Botswana Diamonds Making Progress in South Africa, Zimbabwe

Mining and Exploration
20/06/2019 10:27

The UK-based and AIM- and BSE-listed exploration company Botswana Diamonds (BoD) recently received positive results from bulk sampling at the Thorny River project in South Africa, while its joint-venture partner Vast Resources is said to be moving closer to mining diamonds in Zimbabwe. Last week, BoD said its associate Vutomi had received permisston to sell diamonds recovered during bulk sampling at their Thorny River project in South Africa, which will enable funding of further exploration and development by Vutomi. The project has deliverd 256 carats of diamonds to date.

Trenching by BoD has identified a 'hotspot' at Thorny River with a thick kimberlite intersection of four metres wide, suggesting a 'kimberlite blow' [a ‘blow’ is miner terminology for a swelling on a dyke, which may signal a potential accumulation of high-grade kimberlite]. 256 carats of rough diamonds have already been recovered from re-commissioning the processing plant, which will in enable the bulk sampling program to generate short-term cash flow whilst building the mineral resource. Earlier this year, BoD conducted a drilling program on the Frischgewaagt and Hartbeesfontein farms which form part of the Thorny River project. It comprised 33 holes and 1,282 meters of drilling which, together with previous work, resulted in a total drilled depth of 3,299 meters in five areas on the two farms and the development of detailed planning for the bulk sampling (mining) program. 

In Zimbabwe, Botswana Diamonds' JV partner Vast Resources has established a roadmap with all key stakeholders which will enable it to mine diamonds on the Heritage Concession in Zimbabwe, writes Mining Review Africa. Meetings were held in Harare last week between Vast Resources senior management, the local community leaders and the parastatal Zimbabwe Consolidated Diamond Company Ltd (ZCDC). “After taking part in the meetings last week with our senior management, the community chiefs and ZCDC, I am pleased to say that the timeline to closing the agreements will now be accelerated," said Andrew Prelea, CEO of Vast Resources."“After taking part in the meetings last week with our senior management, the community chiefs and ZCDC, I am pleased to say that the timeline to closing the agreements will now be accelerated. I plan to return to Zimbabwe shortly for what I hope will be the finalisation of the contractual terms, and also to establish the commencement of the project. This amendment to the structure of the arrangement should not only accelerate the process to commencement, but should also provide the company further opportunities to work with the ZCDC.”