.com/i/pdf/2019-07-15_NR.pdf.BK16The BK16 kimberlite project is located within the Orapa Kimberlite Field (\"OKF\") in Botswana. The diamond mines in Botswana have produced an average of 27 million carats annually in the last 10 years and Botswana is the world's largest producer of diamonds by value. In 2016, the OKF area produced 8.85 million carats. Of the 83 known kimberlite bodies, eleven have been or are currently being mined. These are AK01, AK02 and AK07 (Orapa, Debswana), AK06 (Karowe, Lucara Diamond Corporation), BK01, BK09, BK12 and BK15 (Damtshaa, Debswana), DK01 and DK02 (Letlhakane, Debswana) and BK11 (Firestone Diamonds). The Karowe mine has produced such notable diamonds as the 1,109 carat 'Lesedi La Rona' and the 813 carat 'Constellation'. The diamondiferous BK16 kimberlite pipe is approximately 6 hectares in size at surface and is known to contain rare and valuable Type IIa diamonds.Phase I sampling was recently completed and was designed to obtain an initial determination of the quality and value of the BK16 diamonds and those results established the following:Phase I LDD Bulk Sample:successfully demonstrated the potential of the BK16 kimberlite to host high value diamonds between US$ 281 to US$ 792 per carat;successfully confirmed the presence of Type IIa diamonds where 3.8% of the diamonds were identified as high-quality Type IIa diamonds consisting predominantly of D color stones; and,successfully confirmed the potential of BK16 to host large special stones of +10.8 carats...