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Tsodilo Resources Limited Awarded Key Radioactive Minerals Exploration Licenses in Botswana
Feb. 1, 2011 (Filing Services Canada) -- Tsodilo Resources Limited (TSD - TSX Venture), ("Tsodi...
About this update from Tsodilo Resources Limited
[{"type":"text","content":"\nTsodilo Resources Limited Awarded Key Radioactive Minerals Exploration Licenses in Botswana\n\n\n Feb. 1, 2011 (Filing Services Canada) -- Tsodilo Resources Limited (TSD - TSX Venture), (\"Tsodilo\" or the \"Company\") is pleased to report that the Minister, Ministry of Minerals, Energy and Water Resources has now granted six (6) Radioactive Minerals -- Prospecting License (\"PL\") Nos. 045-50/2011 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 and are contagious to radioactive licenses awarded Gcwihaba in 2010. The details of the Company's license blocks can be viewed on the Company's website at:  http://www.tsodiloresources.com/i/maps/Radioactive_PLs_01_31_2011.jp   The company is reviewing the exploration results from Union Carbide Exploration Corporation which had secured many prospecting licenses in west and northwest Botswana for uranium. Their exploration program in northwest Botswana (Ngamiland) started in 1977 and continued until 1980, and of particular interest are their findings of anomalous uranium within what they called the Xaudum and Chaudum paleo-drainages covered by their 1979 and 1980 Prospecting Licenses 4/79, 5/79, 3/80, 4/80 and 5/80. High counts of uranium in both calcrete and water samples and anomalous counts of vanadium from the water samples were obtained. Up to 30 meter thick valley calcrete (the target calcrete) were drilled with geochemical anomalous concentration of uranium in certain trap environments. However, at the time, no ore-bodies were delineated, but Union Carbide concluded \"that there is definitely uranium in the system as is evident by some very high uranium contents in the water samples\" (Union Carbide Final report 1980 by DJ Jack). The Company's strategy is two-fold: First to conduct a geomorphological study of the area using remote sensing techniques. This is to be linked to buried paleo-channels of Tertiary age that have been identified by geophysicist Scott Hogg (2005) while interpreting the most recent government Airborne Magnetic data in the search for kimberlites on overlapping Newdico (Pty) Ltd. diamond prospecting licenses.  Secondly, recent diamond core drilling conducted by Gcwihaba on overlapping...