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Thunder Bay, Ontario (Newsfile Corp. - January 15, 2021) -
White Metal Resources Corp. (TSXV: WHM) ( White Metal or the Company ) is pleased to announce that its partner Noronex Ltd. (ASX: NRX) ( Noronex ) has commenced an airborne electromagnetic ( EM ) geophysical survey over the DorWit Copper-Silver Project (the Property or the Project ), located about 150 km east of Windhoek, Namibia. The EM survey is the first ever state-of-the-art airborne survey to be undertaken within the Project area. The use of the significantly improved modern technology and geophysical interpretation is intended to generate new exploration targets to expand on the 150,000 m of historical reverse circulation and diamond drilling that has already identified numerous sedimentary hosted Cu-Ag deposits.
26 march 2021
28 december 2020
Botswana Diamonds intends to mine the KX36 kimberlite, which it recently acquired from Petra Diamonds if found commercial. The high-grade KX36 kimberlite pipe is part of the three Prospecting Licenses in the Central Kalahari Game Reserve in Botswana held by Sekaka, which was an exploration vehicle in Botswana for Petra Diamonds. The diamond exploration company managing director James Campbell told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that they will consider partnering with another company to share the risk. Below are excerpts of the interview.
Botswana Diamonds recently completed the takeover of Sekaka Diamonds from Petra Diamonds. How optimistic are you of the future with this acquisition?
· Completed, 21 June 2019, an independent initial inferred resource estimate ( IRE ) for the Star Zinc project in accordance with JORC 2012 · The IRE reports Inferred zinc resources with reasonable prospects of future economic extraction of approximately 500 000 tonnes at 16% Zn or 77 000 tonnes of contained metal above a cut-off grade of 2% Zn, including approximately 340 000 tonnes at 21% Zn for 72 000 tonnes of metal above a cut-off grade of 8% Zn · Raised £1,000,000 in placing, before expenses, to advance the Star Zinc Project and for general working capital purposes · Acquired unconditionally from BMR, the remaining 15% of the shares that the Company did not hold in Enviro Zambia Ltd, thereby increasing the Company s ownership in the Star Zinc Project to 95% with the Zambian government holding the other 5% Kashitu Zinc Prospect ( Kashitu )
and its mineral exploration licences in Southern Botswana,
comprising the Kanye Manganese project
Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce the conditional acquisition of 100% of Metrock Resources Ltd ( Metrock ) and its manganese mineral exploration licences in Southern Botswana comprising the Kanye Manganese Project.
· 4,043 sq km land package with 125 km of potential on trend manganese mineralisation across the licences
· Trenching results have yielded in the case on one prospect of between 53% and 74% manganese oxide ( MnO )
· Bezant will acquire 100% of Metrock by i) issuing 150,000,000 new shares to settle £405,000 and ii) issuing 31,800,000 unlisted options exercisable at 0.40 pence per share up to 30 September 2024 and deferred consideration of £225,000 also to be settled in new shares should an Indicated Resource be delineated and settle Metrock s creditors of £45,100
- PL082 borders PLs held by Sandfire Resources (ASX:SFR) ( Sandfire )
- Geology and target formations analogous to Sandfire and Cupric Canyon s discoveries and mine developments
- PL083 is located to the south west, in an underexplored segment of the KCB on the same geological trends
- Mobile camps set up to base future fieldwork from
- Immediate goal to identify regional metallic anomalies for future airborne electromagnetic ( AEM ) surveying
v First soil sampling completed
- 6 lines run on targeted areas
- Line selection was guided by the interpretation of geological structures and regional magnetics
- 365 samples taken over 36.5km, at 100m spacing and 50m spacing over 2,500m