REG - Botswana Diamonds - Drilling commences on Thorny River

Botswana DiamondsAnnouncement

18/07/2022 07:00

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RNS Number : 7052S  Botswana Diamonds PLC  18 July 2022

18(th) July 2022

 

Botswana Diamonds PLC

("Botswana Diamonds", "BOD" or the "Company")

 

Drilling commences on Thorny River

 

Botswana Diamonds plc ("BOD"), the London AIM and BSE listed diamond explorer,
is pleased to announce that drilling has started on the recently discovered
high-grade geophysical anomalies on Thorny River.

 

A minimum of ten reverse circulation drill holes are planned on four
high-grade gravity anomalies and the most prospective target identified by
Subterrane.  Subterrane, a UK-based specialist exploration research company,
has developed a proprietary methodology to integrate detailed structural
mapping with geophysics results and has been working on the property with BOD
for several years.  The objective of the drilling programme is to discover
additional blows on the Thorny River property in order to expand the resource
and thus pave the way for a future mining license or permit application(s).
Drilling will take around two weeks to complete.

 

Chairman, John Teeling commented: "This is an important next step in our drive
to establish a commercial operation at Thorny River. We are hopeful that these
additional holes will expand the resource base to allow a financial evaluation
of greater potential for the Thorny River diamond project".

 

Qualified Person

This release has been approved by James Campbell, Managing Director of
Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Fellow of the
Southern African Institute of Mining and Metallurgy, the Institute of
Materials, Metals and Mining (UK) and the Geological Society of South Africa
and who has over 35-years' experience in the diamond sector.

 
______

 

The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No
596/2014 which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018. The person who arranged for the release of this announcement on
behalf of the Company was James Campbell, Director.

 

A copy of this announcement is available on the Company's website, at
www.botswanadiamonds.co.uk (http://www.botswanadiamonds.co.uk)

Enquiries:

 Botswana Diamonds PLC

John Teeling, Chairman

                                        +353 1 833 2833
 James Campbell, Managing Director

                                        +27 83 457 3724
 Jim Finn, Director

                                          +353 1 833 2833
 Beaumont Cornish - Nominated Adviser     +44 (0) 020 7628 3396

Michael Cornish

 Roland Cornish
 Beaumont Cornish Limited - Broker        +44 (0) 207 628 3396

Roland Cornish

 Felicity Geidt
 First Equity Limited -  Joint Broker     +44 (0) 207 374 2212

Jason Robertson

 BlytheRay - PR                           +44 (0) 207 138 3206

Megan Ray

Rachael Brooks                          +44 (0) 207 138 3553

 Said Izagaren                            +44 (0) 207 138 3206

 Naomi Holmes                             +44 (0) 207 138 3206

                                          +44 (0) 207 138 3206
 Teneo

 Luke Hogg                                +353 (0) 1 661 4055

 Alan Tyrrell                             +353 (0) 1 661 4055

 Ciara Wylie                              +353 (0) 1 661 4055

 

www.botswanadiamonds.co.uk (http://www.botswanadiamonds.co.uk)

 

 

ENDS

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