Kalahari Manganese Project
Seventeen prospecting licences, covering 15,345 square kilometres in southern Botswana are held by the Company. This area is underlain by rocks of the Transvaal Supergroup which extends south-east into the Griqualand West Basin of South Africa, where it hosts the Kalahari Manganese Field (KMF) deposits.
The Company has been granted three new prospecting licences from 1 January 2013 for an initial period of 3 years with an option to renew for two additional terms of two years each.
The Company is currently reviewing a proposal by a party interested in farming into the Manganese project.
Kraaipan Gold Project
The Kraaipan Project covers prospecting licence 008/2011 in Southern Botswana which was granted effective 1 January 2011 for a period of 3 years.
The exploration targets are Archaean Greenstone hosted gold deposits and possible layered intrusives hosted PGM deposits.
Preliminary exploration activity only has been conducted to date, including:
- location of historic drill hole data incorporated into the Company's digital database;
- completion of a regional soil geo chemical sampling programme. A total of 4,943 soil samples were collected on 2km spaced lines at 50m sample spacing. Initial analysis of the samples by in-house hand held XRF analyser is in progress; and
- progressing geological mapping.
It is planned to send soil samples from selected areas of anomalous gold values to a laboratory for analysis.
The Kraaipan Greenstone Belt in Botswana is directly along strike from significant gold deposits in South Africa, including the well-known Kalgold deposit, which has over 4 million ounces of gold to 150 metres depth from surface.