Latest news with #polymetallic
Yahoo
7 days ago
- Business
- Yahoo
Kirkland Lake Discoveries Intersects Intrusion-Related Polymetallic System at KL West Property
Toronto, Ontario--(Newsfile Corp. - August 12, 2025) - Kirkland Lake Discoveries (TSXV: KLDC) (OTCID: KLKLF) ("KLDC" or the "Company") is pleased to announce it has intersected a polymetallic mineral system in its first drill hole, KLD25-28, at the Winnie showing on the KL West property. KLDC intersects significant massive, semi-massive and disseminated sulphides. This drilling confirms the system is intrusion-related, unlocking 17 km of highly prospective intrusion contact potential, with geophysics and geochemistry pointing to the most promising targets. More drilling will be done at the Winnie showing after assays and analysis are complete - regional test drill holes are being conducted currently to test additional intrusion contacts for similar rocks, alteration and mineralization. "The geological characteristics we've encountered in our very first drill hole have exceeded our expectations and fundamentally validate our interpretation of the Winnie system," said CEO Stefan Sklepowicz. "We've encountered the complete intrusion-related deposit fingerprint — intense silicification, magnetite alteration, and multiple styles of sulphide mineralization spanning over 12 meters of core. This geological evidence confirms we're dealing with a large-scale hydrothermal system, not an isolated occurrence. The fact that we intersected this mineralization in proximity to a 17-kilometer intrusive contact provides compelling geological support for our thesis of a district-scale mineralizing system. While we await assays to quantify the grades, the rock textures and alteration assemblages we're seeing are consistent with the deposit models that have created some of the Abitibi's most significant discoveries." Visual inspection of the drill core shows characteristics of intrusion-related mineralization consisting of disseminated, semi-massive and massive sulphides associated with strong silicification. Mineralization includes chalcopyrite, sphalerite, pyrite and magnetite. The alteration and sulphide mineralization styles appear consistent with an intrusion-related VMS or skarnoid-type polymetallic system. Further geological and geochemical analysis as well as additional drilling will be conducted to better understand the mineralizing system. Highlights of Drill Hole KLD25-28: The drill hole intersected a system featuring the key geological markers of a large-scale, intrusion-related deposit: A classic alteration "fingerprint": The core exhibits intense alteration signatures directly associated with this deposit model, including strong silicification and magnetite, indicators of a large, hot, and fertile hydrothermal system (see Figure 1). Multiple Zones of Massive and Disseminated Sulphides: 4.42m of semi-massive to massive sulphides from 23.00m. (Figure 2) 1.14m of massive sulphides from 39.25m. (Figures 3 & 4) An 8.00m zone of disseminated pyrite and chalcopyrite within strongly silicified basalt from 15.00m. Proximity of Winnie Stock: Polymetallic intrusion-related deposits are typically associated with felsic intrusive bodies, where hydrothermal and magmatic contact with surrounding rocks concentrates polymetallic minerals. The Winnie Stock has an untested 17-km perimeter. (Figure 5) Figure 1: Disseminated pyrite and chalcopyrite associated with coarse sphalerite (red-brown) in an intensely silicified basalt (KLD25-28, 20.90m downhole).1 To view an enhanced version of this graphic, please visit: Figure 2: Massive band of chalcopyrite within massive pyrite-chalcopyrite (KLD25-28, 25.5m downhole).1 To view an enhanced version of this graphic, please visit: Figure 3: Massive pyrite with chalcopyrite (KLD25-28, 39.5m downhole).1 To view an enhanced version of this graphic, please visit: Figure 4: Semi-massive to massive pyrite with chalcopyrite (KLD25-28, 40.5m downhole).1 To view an enhanced version of this graphic, please visit: Figure 5: Magnetic survey map (1VD) outlining the approximate 17-km perimeter of the Winnie Intrusion, showing the location of the Winnie Shaft and proposed drill holes. Magnetic highs (red/purple) correspond to areas of interest along the intrusion contact, where gold, copper (intrusion-related) and polymetallic VMS occurrences are documented. Anomalous soil results further highlight high-priority targets along the intrusion margin. KLD25-28 is