Go Back Email this Link to a friend


TAW - Tawana - Drilling Commences in BK19-BK26 kimberlite field, Orapa, Botswana

Release Date: 28/09/2007 08:29:32      Code(s): TAW
TAW - Tawana - Drilling Commences in BK19-BK26 kimberlite field, Orapa, Botswana
Tawana Resources NL                                                             
(Incorporated in Australia)                                                     
(Registration number ACN 085 166 721)                                           
Share code on the JSE Limited: TAW & ISIN: AU000000TAW7                         
Share code on the Australian Stock Exchange Limited: TAW & ISIN: AU000000TAW7   
("Tawana" or "the Company")                                                     
28 September 2007                                                               
Drilling Commences in BK19-BK26 kimberlite field, Orapa, Botswana               
Tawana, the ASX and JSE quoted diamond mining and exploration company, announced
in May 2007 that it had been granted a new prospecting licence over an area of  
approximately 57 square kilometres, covering 8 kimberlites in the Orapa         
kimberlite field in Botswana. (See Fig. 1)                                      
Drilling in the Prospecting Licence commenced on 24 September with the aim to   
establish the size of the known kimberlites and to target a number of new       
geophysical anomalies. Geophysical surveys conducted by Tawana have provided    
data which indicate that some of the known kimberlites may be larger than       
reported by previous explorers and that as yet undiscovered kimberlites may     
exist in the area. (See Fig. 2)                                                 
The probable development by De Beers and AIM listed African Diamonds Plc (AFD-L)
of a new diamond mine in the Orapa area on the AK6 kimberlite, (located 25km to 
the south of the Tawana licence), which was originally discovered and evaluated 
in the 1970`s and considered at that time to be a small, low-grade kimberlite,  
provides an indication of the potential that still remains in Botswana. It is   
also noteworthy that Firestone Diamond Plc (FDI-L) recently reported that the   
estimated size of the BK11 kimberlite, located 20km south of the Tawana licence,
had increased from 6.5 to 8.0 hectares.                                         
The Orapa kimberlite field is located in north eastern Botswana, and includes   
the Orapa, Letlhakane and Damtshaa diamonds mines, which produce in excess of 13
million carats of diamonds per year. The Orapa kimberlite field is one of the   
largest diamondiferous kimberlite fields in the world, containing 79 known      
kimberlites, of which the majority has been proven to be diamondiferous. Orapa  
is one of the largest producing kimberlites in the world and is 113 hectares in 
surface area.                                                                   
The Orapa mine is located 20 km to the west; Letlhakane is 30km to the south and
Damtshaa is 6km to the south of the Tawana licence.                             
Work Program                                                                    
Tawana has commenced a program of evaluation of the kimberlites which entails   
detailed geophysics, trenching and drilling to establish the size of the        
kimberlites, followed by bulk sampling to determine the grade and diamond       
quality of the kimberlites. Initial indications are that the diamondiferous BK24
is in excess of 3 hectares in surface area and at least one other kimberlite has
a surface area of 2 hectares.                                                   
Contact:                                                                        
Wolf Marx                                                                       
Tel: +61 (0)3 98635222                                                          
Mob: +61 (0)428 398446                                                          
Email:wolf.marx@tawana.com.au                                                   
This report is based on information compiled by Wolf Marx BSc, BA, FAusIMM,     
CPGeo, Managing Director of Tawana Resources NL. He has sufficient experience   
relevant to the style of mineralisation and types of deposits under             
consideration, and to the activities undertaken, to qualify as a competent      
person as defined in the 2004 edition of the "Australasian Code for the         
Reporting of Mineral Resources and Ore Reserves"                                
All press releases and announcements may be inspected on the Company`s web site,
namely: www.tawana.com.au                                                       
JSE Limited Sponsor:                                                            
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 28/09/2007 08:29:32 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2019 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.