Tsodilo Resources Ltd V.TSD

Alternate Symbol(s): TSDRF

Metals & Mining Industrial Metals & Minerals

Tsodilo Resources Limited (Tsodilo) is a Canada-based exploration stage company, which is engaged principally in the acquisition, exploration and development of mineral properties in the Republic of Botswana. It is engaged in the search for economic metal and diamond deposits at its Gcwihaba Resources (Pty) Limited (Gcwihaba) and Bosoto (Pty) Ltd. (Bosoto) projects in Botswana. The Company has a 100% stake in its Gcwihaba project area consisting of five metal (base, precious, platinum group, and rare earth) prospecting licenses all located in the North-West district of Botswana. The Company has a 100% stake in Bosoto (Pty) Ltd. which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana. Tsodilo manages the exploration of the Gcwihaba and Bosoto projects. The Company also holds a 100% interest in Newdico (Pty) Limited, which provides administrative, operational, exploration, geophysical, and drilling services to the Company's other subsidiaries.

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Tsodilo Resources Ltd

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Post by willbaron Jul 17, 2015 7:12pm

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Post# 23936320

Exeptional Diamonds from the Karowe Diamond Mine in Botswana

Lucara operator of the Karowe Diamond Mine close to Tsodilo's BK 16 ,an exploration project recently acquired, announced yesterday that it had sold 1647 carats for $68.7 million thereby averaging $41000 per carat. There were some absolute gems among them. A 342 carat stone sold for$20 mil ($58000 per carat) and a 270 carat stone for $16.5mil ($61000 per carat) Tsodilo's recent news release refers to the Karowe Diamond Mine as a reference.

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