proximal to the Winnie Shaft. To view an enhanced version of this graphic, please visit: Geological Significance The intersection of intrusion-related polymetallic mineralization at Winnie Lake is a significant breakthrough for the Kirkland Lake camp and the Company's landholdings. The 17-km perimeter of the Winnie Stock, combined with the deposit model, presents strong potential for additional discoveries of this nature. Encountering a system with this combination of intrusive rocks, alteration, and mineralization in the Company's first drill hole is a major technical success and a meaningful step forward in exploration of the area. Within the Blake River Group of rocks, intrusion-related deposits display similar mineralization and alteration as to what has been observed in KLD25-28. Some of the most significant production centers and recent discoveries in the Abitibi are found within the Blake River Group including La Ronde, Horne and Upper Beaver. Samples from drill hole KLD25-28 have been securely transported to the laboratory for analysis. Results are pending and will be released once they are received and verified. Video Footage The latest episode of KLDC's Treasure Hunters YouTube series features video of the core and discussions with Senior Geologist Drake Hyden and CEO Stefan Sklepowicz. QP Statement The technical information contained in this news release has been approved by Mike Kilbourne, Senior geologist and independent contractor, who is a Qualified Person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. About Kirkland Lake Discoveries Corp. Kirkland Lake Discoveries Corp. (TSXV: KLDC) has assembled a 400-km2 exploration portfolio in the Kirkland Lake region of Ontario's Abitibi Greenstone Belt—one of the most prolific mining districts in the world. The Company's properties span key fault zones, geophysical anomalies, and volcanic-sedimentary contacts within the Blake River Group—a highly prospective assemblage known to host both gold and polymetallic VMS deposits. With multiple anomalous soil trends, historical showings, and structural intersections now permitted for exploration, KLDC is advancing a pipeline of drill-ready targets across its KL East and KL West project areas. The team combines strong technical experience with a focus on smart, efficient exploration designed to deliver results. For additional information, please contact: Stefan SklepowiczChief Executive 226 979 3515stefan@ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property. This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operations and activities of Kirkland Lake Discoveries, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Company's drill program, the results thereof, and any impact therefrom. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Kirkland Lake Discoveries, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, changes in general economic, market and business conditions, and the ability to obtain any requisite approvals. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Kirkland Lake Discoveries does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws. 1Examples of drill core photos are included to show the different styles of lithology, alteration, and mineralization, and are not necessarily representative of the entire length of specific intervals discussed within this release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News.com.au
11-08-2025
- Business
- News.com.au
Resources Top 5: Many Peaks charges to record high on broad, high-grade gold in Côte d'Ivoire
Strong gold results to the viability of any potential bulk tonnage operation at Ouarigue prospect ETM has near-term critical minerals production opportunity in Spain Dante polymetallic project confirmed as a globally significant critical minerals discovery Your standout small cap resources stocks for Monday, August 11, 2025 Many Peaks Minerals (ASX:MPK) Broad, high-grade gold hits from the Ferké gold project in Côte d'Ivoire, including 75m at 6.11g/t from 427m, have seen Many Peaks Minerals charge to a new record of 90c, a lift of 25% on the August 8 close, and the market cap has lifted to about $108.47m. Extension and infill drilling at Ferké this year reveals that gold grades increase with depth and this along with potential increases in volume – point to the viability of any future bulk tonnage operation. Many Peaks Minerals (ASX:MPK) has high hopes for the Ouarigue prospect within the larger Ferké project that hosts a >37km corridor of gold anomalism where limited drill testing has occurred to date. The target is hosted in a tonalite intrusive unit, which is a similar host setting to the multi-million-ounce Bankan and Fekola deposits. MPK's diamond drilling program was extended from 6,000m to 15,000m earlier this year, with assays from six diamond holes at Ouarigue returning: 75m at 6.11g/t gold from 427m, including 7.07m at 52.9g/t; 87m at 1.50g/t Au from 340m, including 12m at 6.15g/t; 35.85m at 1.77g/t Au from 378.15m, including 10m at 4.14g/t; and 44m at 1.16g/t Au from 135m including 2m at 5.27g/t from 172m. The program has successfully added material volume to the mineralised intrusion, with gold mineralisation extended down-dip and south along strike. 'High-grade gold intercepts at Ferké, including today's 75m at 6.11g/t, continue to underpin the likelihood of a significant discovery in progress at our flagship project in Côte d'Ivoire,' managing director Travis Schwertfeger said. 'Our team is pleased to see a strong continuity of gold mineralisation in context of a bulk tonnage target at Ouarigue, and we are excited about the significant underground potential the high-grade intercepts represent for continuing exploration upside.' Diamond drilling continues with two drill rigs active on site enabling the company to complete 46 diamond core holes totalling more than 13,200m completed since the program started in April. Assays from 22 of these holes for more than 5700m remain pending. A further 4000m of diamond core drilling is planned as MPK works to define the extent of gold mineralisation. Energy Transition Minerals (ASX:ETM) A successful bid announced on August 7 for the Penouta tin-tantalum-niobium mine in Galicia, Spain, not only presents Energy Transition Minerals (ASX:ETM) with a near-term production opportunity, it has seen the company charge ahead on the ASX. Shares reached a 4-year high of 15c, a 173% increase on the previous close, with more than 116m changing hands valued at more than $13m. The offer of €5.2million (A$9.2 million) was successful for the mine and processing plant and will see ETM transition into a multi-asset, EU-based operator, expanding its strategy beyond a single asset in Greenland, its Tier-1 Kvanefjeld rare earths project. Penouta last operated in 2024 and is the only developed tin-tantalum-niobium project in the European Union. The bid aligns Penouta and ETM with the EU's goal to increase critical mineral production and enhance supply chain security. ETM said it represented a deep value opportunity, with the mine and processing plant acquired for well below the €28m (A$49.8m) cost of historical investment including processing infrastructure. ETM managing director Daniel Mamadou said securing the mine was a huge opportunity for the company as it was the only recent producer of the critical metals in Europe. 'This acquisition represents a compelling entry point into a near-term production opportunity for tin, tantalum and niobium, all of which are critical to Europe's industrial and technological ambitions,' he said. 'Importantly, Penouta also stands as the only current source of tantalum and niobium in the European Union, adding a key ethical dimension to sourcing conflict-free critical minerals. 'The upside for tantalum, particularly as an essential input for the semi-conductor industry, further enhances the strategic value of the acquisition.' Penouta has a Foreign Mineral Resource calculated in 2021 comprising an indicated and measured resource of 76.3Mt grading 149ppm tantalum pentoxide equivalent (443ppm tin and 73ppm tantalum). It also has an inferred 43-101 resource of 57Mt at 129ppm Ta2O5. Terra Metals (ASX:TM1) Terra Metals (ASX:TM1) has confirmed the Dante polymetallic project in WA as a globally significant critical minerals discovery after defining a maiden resource with plenty of upside and shares increased 24.64% to 8.6c, a new 12-month high. The resource of 148Mt grading 14.8% titanium dioxide, 0.54% vanadium pentoxide, 0.18% copper and 0.33% PGE and contains 22Mt TiO2, 800,000t V2O5, 270,000t copper, 400,000oz gold, 880,000oz platinum and 330,000oz palladium. It includes a high-grade indicated resource of 38Mt at 18.4% TiO2, 0.73% V2O5, 0.23% copper and 0.72g/t 3PGE. This resource was defined within 12 months of initial discovery and was made at a low discovery cost of 7c per tonne, highlighting the simple, laterally extensive and near-surface nature of the system. Adding further