Gold in Botswana

Gold Home

Click HERE for an overview (Mbendi)

Click HERE for Botswana Government Declines Shareholding in Mining Company

Geology

The Tati and Vumba greenstone belts, near Francistown and the Zimbabwe border, host the structurally controlled gold mineralization. The extensions of the Kraaipan greenstone belt in southern Botswana is also being explored.

• Gallery Gold Ltd (Australian, Frankfurt:GGL.F, and also active in Tanzania) operates the Mupane mine and holds a number of known gold properties under prospecting licences. Mupane mine has a resource of 983 000 oz gold and is operating with a planned production of 100 000 oz gold per year. Golden Eagle mine, together with Monarch and Shashe, have a combined resource estimated at 2,1 million t grading 5,5 g/t Au or 362 000 oz gold and are on a care and maintenance basis. The Signal Hill deposit has an inferred resource of 1,68 million t grading 2,2 g/t Au or 119 000 oz gold, of which 56 000 oz is recoverable from open pit. The licences also cover the defunct Monarch and Shashe mines.

• Tawana Resources NL (TWNAF.PK) has been investigating the Somerset deposit (alluvial) which has an indicated one million t of gravel at a reported average grade of 2,85 g/t Au.

• Central African Gold plc (AIM:CAN) is exploring the extensions of the Kraaipan Greenstone Belt in southern Botswana at their Kraaipan and Mabule projects.

• Aquentium, Inc. announced on 27 September, 2007, that the company had signed a joint venture agreement with Mootah Energetic Pty. Ltd. for the exploration and mining of gold and uranium in Botswana. Under terms of the agreement, Aquentium, Inc. and Mootah Energetic Pty. Ltd. have the exclusive rights to prospect for gold and uranium for an initial period of three years. The mining concession was granted by the Minister of Minerals, Energy, and Water Resources of Botswana and covers an area that is five hundred seventy two point six square kilometers (572.6 km2) located in southern Botswana.