
True North
Sekaka Diamonds has approximately 48,500km2 of highly prospective diamond exploration ground in Botswana.
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Early this month Petra Diamonds, who own Sekaka Diamonds, announced in a release that they will focus on their projects in Botswana this year.
However due to the global financial crisis the company is scaling back its Botswana program, reducing its budget to $500,000 for the period until June 2009.
"Botswana still offers an exceptional basis for exploration, in that it ranks highly with regards to diamond prospectivity and very favorably with regards to operating costs and ease of logistical operation," Petra noted. The company added that it will not relinquish any license areas of interest in the country.
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