Johannesburg, South Africa — MININGREVIEW.COM — 28 February, 2008 – South African exploration company Miranda Mineral Holdings Limited has acquired two new prospecting permits for diamonds in Botswana, and is planning to launch its exploration activities there in the second quarter of 2008.
A Miranda announcement here today says the Botswana Government has granted two additional prospecting permits for diamonds to its subsidiary, Firefox Investments (Pty) Limited. The new prospects are adjacent to the company’s current Mochudi prospect, which is some 80 km east of Gaberone.
Miranda is now in possession of three prospecting permits for diamonds in Botswana which total 1 403.9 km² in size. The new prospects cover a total area of 1 022.9 km², and were extensively explored by De Beers in the late 1960’s and as recently as 2000.
The company announcement reveals that a number of potential Kimberlite anomalies were identified in the earlier exploration, but at the time did not meet De Beers’ development criteria.
“Management is currently reviewing all existing geological data on these properties, and is planning for exploration activities to commence in the second quarter of this year,” the Miranda announcement added.
“Our intention is to prove this prospect up and create value.” commented Miranda financial director Wayne Ison Thompson. “Our coal assets under development in KwaZulu-Natal will be bolstered by this thrust into diamond exploration,” he claimed.