(Kitco News) – Botswana Diamonds (LON:BOD) announced that it will acquired Sekaka Diamonds, Petra’s exploration vehicle in Botswana
Sekka holds three prospecting licenses in the Central Kalahari Game Reserve in Botswana.
Sekaka’s Prospecting License which holds the KX36 high-grade kimberlite pipe has also been extended for a further two years.
“We are grateful to the Botswana Authorities for the quick approval of our acquisition of the KX36 discovery, the extension of the licence and the award of two surrounding licences,” said Botswana Diamond’s chair, John Teeling.
“Kimberlite pipes, like KX36, are rarely if ever found on their own. It is of major importance that we got two adjacent licences where we are now very hopeful to find other kimberlites. The Kalahari Desert is a tough environment but finding something as rare as KX36 containing an estimated indicated resource of 17.9m tons at 35cpht is very rare. The potential far outweighs the challenge.”
View original article here Source