interest, the resource covers less than 10% of the mapped mineralised trend, which remains open along strike and at depth. Initial metallurgical testwork using flotation and magnetic separation has also confirmed excellent recoveries and concentrate grades across all key metals – titanium, vanadium, copper, gold and platinum – with optimisation work ongoing. Dalaroo Metals (ASX:DAL) Dalaroo Metals (ASX:DAL) has completed a strongly supported placement for $1m with proceeds to progress the next phase of exploration in Cote d'Ivoire as well as its Greenland and WA projects. Funds will also be used to assess new complementary business opportunities. There were 35.1m fully paid ordinary shares issued at 2.5c per share with DAL also issuing 11.7m 1:3 free attaching options, exercisable at $0.036 each, expiring on August 23, 2029. The placement was conducted on an invitation only basis and cornerstoned by existing large shareholders of the company, Dalaroo's in-country partners in Cote d'Ivoire and all three directors. Bids received were significantly in excess of the minimum amount sought. Beacon Minerals (ASX:BCN) After stage 2 grade control drilling at the Lady Ida gold project in WA returned bonanza-grade intersections, Beacon Minerals (ASX:BCN) reached $1.67, a high of almost six years and a lift of 28.96% on the previous close. The 298-hole program for 16,506m, the largest RC drill program ever conducted by BCN, was aimed at increasing geological confidence in the Iguana stage 1 pit and results have been received from the first batch of 2,970 assays from multiple mineralised zones. Significant intersections include: 5m at 39.3g/t Au from 49m, including 1m at 179g/t from 49m; 6m at 46.8g/t Au from 32m, including 2m at 135.5g/t from 32m; 2m at 39.9g/t Au from 41m, including 1m at 75.9g/t from 41m; and 2m at 21.9 g/t Au from 18m. Beacon expects the remaining 13,536 assay results to be received over the next six to eight weeks. This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. While Many Peak Minerals and Terra Metals are Stockhead advertisers, they did not sponsor this article.
The Australian
11-08-2025
- Business
- The Australian
TM1's maiden Dante resource hints at more
Special Report: Terra Metals' Dante polymetallic project in WA has been confirmed as a globally significant critical minerals discovery after the definition of a maiden resource with plenty of upside. Terra defines 148Mt resource with 14.8% titanium dioxide plus significant vanadium, copper, gold and platinum at Dante Resource covers less than 10% of mapped mineralised trend and was defined within 12 months of discovery Phase 3 drilling imminent with metallurgical optimisation testwork underway Leading independent consultant Ken Lomberg from Pivot Mining Consultants pencilled in a resource of 148Mt grading 14.8% titanium dioxide, 0.54% vanadium pentoxide, 0.18% copper and 0.33% PGE. This represents resources of 22Mt TiO2, 800,000t V2O5, 270,000t copper, 400,000oz gold, 880,000oz platinum and 330,000oz palladium. It includes a high-grade indicated resource of 38Mt at 18.4% TiO2, 0.73% V2O5, 0.23% copper and 0.72g/t 3PGE. Terra Metals (ASX:TM1) noted that this resource was defined within 12 months of initial discovery and was made at a low discovery cost of just 7c per tonne, which highlighted the simple, laterally extensive and near-surface nature of the system. Adding further interest, the resource covers less than 10% of the mapped mineralised trend, which remains open along strike and at depth with reconnaissance continuing to expand the known footprint. Initial metallurgical testwork using flotation and magnetic separation has also confirmed excellent recoveries and concentrate grades across all key metals – titanium, vanadium, copper, gold and platinum – with optimisation work ongoing. Titanium metal is much sought after in the aerospace sector for its high strength and light weight compared with steel. 'Our maiden mineral resource confirms Dante as a globally significant critical metals discovery — and to achieve it within just 12 months, at a very low discovery cost per tonne of resource, is an exceptional result,' managing director Thomas Line said. 