Kimberlite indicator minerals have been recovered from at least 30 sites on the Mosomane diamond property in southeastern Botswana.
Southern Africa Minerals (SAF-T) reports that several of the sites coincide with geophysical targets outlined by airborne magnetic surveys.
Moreover, SAF has recovered chromites with geochemical compositions within the diamond stability field, further enhancing the property’s diamond potential.
The Toronto-based company is preparing to drill-test this new cluster of kimberlite targets. Regional sampling is also planned.
The Mosomane property straddles the same northeasterly trending crustal lineament along which the Jwaneng and Venetia mines, two significant diamond producers, are situated. The former is one of the richest kimberlites in the world, with more than 40% of its diamonds classified as gem quality.
Meanwhile, in southwestern Botswana, SAF has granted Layfield Resources (LAY-V) the option to earn a 75% interest in its Molopo diamond property. In return, Layfield must return its 250,000 SAF shares and issue 200,000 of its own shares to SAF. The Vancouver-based junior is also required to spend US$350,000 on a first-year work program. (Additional terms apply after the first year.)
The 3,382-sq.-km Molopo property is known to contain 55 kimberlite pipes, 13 of which are diamondiferous. Several targets have yet to be tested.
Botswana is the world’s largest producer (in dollar terms) of diamonds.
Average annual production is 15 million carats.
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