This is the make or break announcement for CCC...through 2010 and 2011 there was a lot of hype around Botswana and its results...
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Continental has interests in 3 Prospecting Licenses in Botswana
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Prospecting licenses cover an area of 964km²over Botswana’s coalfields
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Botswana’s coalfields are considered highly prospective and are largely an extension of South Africa’s Waterberg coalfield
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Botswana’s coalfields are estimated to contain 212Bt of thermal coal, approx. 65% of Africa’s total coal resources
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Prospecting licenses were awarded to Mashala’s wholly owned Botswana subsidiary, Weldon Investment (Pty) Ltd in February 2009
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Independent geological consultants have determined an Exploration Target* of between 6-7 Bt of coal of which 2.7 Bt of coal was identified to be at shallow to moderate depth
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This is the make or break announcement for CCC...through 2010...
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