Laconia Resources Ltd. was granted two new prospecting licenses in Botswana, together called the Kraaipan West polymetallic project, the company said June 7.
The Kraaipan West project comprises PL064/2017 and PL065/2017, covering 584 square kilometers and 446 square kilometers land area respectively and the licenses are valid for three years.
The project is about 30 kilometers to the west of Laconia's recently acquired Kraaipan polymetallic project and expands the company's landholding covering highly prospective greenstone rocks in southern Botswana by almost 120% to 1,896 square kilometers.
Laconia plans to immediately kick off a comprehensive, targeted exploration program on the 50 strike kilometers of highly prospective, greenstone rocks within its flagship Kraaipan project.
This exploration program will utilize geochemical and geophysical techniques which have been used to find gold deposits in Australia's Yilgarn Goldfield.
If these exploration techniques are successful on the Kraaipan project, the company will apply these techniques over the Kraaipan West project. The Kraaipan West exploration program will also comprise regional soil sampling and drill testing.