'Not only have we exceeded our previous exploration target but the quality of the mineral system — its scale, near-surface continuity, metallurgical performance and growth potential — positions Dante as a strategic, long-life critical metal asset on a global scale.' Outcropping magnetite reefs relative to the location of resource and drill holes at Dante. Pic: Terra Metals Dante project The Dante project in WA's West Musgrave region differs from other titanium projects in key aspects with its multi-commodity nature. It encompasses titanium, copper, gold, vanadium and platinum, and sits in hard rock mineralisation rather than the typical heavy mineral sands. The Dante Reefs are a series of gently dipping, laterally extensive mineralised layers which outcrop from surface and run for at least 42km, believed to mirror the Bushveld province of South Africa, which houses some of the world's largest, longest running and most profitable PGE, copper, nickel and gold operations. Recent tenement acquisitions have extended strike potential to over 80km, with hundreds of kilometres of prospective stratigraphy within the project's footprint. Metallurgical testing using simple and low-cost processing techniques returned promising recoveries of 95.8% for copper, 65.6% for titanium, 90.9% for vanadium, 74.4% for platinum group metals and 75.8% for gold. This work also demonstrated high-grade concentrate products, including a high-grade 28% copper, 17g/t gold and 21.4g/t PGM sulphide concentrate as well as a high-grade titanium-ilmenite concentrate and a high-grade vanadium-magnetite concentrate, which highlight Dante Reefs' potential to be a competitive producer of multiple strategic mineral products from a single source. TM1 is currently planning to carry out Phase 3 drilling imminently. This includes infill and extensional drilling at Reef 1 North (Crius), Reef 2 (Hyperion), and Reef 1 South (Oceanus) as well as the testing of new targets identified across the broader Dante trend, including outcropping mapped reefs and electromagnetic targets. Metallurgical optimisation work is underway to support future scoping and feasibility studies while reconnaissance exploration is expected to continue to expand the strike of known reef systems. Additionally, high resolution airborne magnetics is planned on the recently acquired HRM tenements (Dante West). This article was developed in collaboration with Terra Metals, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Yahoo
06-08-2025
- Business
- Yahoo
Kirkland Lake Discoveries Initiates Inaugural Drill Program to Test Intrusive Polymetallic Mineralization Around Winnie Pluton
Toronto, Ontario--(Newsfile Corp. - August 6, 2025) - Kirkland Lake Discoveries (TSXV: KLDC) (OTCID: KLKLF) ("KLDC" or the "Company") is pleased to announce the commencement of its inaugural diamond drill program (the "Program") at the KL West Project and Winnie Lake Project, located in the prolific Abitibi Greenstone Belt near Kirkland Lake, Ontario. This milestone marks a major advancement in the Company's exploration efforts as it targets an intrusive-related polymetallic system with compelling discovery potential. The Program will follow up on both historical drilling and recent surface exploration results, which together support a new geological model: that the Winnie Pluton is the source of the surrounding polymetallic mineralization. This updated interpretation evolved over the past year, beginning with broad soil geochemistry identifying elevated pathfinder elements around the pluton, and refined through the Company's spring exploration program, which uncovered significant new mineralization and structural context. Highlights from recent work: From the July 9th, 2025 News Release: High-grade grab samples from the Winnie shaft area returning values up to 5.7% copper (Cu), 5.3% zinc (Zn), 1.6 g/t gold (Au), and 28.2 g/t silver (Ag). A grab sample from a quartz vein within the intrusion containing 1,235 g/t bismuth (Bi), 0.13% Cu, 0.03 g/t Au, and 12.75 g/t Ag. From the July 24th, 2025 News Release: Channel sampling at Mini Winnie returning 2.05% Cu, 735 g/t Bi, 0.108 g/t Au, and 5.5 g/t Ag over 0.6 m, A quartz-vein-dense area within the intrusion averaging 35.5 g/t Bi over 17 m. In 2024, soil geochemistry at KL West identified seven key areas of elevated pathfinder minerals surrounding the Winnie Pluton, several were coincident with magnetic high responses. This initial drill campaign will test multiple targets both within the intrusive body and along its contacts (see Figures 1 and 2), prioritized based on geochemical anomalies, geophysical signatures, and geological mapping. The objective is to validate the intrusive-related model and identify mineralized zones of continuity at depth for follow-up