DIAMOND PAGE — Serengeti Diamonds picks targets from data

Geophysical consultants for Serengeti Diamonds (SGD-V) have reprocessed data gleaned from airborne geophysical surveys flown over Tanzania by the South African firm Geosurvey between 1979 and 1981.

Serengeti says its database, acquired in 1995 and covering the entire country, is superior to that of any other company exploring in Tanzania.

Serengeti has used the database to identify an initial set of 400 potential kimberlite targets alongside or on significant faults, shears or lineaments.

A further 1,200 targets have been identified as possible kimberlites.

Serengeti’s consultants have recommended that these 1,600 targets be cross-Correlated with radiometric data, LANDSAT (satellite) imagery and aerial photography to set priorities for field work, including geochemical sampling. Serengeti is seeking joint-Venture participants in the ground follow-up program.

A significant portion of the kimberlite targets lies in the reconnaissance licence tenements granted to Serengeti’s Tanzanian affiliates. Nevertheless, because maintainence of its large reconnaissance licence areas has been deemed uneconomic, Serengeti has written down the carrying value of its Tanzanian land package to an amount approximating the most recent fiscal year’s evaluation work, namely $3 million.