Diamonds
The Botswana government has awarded a new licence, PL 085/2015, to Atlas Minerals, the local subsidiary company of Botswana Diamonds

Botswana – The directors of AIM-listed Botswana Diamonds, the diamond explorer focused on Botswana and Cameroon, have announced that the Botswana government has awarded a new licence, PL 085/2015, to Atlas Minerals, the local subsidiary company.

It will be explored as part of the on-going 50/50 exploration joint venture between Botswana Diamonds and Alrosa.

The licence is 316 sq km directly north west of PL 207, already held by the joint venture.  Work carried out and currently in progress by the joint venture team, on PL 207, has found heavy concentrations of Kimberlitic Indicator Minerals (KIMs), particularly pyropes, in the north west of the block.

Alrosa will estimate the distance these have travelled.  It is possible that the kimberlites associated with the pyropes may be on the ground just awarded.  There is no record of kimberlites on either licence.  Pyropes are red garnet gemstones.

John Teeling, Chairman comments: “A small but important step.  We feel that there is a very good chance that unknown kimberlites exist in the area covered by our existing block PL 207 and the new block PL 085.  On-going extensive and detailed work on the ground, field analyses and laboratory analyses will estimate how far and from where certain Kimberlitic Indicator Minerals (KIMs), specifically garnets, have travelled.” 

“The joint venture is now zeroing in on targets.”

otswana Diamonds announced a JV with Alrosa in August 2013; following an 18 month collaboration as part of a technical cooperation agreement.

The aim has been to utilise the Alrosa’s technological expertise in order identify high potential targets from BOD’s extensive database. The partnership has dramatically increased the amount of early-stage exploration work that BOD is able to undertake and has resulted in the company being awarded five licences, 1,357.5 sq km.

Further targets are being generated and applications have been submitted. One of the target areas PL117 licence which holds AK10, a kimberlite discovered by BOD’s predecessor, African Diamonds, has already been drilled. Encouraging results increases the confidence in Alrosa technology. The focus is now on the new PL’s awarded in particular PL206, 207 and 210 where a number of high priority targets are being generated.

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