Tsodilo Resources (TSD-V) April 8, '15 is pleased to announce that it has completed the purchase of a Dense Medium Separation ("DMS") treatment plant for use at its BK16 kimberlite project located within the Orapa Kimberlite Field ("OKF") in Botswana. Botswana diamond mines have produced an average of 27 million carats annually in the last 10 years and Botswana is the world's largest producer of diamonds by value. In 2014, the OKF area produced 13,355,292 carats.
Tsodilo is completing the diamond core drilling program of 15 holes to a cumulative depth of 2,621 meters on both the main and satellite bodies of kimberlite BK16 in order to develop an advanced geological model. In anticipation of the bulk sampling program which is scheduled to start during the second half of this year, the Company has purchased a DMS mobile plant from De Beers Botswana. This plant is capable of handling a 10 tons/hour head feed throughput and was used in the evaluation of AK06 (Karowe Diamond Mine) owned by Lucara Diamond Corp. It is set up and located just outside the Lethlakane village approximately 15 km directly WNW from the BK16 kimberlite pipe.
The plant is equipped among others with primary and secondary crushers (Cone and Jaw), de-sliming screens, conveyors, a scrubber with 12 mm trommel screen, a DMS preparation screen and DMS cyclone (250mm/57mm). It is equipped with a laboratory, security office and concentrate storage units. Photos of the plant can be seen on the company's website at: http://www.tsodiloresources.com/s/Photo_Gallery.asp.
The Company intends to spend some time refurbishing the plant in order to start treatment of the diamondiferous BK16 kimberlite during Phase 1 of the evaluation program towards the end of this year. Using very conservative estimated grades the Company intends to extract and treat some 3,500 tons in order to recover in excess over 200 carats during Phase 1 of the evaluation program.
"Tsodilo continues to advance its projects in an expedient and cost effective fashion buy utilizing its company owned drill rigs, geophysical equipment and now the DMS processing plant. This allows us to evaluate the potential of our projects in a fast and cost effective fashion which is crucial at any time but especially in today's economic environment. The outlook for diamonds is very positive and we want to move BK16 along as fast as we can." stated Tsodilo's Chairman and CEO, James M. Bruchs.
About Tsodilo Resources Limited: Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond and metal deposits at its Newdico (Pty) Limited ("Newdico"), Gcwihaba Resources (Pty) Limited ("Gcwihaba") projects and Bosoto (Pty) Limited ("Bosoto") in Botswana. The Company has a 98% stake in Newdico (851 km2 under Precious Stone - diamond licenses). The Gcwihaba project area: 494 km2 under Precious Stone - diamond licenses; 11,158 km2 Metal (base, precious, platinum group, and rare earth) licenses; and, 3,912 km2 under Radioactive Minerals licenses is 100% held by the Company. The Company has a 75% stake in Bosoto (Pty) Ltd. which holds the exploration license for the BK16 kimberlite. Tsodilo manages the exploration of the Newdico, Gcwihaba and Bosoto license areas.
The Company has offices in Toronto, Canada and Gaborone and Maun, Botswana. Please visit the Company's website, www.TsodiloResources.com, for additional information and background on our projects.
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