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Botswana Metals reveals final assays from partner BCL Limited

Botswana Metals (ASX:BML) has advised that it has received the final batch of assay results from joint venture partner, BCL Limited.

The assays from the 12,000 million drilling campaign completed in 2015 at Maibele North.

BML recently received results for the final 5 outstanding extension holes that were analysed at BCL's in-house laboratory at the Selebi Phikwe mine.

Now that all assay results are available, independent consultants, Worley Parsons, can complete the ongoing pre-feasibility study that was commissioned late in 2015.

Highlights of the final batch of assay results include:

- 0.5 metres at 1.79% nickel, 0.24% copper, 3200 ppm cobalt, from 189.10 metres

- 1.0 metre at 0.67% nickel, 0.40% copper, 100 ppm cobalt from 200 metres

(Note: Assays performed at BCL Limited in-house laboratory - samples were not assayed for Au and PGEs.)

From the Botswana Metals board

The board of Botswana Metals said that it remains highly encouraged by the continuing good results from the Maibele North Project.

This batch of results has continued to return encouraging nickel, copper and cobalt mineralisation from sulphide zones along strike to the east and west of the current resource of 2.38 million tonnes at 0.72% nickel, 0.21% copper and 0.63g/t of PGE, plus gold.

The results now complete assaying on all holes from the 2015 drilling program and will facilitate the completion of the ongoing Pre-feasibility study currently in preparation by Worley Parsons.

The 2015 program was designed to provide infill detail within the existing resource to enable a new resource calculation to an indicated or measured status, as well as to test new conductors detected along strike and adjacent to the orebody that were detected in ground electro-magnetic programs undertakend in 2015.

The infill drilling has confirmed the extent of the existing mineralisation and, where signifcant sulphide zones have been encountered, metal contents of a similar tenor to that revealed by the 2014 drilling have been encountered.

The density of drilling data will enable an upgraded resource status and form an integral component of the ongoing Pre-feasibility studies.

The drilling of SQUID EM conductors along strike to the east of the resource has returned laterally continuous mineralisation for over 480 metres.

Drilling of this extension is in the early stage but the series of 80 metre spaced fences of holes have intersected sulphide mineralisation that remains open at depth and along strike.

This exciting new zone of mineralisation has the potential to add significant tonnes to the Maibele North resource. Further deep potential exisits at Maibele North, with the mineralisation open at depth across the entire deposit.

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