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    Botswana excavates 11 Diamonds at Thorny River Project

    Posted On 25 Mar 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 10

    By Abdul Rahman Bangura–

    Photo Credit: Energy Ghana

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– “The recovery of so many kimberlitic indicators and in particular diamonds, which are very rare to recover in small sample narrow reverse circulation drill holes is highly encouraging and bodes well for the potential commerciality of this exciting discovery,” the company asserted after evaluating the drilling classifications.

    Botswana Diamonds reviewed the pearls recouped were all of “good complexion and clarity”, and were of saleable disposition of a sample in high desire.

    It announced the diamonds were not weighed, as the sample size was small, amplifying that they were not characteristic of a reasonable population. Stakes in the corporation lunged on the news and were trading 11.2% higher in London at 0.95% by 11:00 am local time. The miner’s demand capitalization is sitting at £7.4 million. The following step would be to embark a comprehensive core drilling program, which is schemed for the dry season, the company announced.

    The Thorny River program is found in the Northern Limpopo province and the volume of its main deposit has been sculptured at between 1.2 and 2 million tones. It has a diamond grade rove between 46 and 74 cpht and diamond significances in the spectrum of $120 and $220 per carat.

    Botswana, which was surpassed by Russia as the world’s prime diamond generating country in 2014, is scuffling with aging mines, as well as power and water shortages. Nonetheless, the country is home to some of the world’s most prolific diamond mines, including Lucara Diamond’s (TSX:LUC) Karowe operation, where the now famous Lesedi Rona, the second-largest gem-quality diamond to ever be found, was excavated in 2016. Plus diamonds, Botswana alike elicits nickel, copper, coal and iron ore.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

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    10 Comments

    1. Jamila March 25, 2021 at 3:19 am Reply

      Thank you for the daily newsletters. You guys are doing lovely work. Addis Ababa in Ethiopia. Jamila

      • New Africa Business News, Staff Correspondent March 25, 2021 at 3:20 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Nontle March 25, 2021 at 3:27 am Reply

      Gold mining is generating lot of money in some of our beautiful countries in Africa. Time to be in total control of the gold market. Nontle in Johannesburg SOUTH AFRICA

      • New Africa Business News, Staff Correspondent March 25, 2021 at 3:28 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Randy March 25, 2021 at 3:41 am Reply

      Governments in the continent should invest in our youths in the gold business ownerships. Our youths would do great job and create ownerships, in this sector. Thank you for the report. Serowe in Botswana. Randy

      • New Africa Business News, Staff Correspondent March 25, 2021 at 3:42 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Eric March 25, 2021 at 3:49 am Reply

      Thank you, Bangura for the reports. Love the reports. London in England. Eric

      • New Africa Business News, Staff Correspondent March 25, 2021 at 3:50 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Fanta March 25, 2021 at 3:55 am Reply

      Thank you, always. We are all witnessing great developments in our great Continent. Mother Afrika. Guinea Bissau. Fanta

      • New Africa Business News, Staff Correspondent March 25, 2021 at 3:56 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

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