The company raised £868 576 last August and had invested part of the proceeds in Thorny River as part of an earn-in transaction with the 28 percent-black empowered Vutomi, which had extensive prospects in the country.
“We’ve done well over 50 holes, we’ve done three geophysical surveys, we’re in the process of doing a surface sampling, we’ve done microdiamond work and we’re targeting our maiden inferred resource by the end of the year,” company managing director James Campbell was quoted as saying by Mining Weekly.
Botswana Diamonds’ plan was to start work next year on the generation of an indicated resource at Thorny River, followed by a prefeasibility study.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished