Botswana Diamonds and its joint venture partner Alrosa began the first phase of the drilling program of four wells on the exploration license PL 135 in the area PIMU (Gope) Kalahari desert in Botswana.
In Botswana Diamonds said that the license is a top priority for the intelligence and target drilling program is designed to identify new kimberlites.
Intensive soil sampling and electromagnetic studies have revealed anomalies in geology.
"As part of the drilling program on PIMU we develop areas in one of the most remote deserts on earth," - said the chairman of Botswana Diamonds Dzhon Tiling (John Teeling).
"None of the mining companies did not dare to carry out exploration or drilling here Yet preliminary geochemical and geophysical indicators are very positive." - he continues.
"We have the most modern exploration equipment, and cautiously optimistic about finding kimberlite" - Teeling said.
Drilling program results will be analyzed by mineralogists Alrosa, which are located in Botswana.
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A recent Thomson Reuters "Survey on gold GFMS: review and evaluation of the fourth quarter of 2015" (GFMS Gold Survey: Q4 2015 Review and Outlook) states that world demand for gold for the production of jewelry fell by 2% in the fourth quarter of 2015 over the same period the previous year.
The report said that the decline was largely the result of disappointing demand in China, but it was partly offset by an increase in demand in India.
In the fourth quarter 2015 production of jewelry in the world amounted to 564 tonnes, of which 144 tonnes came from China, 4% less than in the same period last year. In India, this figure increased by 3%. Consumption of jewelry in the fourth quarter of 2015 to draw up 584 tons, an increase of 1.2%.
Consumption of jewelry during the celebration of Labor Day in October in China has disappointed market participants, but in India during the reporting period there was a rise in consumption of 14% compared to the same period of the previous year, to 203.7 tonnes.
The total demand for gold in India amounted to 890 tons in 2015. The demand for the production of jewelry reached 703 tons and investment demand - 187 tons.
It is reported that in the fourth quarter 2015 gold production fell by 4%, showing the strongest decline since 2008. Processing volume of gold has increased by 1% during the reporting period, as the growth of this indicator in China and India offset the drop by 17% in the US, which are the third largest supplier of gold prorated.
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