| Tsodilo Resources Limited is a diamond, base and precious metal exploration company concentrating its exploration efforts on the southern portion of the Angola / Congo craton in northwest Botswana. Tsodilo's prospecting licences are held through its Botswana registered subsidiary companies, Newdico (Pty) Limited ("Newdico') and Gcwihaba Resources (Pty) Limited ("Gcwihaba').
Newdico holds 10 diamond Prospecting Licenses, covering an area of some 9,400 square kilometres, in the northern Ngamiland Project area. Tsodilo has an 94% stake in Newdico, while Trans Hex Group, a South African diamond mining and marketing company, holds the remaining 6%.
Exploration in the Newdico Ngamiland project area is at an advanced stage, with completion of kimberlite indicator mineral sampling on a regional scale and ground geophysical surveys focusing on two primary areas within the larger License area. The Nxau Nxau kimberlite field is the principal location, with 40 known and drilled kimberlites, while several further first-order magnetic anomalies await drill investigation. The Guma district is the second location in the east of the license area where 10 first-order magnetic and indicator mineral anomalies await drill investigation. Both the Nxau Nxau and Guma areas have many second-order magnetic anomalies and the dolerite dyke swarm area south of the Nxau Nxau field provides further potential kimberlite drill targets.
Gcwihaba holds 6 diamond Prospecting Licenses covering an area of some 4,310 square kilometers immediately adjoining and south of the Newdico licenses. In addition to the diamond Prospecting Licenses, Gcwihaba has also been granted 14 base and precious metals Prospecting Licenses covering an area of some 11,400 square kilometers.
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Mon Jun 29, 2009 : Share Structure : Share Structure (more...)
Mon Jun 8, 2009 : News Releases : Private Placement (more...)
Wed Jun 3, 2009 : News Releases : Private Placement (more...)
Mon May 4, 2009 : News Releases : Election Of Directors And Appointment Of Auditor (more...)
Thu Apr 30, 2009 : News Releases : Kimberlite Confirmed At 21181A Program Update (more...)
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