Botswana Project

  • Botswana is the worlds' premier diamond production, sales and trading hub
  • Peregrine is leveraging 60 years of diamond exploration history
  • Deeply experienced Peregrine technical team
  • 100% ownership of eleven licenses covering 6,613 square kilometres across six projects

Botswana is the third largest producer of diamonds in the world with production of 23 million carats per year, or 17% of 2014 global production. Peregrine Diamonds entered Botswana in early 2015 through the acquisition of Diamexstrat Botswana, a privately held Botswana diamond exploration and development company. The acquisition gave Peregrine 100% ownership of strategic diamond prospecting licenses grouped into six project areas, all of which are managed by the experienced team at Diamond Exploration Strategies Limited.

OVERVIEW

The Sikwane and adjacent Malolwane project covers 1,102.5 square kilometres in an area with little or no Kalahari sediment cover. The Peregrine team is re-evaluating previous work on diamond-bearing kimberlites in the Sikwane license. Previous operators encountered sporadic elevated counts of kimberlitic indicators with compelling diamond-facies compositions in the Malolwane project, though the source kimberlite(s) have not been located. The results of Peregrine’s programs will guide future ground geophysical surveys and potential drilling.

The Mmashoro project area covers 16.3 square kilometres over a discrete opportunity that is close to drill-ready.

The Gope project area covers 1,000.8 square kilometres across two licenses, located 15 kilometres north and six kilometres west of the Ghaghoo diamond mine, respectively. Peregrine has re-interpreted detailed, low-altitude aeromagnetic data acquired by a previous operator and has isolated 20 significant anomalies. Models for five compelling anomalies have diameters of 340 to 500 metres at depths ranging from 70 to 120 metres. Surficial KIM sampling across these five targets and five other targets occurred in late 2015 and drill testing of KIM-positive priority targets is planned.

The Moralane project area covers 663.7 square kilometres at the edge of the Kalahari basin in east-central Botswana. The Moralane Project hosts a unique indicator mineral chemical signature that cannot be matched to indicators from known kimberlite clusters in the region. Four magnetic anomalies occurring in the source area of the unique indicators were drill tested in November, 2015 with inconclusive results. Work continues on other high-potential targets within the project.

The Nata project area covers 3,830 square kilometres in four contiguous licenses located approximately 140 kilometres to the northeast of the Orapa kimberlite province. The project area lies along the extension of a prolific Cretaceous kimberlite emplacement corridor that includes the Ghaghoo, Orapa, Karowe, Damtshaa and Lethlakane diamond mines. Peregrine will continue desktop-level target generation and on-the-ground target verification in the Nata project area.