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Eastport awarded prospecting licences

Eastport Ventures Botswana (Pty) Ltd (EVB)

has recently been awarded two prospect-

ing licences for precious stones in Botswana.

Both licences are to the immediate north of

the very rich Jwaneng diamond mine.

Exploration is currently underway and

shortly EVB will mobilise a 3D IP chargeabil-

ity/resistivity ‘Full Waver’ system developed

by IRIS Instruments.

According to EVB, the Full Waver system

offers a unique opportunity to map and

explore the subsurface while overcoming

some of the drawbacks of other traditional

IP survey methods.

Eastport will externallymap and internally

define the features of the diamond-bearing

Kgare kimberlite as a first step in develop-

ing a geophysical signature for exploration

purposes.

Eastport’s exploration team will use the

data collected to refine the regional geology

in 3D to help overcome the difficulties of

kimberlite exploration in terrain where neu-

tralised magnetic signatures may occur.

Lucapa Diamond Company, listed on the

ASX, has announced a maiden JORC clas-

sified diamond resource estimate for the

advanced Mothae kimberlite diamond

project in Lesotho.

As was announced in late January this

year, Lucapa has been awarded a 70 %

interest in Mothae Diamonds (Pty) Ltd

(MDL), following a competitive tender

process run by the Government of Lesotho,

which retains a 30 % interest. MDL holds

the recently awarded 10-year mining

licence and other assets related to Mothae.

As part of the acquisition, Lucapa

engaged independent consultants The

MSA Group of Johannesburg to update

and convert the existing Canadian-

standard NI 43-101 resource estimate,

dated 28 February 2013, into a classified

JORC 2012 estimate.

The total indicated and inferred Mothae

diamond resource has been estimated by

MSA to be 38,96 Mt at a diamond grade of

2,7 carats per 100 tonnes, containing 1,04

million carats of diamonds at an average

modelled revenue of US$1 063 per carat

(to 300 m below surface, at a 2 mm bot-

tom screen).

In its report, MSA also highlighted the

potential upside to its diamond revenue

model, stating: “There is upside potential

for the average diamond value based on

the model value of large stones.”

Maiden JORC classified resource for Mothae

While the JORC classified indicated and

inferred diamond resource of 38,96 Mt is

calculated to a depth of 300 m, MSA has

modelled the Mothae kimberlite to a total

depth of 500 mbelow surface, correspond-

ing to a total estimated 77,4 Mt.

Mothae is located within 5 km of

Letšeng, the world’s highest US dollar per

carat kimberlite diamond mine.