Botswana Diamonds has raised £1.51 million ($2.4 million) to fund its ongoing exploration programmes in Botswana, Cameroon and Zimbabwe.
The junior diamond firm said in a statement that first results from the exploration in Botswana were due in the third quarter of this year.
“The directors are hopeful that the analysis will identify large anomalies in the hard-to-explore north east of the country,” it said.
It said a second stage exploration programme in Cameroon was about to start on previously identified palaeoplacer conglomerates to confirm whether they contain diamonds.
A larger bulk sample, it said, was scheduled for later in the year to identify diamond grade and quality.
In Zimbabwe a small bulk sample is planned for a two hectare kimberlite previously identified by Rio Tinto and known to contain diamonds.
“When and if mining licences are obtained on Chimanimani and Marange in Zimbabwe, Botswana Diamonds will immediately mobilise,” said the company.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
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