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Tsodilo Resources Limited Awarded Key Diamond Exploration Licenses and Metals Exploration Licenses in Botswana
Tsodilo Resources Limited Awarded Key Diamond Exploration Licenses and Metals Exploration License...
About this update from Tsodilo Resources Limited
[{"type":"text","content":"\nTsodilo Resources Limited Awarded Key Diamond Exploration Licenses and Metals Exploration Licenses in Botswana\n\n\n Jul. 31, 2009 (Filing Services Canada) -- Tsodilo Resources Limited (TSD - TSX Venture), is pleased to report that the Minister, Ministry of Minerals, Energy and Water Resources has now granted three (3) Precious Stone - Diamond Prospecting License (\"PL\") No. 0641 / 2009, No. 0642 / 2009 and No. 0643 / 2009 and four Metals (Base, Precious, Platinum Group Metals and Rare Earth Elements) Prospecting Licenses PL No. 588 / 2009, No. 595 / 2009, No. 596 / 2009 and No. 597 / 2009, to the Company's local, wholly-owned operating subsidiary Gcwihaba Resources (Pty) Ltd. \"Gcwihaba\"). These license areas are situated in the Ngamiland District in Northwest Botswana. The details of the Company's license blocks can be viewed on the Company's website at:http://www.tsodiloresources.com/i/maps/new/newdico_precious_stones_6_july2009B1_3.jpg http://www.tsodiloresources.com/i/maps/new/gcwihaba_diamonds_as_at_29July_2009_1.jpg http://www.tsodiloresources.com/i/maps/new/gcwihaba_basemetals_7_july2009_metals.jpg The diamond licenses are situated on an extension of the Archean Congo Craton, which hosts numerous economic kimberlite and alluvial diamond deposits and are adjacent to licenses in Namibia controlled by Namdeb Diamond Corporation (Pty), a company owned jointly by DeBeers and the government of Namibia. Initial target selection in this area was based upon screening of remote sensing, aeromagnetic, TDEM data as well as geochemical data. Surface loam sampling surveys conducted adjacent to these new licenses resulted in the recovery of kimberlite indicator minerals. Of the kimberlitic garnets recovered a relatively high proportion were G10's and sodium-rich eclogitic garnets, with compositions matching inclusions in diamonds. This suggests there is a strong potential for the kimberlite(s) associated with these garnets to be diamondiferous. According to James M. Bruchs, President and CEO of the Company, \"We are very excited with the data being generated from these license areas. The convergence of positive geochemical, geophysics and topographic data, together with mapping of the ancient river system, suggest the possibility of a major kimberlite field on the property. These new licenses together with the continuing work in th...