EHR allies with Diamond Exploration Strategies
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(Kitco News) - EHR Resources (ASX:EHX) said today it allied with Diamond Exploration Strategies, a private company focused on diamond exploration in Botswana. EHR will provide $1.5 million funding over three years for exploration activities and will earn 50% on any discoveries made.
"Having a generative early stage exploration program in Botswana is a key component of our balanced portfolio of diamond investments, and follows our redent entry into more advanced exploraiton in Canada as we carefully execute our broader diamond sector strategy," said EHR's Managing Director, Peter Ranvenscroft, in a news release.
EHR has diamond projects in Quebec and Nunavut.
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