Vast Resources bag access in the Marange Diamond Fields

According to the Botswana Diamonds, Vast Resources plc awarded exclusive access for initial due diligence and Pre-Agreed Joint Venture Terms on a Community Trust Diamond Concession in the Marange Diamond Fields.

 

Botswana Diamonds announces that vast-who have signed a Memorandum of Understanding with BOD to develop diamond resources in Zimbabwe have been awarded exclusive access to a diamond concession area, the Heritage Concession, in what has become known as the Marange Diamond Fields in the Chiadzwa region of Zimbabwe.

 

The purpose of Vast’s agreement with a community organisation is to carry out initial due diligence on the area with a view to concluding a joint venture agreement, the principal terms of which have been agreed, for exploration, mining and marketing. The 15km² Heritage Concession is close to an area of Vast’s historic Marange Diamond Fields claim and is understood to be an extension of the same geological system.

 

John Teeling, Chairman, commented, “I am delighted that Vast has been awarded this exclusive access to part of the famous Marange diamond fields and we look forward working with them to realise the full potential of this area and others as they begin to emerge with Zimbabwe opening for business.”

 

 

Key: diamond mining, Zimbabwe diamond, Marange diamond

 

 

 

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