BK16 TSD interesting by BK11?Source Tsodilo website:
https://www.tsodiloresources.com/s/NewsReleases.asp?ReportID=675265&_Type=News-Releases&_Title=Acquires-rights-to-BK16-kimberlite-pipe-in-Botswana
A bulk sample grade of 15 cpht for BK16 was reported by Firestone Diamonds based on work previously performed. Diamonds recovered by the limited sampling carried out by Montgomery, SouthernEra (Pty) Ltd,, Firestone Diamonds and others have been predominantly high quality, white gemstones, with few industrial diamonds. This indicates that diamonds from BK16 are likely to have a high average value. The grade reported for BK16 is similar to that reported on work done on AK6 in the early 1990's (then 17 cpht). A larger scale bulk sampling program carried out on AK6 in 2005 by the De Beers/African Diamonds joint venture yielded a substantially higher grade of 24 cpht. AK6 is known today as the Karowe mine and is operated by Lucara Diamond Corporation.
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Toslido resources acquired the rights and exploration license of the BK16 project abandoned by Firestone in 2014. What I have heard is that there would have been interest in wanting to acquire Firstone BK11 in 2015 for its butalso to all the adjacent mining plant. I do not know if there is a director or member of the board who has previously been in the direction of the Barrick.
I do not believe that Barrick already had an operation in diamond mine because it is mostly in gold and other metals. Waiting for the next news about the loan which I think is the last crucial step for the acquisition of the BK11 diamond mine. Because if you look on both sides all the conditons are complte.
Tsolido have some big player insider like First quantum minerals, Internationnal finance corporation and Azur LLC. Maybe someone take a position on the private placement.
Raypar