REG - Botswana Diamonds - Marsfontein and Thorny River Exploration Update

Botswana DiamondsAnnouncement

09/11/2020 07:06

RNS Number : 5784E
  
Botswana Diamonds PLC
  
09 November 2020
  
 

9th November 2020




Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
 
Update on Latest Phase of Exploration on the Marsfontein and Thorny River Diamond Properties in South Africa
 
·    Kimberlite targets identified
·    Drilling to begin in two weeks  
 
 
Botswana Diamonds ('BOD'), the AIM and BSE listed diamond explorer, is pleased to provide an update on the latest exploration programme conducted on the Marsfontein and Thorny River diamond properties. This has identified a number of drillable targets. 
 
A mulithole drilling programme is expected to begin within two weeks.
 
A number of geophysical techniques and technologies were applied including gravity, electromagnetics, magnetics and ground penetrating radar. Out of the ten areas surveyed, the findings have identified four target areas including a potential blow of up to 0.25Ha and swells in the kimberlite dyke system of up to 10m.  
 
John Teeling, chairman, commented. "This phase of exploration on Thorny River and Marsfontein was designed to identify potential "blows" and swells on kimberlite veins. We have identified four likely targets, one blow, and three swells. These will be drilled in the coming weeks. Some of the kimberlite pipes in this area contain very high diamond grades. "
 
 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
 
This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Member of the Geological Society of South Africa, 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 35-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 




First Equity Limited -  Joint Broker 

Jason Robertson
 


+44 (0) 207 374 2212




Blytheweigh - PR

Megan Ray
Rachael Brooks
Said Izagaren
Naomi Holmes


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




Teneo 
Luke Hogg
Alan Tyrrell
Ross Murphy


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



 
 
www.botswanadiamonds.co.uk
 

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