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Botswana Diamonds to evaluate Moz prospects

19th March 2013

By: Creamer Media Reporter

  

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JOHANNESBURG (miningweekly.com) – Aim-listed Botswana Diamonds has entered into an agreement with Mozambican company Morminas to evaluate two licence blocks on the Save river, in Mozambique, for potential alluvial and eluvial deposits which may have washed down from the Marange diamond fields in Zimbabwe.

The Save river runs south-eastwards and drains an area of Zimbabwe that contains the Marange diamond fields.

Morminas holds a 100% interest in the two blocks.

“This agreement represents another step forward in the development of our diamond interests and gives us access to a prospective play close to the Marange diamond fields in Zimbabwe.

“The experience and knowledge gained in Zimbabwe will be valuable in identifying diamond prospects in the Save region. Our geologists will review all available data, and given the right results, Botswana Diamonds will negotiate a long-term agreement,” Botswana Diamonds chairperson John Teeling said in a statement on Tuesday.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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