drilling. Figure 1: Planned drill holes at KL West testing coincident geophysical and geochemical anomalies. To view an enhanced version of this graphic, please visit: Figure 2: Planned drill hole locations targeting mineralized trends at surface and magnetic lows within the intrusion at Winnie Lake Project. To view an enhanced version of this graphic, please visit: "This is a very exciting moment for KLDC," said Stefan Sklepowicz, CEO of Kirkland Lake Discoveries. "KL West and Winnie Lake represent a rare opportunity to test a potentially significant polymetallic system that has seen limited modern exploration. With strong surface results, supportive geology, and a well-developed model, we believe this program could be a catalyst for a new discovery." The planned ~2,000m drill program is expected to complete within August. Assay results will be released as received and interpreted. QP Statement The technical information contained in this news release has been approved by Mike Kilbourne, Senior geologist and independent contractor, who is a Qualified Person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. About Kirkland Lake Discoveries Corp. Kirkland Lake Discoveries Corp. (TSX-V: KLDC) has assembled a 400-km2 exploration portfolio in the Kirkland Lake region of Ontario's Abitibi Greenstone Belt-one of the most prolific mining districts in the world. The Company's properties span key fault zones, geophysical anomalies, and volcanic-sedimentary contacts within the Blake River Group-a highly prospective assemblage known to host both gold and polymetallic VMS deposits. With multiple anomalous soil trends, historical showings, and structural intersections now permitted for exploration, KLDC is advancing a pipeline of drill-ready targets across its KL East and KL West project areas. The team combines strong technical experience with a focus on smart, efficient exploration designed to deliver results. For additional information, please contact: Stefan SklepowiczChief Executive 226 979 3515stefan@ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operations and activities of Kirkland Lake Discoveries, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Company's drill program, the results thereof, and any impact therefrom. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Kirkland Lake Discoveries, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, changes in general economic, market and business conditions, and the ability to obtain any requisite approvals. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Kirkland Lake Discoveries does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-07-2025
- Business
- Yahoo
Botswana Diamonds secures licences with AI exploration
Botswana Diamonds has secured four prospecting licences in Botswana, marking a significant milestone achieved through an innovative AI-driven exploration programme. The licences, which cover an area of 2,644km², have been granted for diamond exploration in strategically identified regions with high potential. The awarded licenses – PL298, PL303, PL304 and PL305 – are valid until 2025 and span diverse locations including the Serowe area north-west of Mahalapye, near the South African border south-west of Jwaneng, north-east of Lerala in eastern Botswana, and close to the KX36 in the Kalahari. The licence near Jwaneng Mine is particularly noteworthy due to its promising anomaly signatures, suggesting the presence of multiple potential kimberlite sources. The AI models employed by Botswana Diamonds incorporated various factors indicative of diamond presence, such as mineral chemistry, proximity to major geological structures and specific geophysical anomalies. The methodology also considered the presence of slightly abraded stones, shallow Kalahari cover and the characteristic low magnetic signatures of Group 2 kimberlites, which are typically ilmenite poor. Beyond the diamond-focused licences, the AI exploration models have also identified non-diamond targets, leading to 11 polymetallic licence applications for minerals such as cobalt, copper, gold, nickel, platinum group metals, silver and zinc. Some of these applications cover areas previously unexplored for copper-related signals. The company has received provisional acceptance for these applications and anticipates further positive developments regarding their official granting. "Botswana Diamonds secures licences with AI exploration" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
