Major financiers and Lucara to advance
Tsodilo Resources Ltd. [TSD-TSXV] holds a Prospecting License for the BK16 diamondiferous kimberlite pipe located in the prolific Orapa Diamond Field in Botswana.
The diamond mines in Botswana have produced an average of 27 million carats annually in the last 10 years and Botswana is the world’s largest producer of diamonds by value. In 2016, the OKF area produced 8.85 million carats.
Tsodilo’s BK16 kimberlite is approximately 27 km east-northeast of Lucara Diamond’s producing Karowe Mine that has recovered numerous spectacular gemstones, including the 1,109-carat Lesedi La Rona diamond that recently sold for US 53 million.
From exploration programs of previous operators some 108 diamonds (nearly 22 carats) were recovered with eight of those classified as Type IIa white all graded as D colour.
Type IIa diamonds are the most valued and with little nitrogen in its structure the purest type of diamonds. D colour diamonds are colourless.