BTV News - July 12, 2021, Tsodilo Resources (TSX.V: TSD) Gcwihaba Resources (Pty) Ltd.    

On July 12, 2021 at 10:00 am, BTV presented on its “COVID-19 Daily Updates” program a live update address by Botswana Minister of Minerals Resources, Green Technology & Energy Security, Honorable Mr. Lefoko Moagi, Madame Selinah Mogojwa, Director of Mines, and Mr. Tiyapo Ngwisanyi, the Chief Executive Officer of the Botswana Geoscience Institute discussing mining concessions and investment opportunities in the mining sector. On this broadcast the esteemed guests gave updates on selected mining and exploration projects which included an update and discussion on the Tsodilo Resources Limited and its Botswana subsidiary Gcwihaba Resources (Pty) Ltd.’s Xaudum Iron Project in northwestern Botswana.

• An abbreviated version of the July 12, 2021 news broadcast with English subtitles can be downloaded and viewed at
• ‍The complete broadcast can be viewed on the Government’s website at

Tsodilo's (TSX.V: TSD) Xaudum Iron Project has a Inferred Mineral Resource of 441 million tonnes at average grades of 29.4% Fe, 41.0% SiO2, 6.1% Al2O3 and 0.3% P for Block 1 of the XIF

The company recently drilled and assayed 10 holes and confirmed that block 2a located 10 kilometres south of block 1 is a continuation of the same block 1 magnetite-rich units, which will result in a significant increase in the resource tonnage for the XIF project upon completion of the block 2a drill program.

Assay results for 10 holes drilled in block 2a show the following:

• Ten evaluation drill holes were drilled within the block 2a area of the XIF totalling 2,046.40 metres.
• The company intersected 1,197.70 metres of highly magnetic magnetite-rich iron mineralization of the same type as seen in block 1.
• Drilling results indicate that block 2a contains the same three magnetite resource lithological units that are seen in block 1 with the following average grades:
• Thirty-five point six per cent iron is the average block 2a grade of the major banded magnetite BIF unit coded MBA (inclusive of weathered material):
• Thirty-five point five per cent Fe was the average block 1 grade for MBA.
• Twenty-five point one per cent Fe is the average block 2a grade of the major magnetite diamictite schist unit coded DIM (inclusive of weathered material):
• Twenty point eight per cent Fe was the average block 1 grade for DIM.
• Twenty-five per cent Fe is the average block 2a grade of the minor magnetite garnet schist unit coded MGS (inclusive of weathered material):
• Twenty-two point one per cent Fe was the average block 1 grade for MGS.
• These results confirm that the units in block 2a are a continuation of the same magnetite-rich iron formation 10 kilometres south of block 1.
• Based on metallurgical Davis tube recovery (DTR) magnetic separation (P80 of 80 micron) results for block 1, a general average high-grade iron concentrate of 66 to 67 per cent Fe and above can be expected from block 2a.
• Block 2a will represent a significant increase in the XIF resource tonnages as it is of a similar size to block 1.

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