Namterra licenced to search for gems

THE Ministry of Mines and Energy has awarded five exclusive licences to Namterra Mineral Resources (Pty) Ltd.

for the prospecting of precious stones, a leading minerals website has revealed. The licences expire in May 2009 and cover approximately 1 000 square kilometres of off-shore territory.Namterra is the Namibian subsidiary of Terra Insight Corporation, itself a wholly owned operating subsidiary of CompuPrint, Inc., an energy technology company that combines satellite-based technology with traditional exploration services.CompuPrint provides mapping, surveying, and analytical services to exploration companies and is based in New York City.The Chief Executive Officer of CompuPrint, Roman Rozenberg this week said, “This is an exciting opportunity for us, as we expand our thrust to natural resources in Africa, in addition to our current oil and gas projects in the United States and Turkey, and it is consistent with our business model of obtaining ownership interests in our exploration projects.”To develop properties underlying these licenses, Rozenberg said his company planned to deploy its specially designed STeP technology for the exploration of natural resources other than oil and gas activities.Rozenberg added this type of technology had previously been used successfully in prospecting for diamonds.”Using STeP technology, we plan to reconstruct a modelling of the historic shoreline, the paleoriver flows, and thereby identify the eroded kimberlite pipes to predict the potential off-shore traps for alluvial diamonds.”We expect to expand our diamond and other minerals prospecting projects this year,” he said.The licences expire in May 2009 and cover approximately 1 000 square kilometres of off-shore territory.Namterra is the Namibian subsidiary of Terra Insight Corporation, itself a wholly owned operating subsidiary of CompuPrint, Inc., an energy technology company that combines satellite-based technology with traditional exploration services.CompuPrint provides mapping, surveying, and analytical services to exploration companies and is based in New York City.The Chief Executive Officer of CompuPrint, Roman Rozenberg this week said, “This is an exciting opportunity for us, as we expand our thrust to natural resources in Africa, in addition to our current oil and gas projects in the United States and Turkey, and it is consistent with our business model of obtaining ownership interests in our exploration projects.”To develop properties underlying these licenses, Rozenberg said his company planned to deploy its specially designed STeP technology for the exploration of natural resources other than oil and gas activities.Rozenberg added this type of technology had previously been used successfully in prospecting for diamonds.”Using STeP technology, we plan to reconstruct a modelling of the historic shoreline, the paleoriver flows, and thereby identify the eroded kimberlite pipes to predict the potential off-shore traps for alluvial diamonds.”We expect to expand our diamond and other minerals prospecting projects this year,” he said.