Canadian miner to mine diamonds in Botswana

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diamond
Diamond

Canadian based diamond exploration and development company, Peregrine Diamonds will soon explore for diamonds in Botswana.

diamond
diamond

The company on Monday announced it has entered into an agreement to acquire all of the shares of Diamexstrat Botswana (DEB Botswana), a privately held Botswana registered diamond exploration from Diamond Exploration Strategies Limited, a UK registered private company.
According to a media release from the company, DES Botswana’s primary assets are eight highly prospective diamond Prospecting Licences, covering 5,746 km square in Botswana.
The eight prospecting licences, covering 5,746 km2, include 4, 825 km square of licences situated in two areas along the “Cretaceous kimberlite corridor”, where modern diamond exploration techniques could result in kimberlite discoveries that were overlooked by previous techniques.
The company said exploration work is ongoing and expect to be drilling kimberlite targets in 2015.
Peregrine Diamonds is a diamond exploration and development company focused on Canada’s North and has discovered two new diamond districts in Nunavut, Nanuq in 2007 and Chidliak in 2008. Enditem

Source: Xinhua

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