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BOTSWANA METALS LIMITED

ASX: BML

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Description

Botswana Metals has been formed to capitalise on the base and precious metal opportunities represented in A-Cap Resources Limitedís tenement portfolio. As a result, the Company has a significant holding of relatively advanced projects in Botswana, as well as the experience and network of contacts to rapidly progress into a potentially profitable, sustainable company.

All tenements held by A-Cap in Botswana are shown in Figure 1. The tenements which hold significant base and precious metal exploration potential are highlighted in Figure 2. Under the agreement between A-Cap and BML these PLís are being transferred to African Metals (Pty) Ltd a wholly owned subsidiary of BML. The PLs being transferred are PL110/94, PL111/94, PL 14/2003, PL54/98, PL47/2004, PL46/2004, PL 44/2004, PL48/2004, PL 130/2005 together with A-Caps 20% joint venture interest in PL18/2004 (Jimís Luck).

An application for a new Prospecting Licence (Shashe South) has been submitted to the Department of Geological Survey (DGS). The Shashe South application has been applied for by African Metals (Pty) Ltd in its own right and is in the application stage only.

The prospecting licences in Botswana comprise tenements in geographically and geologically distinct areas including the Tati Schist Belt, and the Limpopo Mobile Belt. The Limpopo Mobile belt is a major Proterozoic deformation zone which forms the link between the Archaean aged Zimbabwe Craton and the Kapvaal Craton. Regionally the Tati Schist Belt occurs as an isolated ďgreenstoneĒ belt in the southwest corner of the Zimbabwe Craton.

Mine For

nickel, cobalt, copper, silver, lead, zinc

Location of operation(s)

Botswana

Address

Se 5, Level 1, 310 Whitehorse Rd
BALWYN, VIC, AUSTRALIA

Phone

(61 3) 9830 7676

Email

Website


Last Updated

19/04/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.