TAWANA RESOURCES NL has entered into a joint venture with its strategic alliance partner Guma Resources Ply Ltd to explore and mine under contract the Lexshell alluvial diamond project in the Northern Cape Province of South Africa. The project is located on a palaeochannel of the Vaal River adjacent to established alluvial diamond mines. The project is hold under a mining right by Lexshell 366 Mining (Pty) Ltd. Tawana/Guma have jointly entered into a contractor's agreement with the holder, which will enable Tawana to assess the economic potential of the deposit and, if warranted, mine the diamonds on behalf of the JV partners.
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