REG - Botswana Diamonds - Drilling on Thorny River & Marsfontein Concessions

Botswana DiamondsAnnouncement

11/02/2020 13:15

RNS Number : 6581C
Botswana Diamonds PLC
11 February 2020
 


11th February 2020




Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
 
Drilling on Thorny River and Marsfontein Concessions
 
 
Botswana Diamonds ("BOD"), the AIM and BSE listed diamond explorer, is pleased to announce that drilling will start this week on targets identified on the Thorny River licence, followed immediately by drilling the high potential M8 dyke on the historic Marsfontein concession. The first phase will include 6 percussion holes on Thorny River and 3 on Marsfontein.
 
The targets on Thorny River are potentially new kimberlites, while the drilling on M8 is to assess the size of the proven kimberlite.  A second phase of drilling will follow immediately if discoveries are confirmed.
 
The Thorny River targets were selected after detailed field work by UK based Subterrane Ltd, a leading firm in new techniques integrating geophysical data and structural geology with data collected from extensive field mapping and Botswana Diamonds' geophysical database.  These drill ready targets include buried or obscured kimberlite pipes.  The analogue is the iconic Marsfontein diamond mine which was partially obscured by a dolerite dyke.
 
M8 drilling will establish potential as a high grade "blow".  Botswana Diamonds believes that M8 has unexplored potential.
 
 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
 
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, a Fellow of the Institute of Materials, Metals and Mining (UK) and with over 34-years' experience in the diamond sector. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
 
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. 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
ENDS
Enquiries:



Botswana Diamonds PLC 

John Teeling, Chairman
James Campbell, Managing Director
Jim Finn, Director
 


 
+353 1 833 2833
+27 83 457 3724
+353 1 833 2833




Beaumont Cornish - Nominated Adviser 

Michael Cornish
Roland Cornish
 




+44 (0) 020 7628 3396




Beaumont Cornish Limited - Broker 

Roland Cornish
Felicity Geidt
 


+44 (0) 207 628 3396




Novum Securities Limited -  Joint Broker 

Colin Rowbury


+44 (0) 20 399 9400
 




Blytheweigh - PR

Megan Ray

Madeleine Gordon-Foxwell
 


+44 (0) 207 138 3206
+44 (0) 207 138 3553
+44 (0) 207 138 3208
 




Teneo
Luke Hogg
Alan Tyrrell
Thomas Shortall


 
+353 (0) 1 661 4055
+353 (0) 1 661 4055
+353 (0) 1 661 4055



 
 
www.botswanadiamonds.co.uk




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END
 
 
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