Botswana Diamonds’ wholly owned subsidiary, Atlas Minerals has been awarded an additional 262.6 square kilometre Prospecting License (PL170/2012) for diamonds in Botswana.
The license was awarded for an initial period of three years after which it can be renewed for two additional periods of two years each.
"We are very pleased with this award. This is a highly prospective licence which is under explored…The area shares similar characteristics with the area around the Gope mine development of Gem Diamonds and the X36 project of Petra Diamonds,” said company chairperson John Teeling.
He said new high resolution geophysics using airborne magnetics would be used to identify drilling targets.
The Prospecting License lies 70km to the southeast of Debswana's Orapa Mine but was still considered to be part of the Orapa kimberlite cluster.
Botswana Diamonds said that indications were that the mantle in this area remained prospective for diamond bearing kimberlites.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
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