Business
Tsodilo Resources Limited: Program Update
Jan. 13, 2011 (Filing Services Canada) -- Tsodilo Resources Limited (TSD - TSX Venture), ("Tsod...
About this update from Tsodilo Resources Limited
[{"type":"text","content":"\nTsodilo Resources Limited: Program Update\n\n\n Jan. 13, 2011 (Filing Services Canada) -- Tsodilo Resources Limited (TSD - TSX Venture), (\"Tsodilo\" or the \"Company\") is pleased to announce the resumption of its Phase I drilling program in northwest Botswana.  Results reported to date document the presence of base and precious metals, rare earth minerals, and uranium on the Company's license blocks.  Drilling operations resumed in the northern portion of the Company's license blocks where an extensive layered magnetite unit has been identified extending some 60km in length. This is also the area where the Company will complete its first, or reconnaissance, drilling phase. This program is scheduled to be completed by the end of the 1st quarter and will provide complete first-pass coverage of all of prospecting licenses along an extended area of mineralization. A Phase II drill program is set to commence immediately after Phase I operations and will focus on the following target areas: * First:  Further exploring and delineating the mineral resources in the areas immediately surrounding first phase drill holes which have returned positive assay results from the laboratories; * Second: Further exploring and delineating mineral resources in areas where positive soil samples were identified from a regional geochemical sampling program.   * Third: Clear geophysical targets that have been modeled as ultra-mafic intrusions.  To complete the 1st and 2nd drilling phases in the scheduled time frames, the Company ordered an additional Atlas Copco CT14 drill rig.  The construction of the drill rig in Sweden is near completion and it will be mounted on an IVECO 6x6 TRAKKER truck before being shipped to Botswana.  The rig will be operational on site in the 2nd quarter. Dr. Joan Carles Melgarejo and his team from the University of Barcelona have just completed a preliminary review of the core samples at the Company's facility in Maun, Botswana.  Dr. Melgarejo has been working on the mineralization model to assist the Company to focus its target selection over this large license area.  Dr. Melgarejo and his colleagues were the first to identify and report on the presence of gold and rare earth elements ('REE') in submitted core samples. - see press rel...