AFRICA SPECIAL — Fancamp Resources picks up Botswanan prospecting licence

Burnaby, B.C.-based Fancamp Resources (FNM-V) has added a sixth prospecting licence to its holdings in Botswana’s Kalahari Suture area.

The 7,400-sq.-mile Okwa licence, which is near the Namibian border in the west-central part of the country, was explored for diamonds by De Beers Consolidated Mines in the late 1980s. Fancamp, however, is more interested in the licence’s base metal potential.

Surveys by the Botswanan government catalogued chip samples from a network of bedrock water wells in the licence area. The samples have been stored and will be available to Fancamp for geochemical testing. The company is also interpreting aeromagnetic survey results from the De Beers program.

The overburden cover at the licence is less shallow than in other areas of the Kalahari, and there is some bedrock exposure in river valleys. Fancamp plans to carry out airborne electromagnetic surveys in order to identify conductors.

On the Southern Block licence area, about 300 km south, 50-50 partners Fancamp and Freewest Resources Canada (FWR-T) have completed five drill holes and are conducting petrological and geochemical work.