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Friday, 30 July 2010   |   Issue: Vol.26 No.20  |  Monday, 09 February 2009
News
About Sekaka Diamonds

Sekaka Diamonds has approximately 48,500km2 of highly prospective diamond exploration ground in Botswana.


 
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Sekaka has more than 30 known kimberlites in its licence areas. By 2004 Sekaka held 104 prospecting licences with a further 9 licences in negotiation. The company has anmnounced that as part of their program for 2009 they will, among other things, focus on the DK4 and DK6 in the Jwaneng area. Kimberlites DK4 and DK6 (Jwaneng) - interpretation of modeled data points to possible surface areas of +- 1.5 ha (previously 0.4) and +- 2.5 ha (previously 0.9) respectively. DK4- was first discovered by De Beers in 1973 or 1974.

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.

FOREIGN EXCHANGE: Friday, 30 Jul 2010
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