Sunday 23 October 2016

Botswana Diamonds wins three exploration licences in joint venture with the world's biggest diamond producer

Paul O'Donoghue

Published 15/04/2015 | 08:07

John Teeling
John Teeling

A joint venture between Botswana Diamonds, the Africa-focused minerals explorer chaired by veteran investor John Teeling, and the biggest diamond producer in the world has won three new exploration licences in Botswana.

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The three licences were awarded to Sunland Minerals, an exploration joint venture company owned equally between Botswana Diamonds and Alrosa, and cover areas of 46 sq km, 48 sq km and 3.3 sq km Botswana’s Orapa region.

The licences PL135/2015 and PL136/2015 were selected specifically to verify previously identified geophysical anomalies and to follow up if justified.

PL137/2015 contains mineralogical anomalies with kimberlite indicator minerals, namely pyropes, ilmenites and in particular chrome diopsides.

A statement from Botswana Diamonds added: "The Alrosa and Botswana Diamonds geoscientists will focus immediately on the target areas using small grids to carry out detailed geophysics and to acquire mineral chemistry data with the aim of making rapid decisions regarding potential drilling."

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