Botswana

BOTSWANA DIAMONDS RAISES $650,000 TO FUND DIAMOND EXPLORATION

Botswana Diamonds has raised £525,000 (approximately $650,000) to fund “ongoing kimberlite drilling at its Frischgewaagt property in South Africa, drilling in Botswana, exploration work in South Africa and in the first stage of the 2017 Alrosa/Botswana Diamonds exploration programme in the Orapa and Gope areas of Botswana”, according to a report in Mining Weekly.

 

Chairperson John Teeling said: “Our exploration activities are gaining momentum. We are drilling at Frischgewaagt, our late-stage exploration property in South Africa and we will start drilling in Botswana imminently. The Alrosa team will also commence their fieldwork in early March”.

 

The the two drilling programmes will be completed by the end of March, “after which we anticipate a period of six to eight weeks’ analysis,” Teeling added.

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