logo-loader
viewTsodilo Resources Ltd

Tsodilo Resources has high value diamonds at a project with one of the best addresses on the planet

Tsodilo Resources is currently evaluating a diamond project situated right in the heart of one of the world's most prolific diamond-producing areas

1531831317_LesothoBrown_hires.jpg
The recently-extracted stones have a demonstrably high value

Tsodilo Resources LTD (CVE:TSD) holds diamond and metal licenses in Botswana and South Africa.

Famous Diamond district

The company has a prospecting licence over the BK16 kimberlite, a prospect located within the famous Orapa kimberlite cluster, one of the most prolific diamond-producing areas in the world.

BK16 is 37 kilometres south of Orapa itself, 25 kilometres south of the Damshtaa mine, and 13 kilometres north-northeast of the Letlhakane mine, all operated by the jointly-owned Botswana—De Beers local champion Debswana.

In addition, Lucara’s Karowe mine is 28 kilometres east-northeast.

Diamond parcels show strong carat values

The recent evaluation of diamond parcels from BK16 showed an average value of US$197 per carat. Two parcels containing 224 diamonds were evaluated as part of Tsodilo’s wider investigations of the potential of BK16. The stones were extracted from large diameter drilling work that took place earlier this year. What’s more, most of the stones were gem-quality.

Dense Media Separation Plant

The company's 10 tonnes per hour mobile Dense Medium Separation (DMS) plant is being used to accelerate a bulk sampling programme. The DMS plant has a scrubber with a trommel screen of 16 mm, a primary jaw crusher that has a closed size setting of ~25 mm and a secondary cone crusher that has a closed size setting of 10 mm.

This adds considerably to the company’s in-country capabilities, and has already delivered significant samples.

Around US$4.5mln was allocated to the initial sampling programme, now complete. Further work is likely to continue for the next couple of years, to the point where a NI43-101 can be prepared.

Metals exploration portfolio adds further value

Tsodilo also has a 100% stake in its Gcwihaba project area consisting of seven metal prospecting licenses all located in the North-West district of Botswana. These consist of base metals, precious metals, and rare earths.

Additionally, Tsodilo has a 70% stake in Idada Trading 361 (Pty) Limited which holds the gold and silver exploration license in the Barberton area of South Africa.

Strong backing from experienced mining investors

Key names on the Tsodilo register include JP Morgan, First Quantum Minerals, Lucara Diamond Corp, and the IFC. This is a pretty blue-chip list and should provide investors with comfort that several rounds of due diligence by high profile organisations has been completed.

Quick facts: Tsodilo Resources Ltd

Price: 0.08 CAD

TSX-V:TSD
Market: TSX-V
Market Cap: $3.63 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Amundi Physical Gold ETC: Europe's cheapest ETC now trading on the London...

Amundi Physical Gold ETC's Ashley Fagan who's head of ETF, Indexing & Smart Beta Development for UK and Ireland introduces the product to Proactive London's Andrew Scott. She says they've seen a great deal of demand from European as well as UK investors and that's what lead them to list...

1 day ago

2 min read