Tsodilo Resources reports that in terms of the Stock Option Plan of the Company and a policy adopted by the board of directors in September 2002, 260,000 stock options were granted to officers and senior employees on January 2, 2014, at CDN $0.75 per common share. These options are valid for five years and vest in four equal installments on January [...]
Tsodilo Resources is pleased to announce it has engaged SRK Consulting to prepare an initial National Instrument 43-101 compliant Mineral Resource Estimate and Technical Report for the Company's Botswana subsidiary, Gcwihaba Resources, on a portion of the Xaudum Iron Ore Project.
Tsodilo Resources is pleased to announce new metallurgical magnetic concentrate test work results conducted by ALS Minerals Division, Iron Ore Technical Centre. Highlights: All mineralized units within the Xaudum Iron Project are capable of producing premium grade magnetite product of >68% Fe. The test work confirms the coarse grained nature of [...]
Tsodilo is pleased to provide an update of its Botswana Iron Ore exploration activities, as well as its general Botswana exploration programs July through October 2013. Summary: Thirty (30) Iron Ore exploration (resource definition) holes were drilled during the period totaling 4,968.75 meters. Twenty-three (23) of these holes intersected 1,795.05 [...]
Tsodilo Resources is pleased to announce that, further to its previously announced memorandum of understanding with First Quantum Minerals Ltd. the Company, its wholly-owned subsidiary Gcwihaba Resources, First Quantum and First Quantum's wholly-owned subsidiary Faloxia have entered into a definitive Earn-In Option Agreement pursuant to which [...]
Toronto, Ontario CANADA, September 12, 2013 /FSC/ - Tsodilo Resources Ltd. (TSD - TSX Venture), ("Tsodilo" or the "Company") is pleased to announce that First Quantum Minerals ("FQM") initial drilling program has recently commenced. The drilling program will take place on metal licenses held by Tsodilo which form the project area of the strategic [...]
Toronto, Ontario CANADA, September 10, 2013 /FSC/ - Tsodilo Resources Ltd. (TSD - TSX Venture), ("Tsodilo" or the "Company") is pleased to announce that First Quantum Minerals ("FQM") has commenced a major airborne electro-magnetic survey in northwest Botswana. The survey will cover the metal licenses held by Tsodilo which form the project area of [...]
Tsodilo Resources is pleased to report that it has hired Dr Alistair B. Jeffcoate as Project Manager / Chief Geologist to lead it metals exploration and resource development programs, particularly its' iron ore project, in Botswana. Dr Jeffcoate has spent his entire professional career with the Rio Tinto group of companies including Rio Tinto Iron [...]
The drilling and the ground geophysical program during June concentrated on northern part of the layered and massive magnetite banded ironstone formation associated with the Xaudum Magnetic Anomaly which is intimately associated with deformed diamictites resembling glacial deposits. These rocks have been identified as being part of a Rapitan type [...]
Correction by Tsodilo Resources Limited: First paragraph, changed the number 2,5000,000 to read 2,500,000. The corrected release reads: Tsodilo Resources Limited Closes Private Placement Financing Agreement with First Quantum Minerals
Tsodilo is pleased to announce that it has closed the Private Placement Financing Agreement with First Quantum Minerals previously announced on April 18, 2013, for gross proceeds to the Company of C$2,5000,000. The Financing is for 2,272,727 units of the Company. Each Unit is comprised of one common share priced at C$1.10 and one common share [...]
Tsodilo is pleased to announce that it has entered into a strategic partnership with First Quantum Minerals. Under the terms of a binding Memorandum of Understanding dated April 17, 2013 entered into between the Company, its wholly-owned subsidiary Gcwihaba Resources, First Quantum and First Quantum's wholly-owned subsidiary Faloxia, First Quantum [...]